1346 10th Ave

1346 10th Ave
Honolulu, HI 96816

For Sale

Sold

Sold Price

$1,700,000 (FS)

List Price

$1,713,000 (FS)

Property Type:: Multi-Family
Studio Units:: 0
1-Bed Units:: 1
2-Bed Units:: 3
3-Bed Units:: 0

Land Area (sf):: 9,850
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 4 - Assigned, Covered, Open

MLS #:: 202314825
Island:: Oahu
Region:: Diamond Head
Neighborhood:: PALOLO
TMK:: 1-3-3-005-047-0000

List Date:: July 06, 2023
Date Sold:: February 07, 2024

REMARKS:

FOUR separate houses in super desirable location just off Waialae Ave blocks shops, restaurants, and around the corner from Tamura’s on 10th. Unit mix is 1 one-bed, 3 two-beds situated on a shared driveway with mostly-covered tenant parking. Stellar rental potential as conservative market rents for the area show about a $400 shortfall on existing rents for each unit type. All tenants MTM. All units have been completely re-wired, some copper plumbing, 3 year old roofs and new paint. Gas is available, separate electric meters. Two 2-beds have separate water meters; 1 bed and 3 bed share a water meter). Great for stable investment income, extended family living or first-time investor looking to live in one and rent the others.

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PROPERTY INFORMATION:

Zoning:: 5 - R-5 Residential
Furnished:: Partial

Year Built:: 1940
Year Remodeled:: --

FINANCIAL INFORMATION:

Assd. Val. Land:: $1,272,500
Assd. Val. Imprv:: $132,100
Assd. Val. Total:: $1,404,600

Tax Year:: 2023
Monthly Taxes:: $361
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:: Gentle Slope
Number of Stories:: One, Two
Building Style:: --
Property Condition:: Average
Construction:: Single Wall, Wood Frame
Roofing:: Asphalt Shingle
Floor Covering:: --

Disclosures:: 1031 Exchange
Possession:: At Closing, Subject To Tenancy
Terms Accept.:: Cash, Conventional, 1031 Exchange
Land Recorded:: Land Court

Exclusions:: --
Easements:: Driveway, Electric
Set-Backs:: None

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 Wednesday, May 1, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Commercial Inv. Strategies