1623 Alapai St
Honolulu, HI 96813
Sold Price
$5,000,000 (FS)
List Price
$5,000,000 (FS)
- Property Type:
- Multi-Family
- Studio Units:
- 0
- 1-Bed Units:
- 7
- 2-Bed Units:
- 10
- 3-Bed Units:
- 0
- Land Area (sf):
- 10,050
- Living (sf):
- --
- Lanai (sf):
- --
- Other (sf):
- --
- Parking Stalls:
- 18 - Assigned
- MLS #:
- 202212082
- Island:
- Oahu
- Region:
- Metro Oahu
- Neighborhood:
- PUNCHBOWL AREA
- TMK:
- 1-2-2-004-019-0000
- List Date:
- Date Sold:
REMARKS:
A GEM at the base of Punchbowl. This 17 unit building is poised for income potential. 7 - 1 bedroom units, 10 - 2 bedroom units. 1 beds are 480 sq ft, 2 bedrooms are either 600 or 720 sq ft depending on stack. CMU construction, concrete walls between units, individual electric meters, assigned parking, resident manager on site, great ocean and city views, very well maintained. At the end of Alapai Street against the hills of Punchbowl provides privacy for the units and cool breezes. Laundry facilities onsite and a communal garden. Units have been upgraded as tenants moved out, all varies. Long time residents have lived in the building. First time changing hands in over 43 years. Please review financial listing packet for more information on rent roll, expenses, pro-forma, survey, floor plans etc. Amazing rental income opportunity with a solid building that has been well maintained.
PROPERTY INFORMATION:
- Zoning:
- 12 - A-2 Medium Density Apartme
- Furnished:
- None
- Year Built:
- 1971
- Year Remodeled:
- --
FINANCIAL INFORMATION:
- Assd. Val. Land:
- $1,757,500
- Assd. Val. Imprv:
- $857,500
- Assd. Val. Total:
- $2,615,000
- Tax Year:
- 2022
- Monthly Taxes:
- $763
- Home Exempt.:
- --
SCHOOLS:
- Elem. School:
- --
- Middle School:
- --
- High School:
- --
OTHER PROPERTY FEATURES:
- Frontage:
- --
- View:
- City, Coastline, Ocean
- Pool:
- --
- Amenities:
- Resident Manager
- Inclusions:
- --
- Security:
- --
- Assn. Fee Inclusions:
- --
- Other Fee Inclusions:
- --
- Lot Description:
- Clear
- Topography:
- Level
- Number of Stories:
- Three, 4-7
- Building Style:
- --
- Property Condition:
- Above Average, Average
- Construction:
- Concrete, Hollow Tile, Other
- Roofing:
- Other
- Floor Covering:
- --
- Disclosures:
- Property Disclosure Stmt
- Possession:
- Subject To Tenancy
- Terms Accept.:
- Cash, Conventional
- Land Recorded:
- Land Court
- Exclusions:
- --
- Easements:
- None
- Set-Backs:
- Of Record
- Compensation*:
- 2.5
- 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 Sunday, April 28, 2024. Information is deemed
reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Compass