cloaked address Honolulu HI 96817 · Neighborhood: Nuuanu-Lower · Region: Metro · MLS: 2310372 · TMK: 1-2-2-001-048-0000 & History 

Show all 1 photos. Updated 8/15/2003
Inactive. Last Sold for 4,000,000 FS on 2/13/2004
Location
Type: Multi Family Home
Region: Metro
Neigh: Nuuanu-Lower
cloaked address
Honolulu HI 96817
Area
Building sf:22,650
Land sf:31,790
Land acres:0.730
Other
Parking:36
Built:1946
Remodeled:2002
Furnished:
Elevators:0
Rooms
Studios:0
1 Bedroom Units:14
2 Bedroom Units:28
3 Bedroom Units:0
Com space:0
Total Units:42
Financials
Rental Income:425,400
Expenses:(148,062)
Net Operating Income:302,504
Other Income:25,167
Total Income:450,567
Remarks
Seller:42 units absolute best location. 26 two beds, 14 one beds, & 2-2/1 houses. 100% occupancy with rising rents. New water heater/solar, security, exterior paint, railings, and most recent capitol improvements. Utility reimbursements of tenants started. Sale includes parcels 129 & 130 on Kauila Street. 7.2% cap rate on current income. Rents going up, quality tenants. Zoning allows 250 foot high bldgsBuyer:
Property Features
Amenities
Resident Manager

Building Type
Apartments
Multi Dwellings

Condition
Fair

Construction
Hollow Tile
Single Wall

Disclosures
Property Disclosure Stmt

Documents
P&L
Survey

Easements
Other

Expense Income
Excise Tax
Insurance
Mgmt Fee
Property Tax
Repair Maintenance
Sewer Fee
Fee

Frontage

Furnished
None

Land Recorded
Dual Systems

Laundry
Coin

Land Tenure
FS - Fee Simple

Lessee Pays

Listing Broker
INET Realty

Location
Lot Description

Meters
Electric
Gas
Water

Parking Guest
Check-in Required

Parking Tenant
Assigned
Possession
Subject To Tenancy

Recreation Facility
None

Roof
Composition

Sale Conditions

Set Backs
Of Record
Sewer
Connected

Stories
One
Two

Terms Offered
Cash
Conventional

Terms Sold
Conventional

Topography

Utilities

View
Mountain

Zoning
More Information
Contact listProp Mgt
Management Company:SELF MANAGED
Management Company Phone:
 
About LeaseholdLease Info
Lessor:
Renegotiation:
Lease expires:
Compare Fee Simple to Leasehold to Rent
 
Sample LH DisclosureRent per monththrough
Current:00
Step 1:00
Rates Real Property Tax
Tax year: 2003Assessed
Land1,982,700
Improvement695,400
Exemption0
Total2,678,100
Monthly Tax7,435
156 Days on MarketKey DatesPricing
Year Built:1946
Original List:3,999,000 FS
Listed:8/12/20034,199,000 FS
Advertise:
Auction:
Price change:11/5/2003
Temp off Market:
Off Market:2/13/2004
Temp withdrawn:
Withdrawn:
Back on Market:
Status change:2/16/2004
Last Modified:2/16/2004
Contingency:1/15/2004
Pending:12/22/2003
Conditional:
Sold:2/13/20044,000,000 FS
Concessions:(0)  
Net SP:4,000,000 FS
Representation, Questions & Additional Information
If you are already working with an agent, please contact them directly for more information on this Multi Family Home listing.
If you would like to work with a pro, contact:
Robin Glass, (R), PB, MBA
Hawaii Home + Commercial LLC
☎ 808-358-1774
glassr@hawaiihome.cc

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