cloaked address Honolulu HI 96826 · Neighborhood: Kapiolani · Region: Metro · MLS: 2807122 · TMK: 1-2-7-022-002-0000 & History 

Show all 10 photos. Updated 4/28/2008 7:47:27 PM
Expired. It was offered at $3,600,000 FS
Location
Type: Multi Family Home
Region: Metro
Neigh: Kapiolani
cloaked address
Honolulu HI 96826
Area
Building sf:11,661
Land sf:11,451
Land acres:0.263
Other
Parking:20
Built:1963
Remodeled:
Furnished:
Elevators:0
Rooms
Studios:0
1 Bedroom Units:6
2 Bedroom Units:14
3 Bedroom Units:0
Com space:0
Total Units:20
Financials
Rental Income:266,400
Expenses:(36,504)
Net Operating Income:233,796
Other Income:4,800
Total Income:271,200
Remarks
Seller:Solid three-story hollow tile apt building near Waikiki, UH, & Ala Moana! 14-6 bedroom and 6-1 bedroom, total 20 units/20 parking (15 conforming + 5 additional)! Separate laundry room! All units have own electric meter and lanai! Income based on actual rent $271,200 - $36,504 = $234,696 with net CAP RATE = 6.34%. Possible CPR! Do not disturb tenants! Make offer subject to inspection! Sold 'As Is'
Property Features
Amenities
None

Building Type
Apartments

Condition
Above Average

Construction
Concrete
Hollow Tile
Slab

Disclosures
None

Documents
Inventory
Lease Documents
P&L
Survey
Title Search

Easements
Water

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

Frontage

Furnished
Partial

Land Recorded
Land Court

Laundry
Coin
Dryer
Washer

Land Tenure
FS - Fee Simple

Lessee Pays
Cable TV
Electricity

Listing Broker
Five Star Realty, Inc.

Location
Lot Description
Clear

Meters
Electric
Individual
Water

Parking Guest
None

Parking Tenant
Assigned
Covered
Open
Possession
Subject To Tenancy

Recreation Facility
None

Roof
Pitch & Gravel

Sale Conditions

Set Backs
CandC
Of Record
Sewer
Connected

Stories
Three

Terms Offered
Cash
Conventional

Terms Sold

Topography
Level

Utilities

View
Diamond Head
Mountain

Zoning
More Information
Contact listProp Mgt
Management Company:
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: 2008Assessed
Land1,700,500
Improvement963,100
Exemption0
Total2,663,600
Monthly Tax8,310
6,245 Days on MarketKey DatesPricing
Year Built:1963
Original List:3,995,000 FS
Listed:4/28/20083,600,000 FS
Advertise:
Auction:
Price change:2/23/2009
Temp off Market:
Off Market:4/29/2009
Temp withdrawn:
Withdrawn:
Back on Market:
Status change:4/29/2009
Last Modified:4/29/2009
Contingency:
Pending:
Conditional:
Sold:0 FS
Concessions:(0)  
Net SP:0 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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