2016 Kapiolani Blvd
Honolulu, HI 96826
Sold Price
$4,875,000 (FS)
List Price
$5,500,000 (FS)
- Property Type:
- Multi-Family
- Studio Units:
- 10
- 1-Bed Units:
- 12
- 2-Bed Units:
- 0
- 3-Bed Units:
- 0
- Land Area (sf):
- 10,000
- Living (sf):
- --
- Lanai (sf):
- --
- Other (sf):
- --
- MLS #:
- 202211079
- Island:
- Oahu
- Region:
- Metro Oahu
- Neighborhood:
- MOILIILI
- TMK:
- 1-2-7-003-006-0000
- List Date:
- Date Sold:
REMARKS:
Location, location, location: blocks from Ala Moana, UH Manoa, and Waikiki, Don’t miss this once in a lifetime opportunity to own a super desirable, centrally located, two- building property with 22 units. Unit mix: 10 studios and 12 one-bedrooms with a shared driveway to be sold as a package with 2 identical buildings with TWO TMKs on Kapiolani Blvd: 1-2-7-003-006 & 1-2-7-003-061 each consisting of 5, 000sf lots with interiors of 3, 828sf each. Separately metered electricity, and gas and two water meters. Value-add opportunity with excellent potential upside as rents are below market with some vacant units. Financials show noted here are pro forma ONLY. To be sold as is, where is.
PROPERTY INFORMATION:
- Zoning:
- 12 - A-2 Medium Density Apartme
- Furnished:
- Partial
- Year Built:
- 1958
- Year Remodeled:
- --
FINANCIAL INFORMATION:
- Assd. Val. Land:
- $2,400,000
- Assd. Val. Imprv:
- $315,000
- Assd. Val. Total:
- $2,715,000
- Tax Year:
- 2022
- Monthly Taxes:
- $9,238
- Home Exempt.:
- --
SCHOOLS:
- Elem. School:
- --
- Middle School:
- --
- High School:
- --
OTHER PROPERTY FEATURES:
- Frontage:
- Other
- View:
- None
- Pool:
- --
- Amenities:
- None
- Inclusions:
- --
- Security:
- --
- Assn. Fee Inclusions:
- --
- Other Fee Inclusions:
- --
- Lot Description:
- Clear
- Topography:
- Level
- Number of Stories:
- Two
- Building Style:
- --
- Property Condition:
- Needs Major Repair
- Construction:
- Brick, Masonry/Stucco
- Roofing:
- Custom/Specialty
- Floor Covering:
- --
- Disclosures:
- 1031 Exchange
- Possession:
- At Closing, Subject To Tenancy
- Terms Accept.:
- Cash, Conventional, 1031 Exchange
- Land Recorded:
- Land Court
- Exclusions:
- --
- Easements:
- None
- Set-Backs:
- C&C
- Compensation*:
- 2.25%
- 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 Thursday, May 2, 2024. Information is deemed
reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Commercial Inv. Strategies