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2003/07 Fern Honolulu HI 96826 · Neighborhood: Moiliili · Region: Metro · MLS: 2415340 · TMK: 1-2-7-003-041-0000 & History 

Show all 3 photos. Updated 9/28/2004 11:51:05 AM
Inactive. Last Sold for 720,000 FS on 3/1/2005
Location
Type: Multi Family Home
Region: Metro
Neigh: Moiliili
2003/07 Fern
Honolulu HI 96826
Area
Building sf:4,500
Land sf:9,914
Land acres:0.228
Other
Parking:20
Built:1970
Remodeled:
Furnished:
Elevators:0
Rooms
Studios:0
1 Bedroom Units:20
2 Bedroom Units:0
3 Bedroom Units:0
Com space:0
Total Units:20
Financials
Rental Income:29,400
Expenses:(0)
Net Operating Income:29,400
Other Income:0
Total Income:29,400
Remarks
Seller:Interested in buying LAND under 20-unit apt bldg @ McCully & Fern St. Great opportunity for savvy investor to purchase the FEE INTEREST & collect on LONG TERM LAND LEASE. Triple Net lease 'til 2043 then bldg surrenders to LAND OWNER. Lease payments are paid monthly-based on 6% of land value. Low appraisal last year set Annual Income below prior period. REAPPRAISES in 2013 & adjust accordingly.Buyer:
Property Features
Amenities
Other

Building Type
Apartments

Condition
Above Average

Construction
Concrete
Hollow Tile

Disclosures
None
Non Resident Owner

Documents
Lease Documents

Easements
None

Expense Income
Other
Fee

Frontage

Furnished
None

Land Recorded
Land Court

Laundry
Coin
Space

Land Tenure
FS - Fee Simple

Lessee Pays

Listing Broker
Kahala Associates, Inc.

Location
Lot Description

Meters
Electric
Individual

Parking Guest
None

Parking Tenant
Covered
Possession
Subject To Tenancy

Recreation Facility
None

Roof
Other

Sale Conditions

Set Backs
Of Record
Sewer
Connected

Stories
4-7

Terms Offered
Cash
Conventional

Terms Sold
Other

Topography

Utilities

View
None

Zoning
More Information
Contact listProp Mgt
Management Company:lessee
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: 2005Assessed
Land813,000
Improvement917,900
Exemption0
Total1,730,900
Monthly Tax6,491
129 Days on MarketKey DatesPricing
Year Built:1970
Original List:799,000 FS
Listed:9/27/2004799,000 FS
Advertise:
Auction:
Price change:
Temp off Market:
Off Market:3/1/2005
Temp withdrawn:
Withdrawn:
Back on Market:2/3/2005
Status change:3/3/2005
Last Modified:3/3/2005
Contingency:2/3/2005
Pending:2/3/2005
Conditional:
Sold:3/1/2005720,000 FS
Concessions:(0)  
Net SP:720,000 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

skype

 
© Hawaii Home + Commercial LLC ® +1 (808) 358-1774 Email: glassr@hawaiihome.cc · Oahu Real Estate Brokerage · Equal Opportunity Housing · Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. IDX information is provided exclusively for consumers` personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the information is deemed reliable but not guaranteed. © 2013 by HiCentral MLS, Ltd.

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