1841 Palolo Ave #A
Honolulu, HI 96816
Sold Price
$5,220,000 (FS)
List Price
$5,395,000 (FS)
- Property Type:
- Multi-Family
- Studio Units:
- 0
- 1-Bed Units:
- 9
- 2-Bed Units:
- 9
- 3-Bed Units:
- 0
- Land Area (sf):
- 12,480
- Living (sf):
- --
- Lanai (sf):
- --
- Other (sf):
- --
- Parking Stalls:
- 18 - Assigned
- MLS #:
- 201713302
- Island:
- Oahu
- Region:
- Diamond Head
- Neighborhood:
- PALOLO
- TMK:
- 1-3-3-039-007-0000
- List Date:
- Date Sold:
REMARKS:
Beautifully renovated turn-key building with brand new exterior, incl. roof, paint, and asphalt, and more! Hollow tile apartment opportunity in desirable area with few comparable buildings and an established, stable rental pool. Tenants pay H2O, gas & electric. Actual income returns 4%. Market rents are $1650 for ones, $1850 for twos, but not a lot of comps because the area is mostly single family houses. Pro forma analysis uses super conservative rents to produce $336, 600/year.
PROPERTY INFORMATION:
- Zoning:
- 5 - R-5 Residential
- Furnished:
- Partial
- Year Built:
- 1969
- Year Remodeled:
- 2016
FINANCIAL INFORMATION:
- Assd. Val. Land:
- $1,747,200
- Assd. Val. Imprv:
- $960,500
- Assd. Val. Total:
- $2,707,700
- Tax Year:
- 2016
- Monthly Taxes:
- $790
- Home Exempt.:
- --
SCHOOLS:
- Elem. School:
- --
- Middle School:
- --
- High School:
- --
OTHER PROPERTY FEATURES:
- Frontage:
- Other
- View:
- City, Mountain, Ocean
- Pool:
- --
- Amenities:
- None
- Inclusions:
- --
- Security:
- --
- Assn. Fee Inclusions:
- --
- Other Fee Inclusions:
- --
- Lot Description:
- Flag Lot
- Topography:
- Level
- Number of Stories:
- Three
- Building Style:
- --
- Property Condition:
- Excellent
- Construction:
- Concrete, Hollow Tile
- Roofing:
- Custom/Specialty
- Floor Covering:
- --
- Disclosures:
- 1031 Exchange, Licensed Owner
- Possession:
- At Closing, Subject To Tenancy
- Terms Accept.:
- Cash, Conventional, 1031 Exchange
- Land Recorded:
- Regular System
- Exclusions:
- --
- Easements:
- Other
- Set-Backs:
- None
- Compensation*:
- 2%
- Compensation Type:
- --
* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating
Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Wednesday, April 24, 2024. Information is deemed
reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Commercial Inv. Strategies