2824 Kihei Pl
Honolulu, HI 96816

For Sale
Sold
Sold Price
$1,900,000 (FS)
List Price
$1,800,000 (FS)
Property Type:
Multi-Family
Studio Units:
0
1-Bed Units:
3
2-Bed Units:
3
3-Bed Units:
0
Land Area (sf):
5,653
Living (sf):
--
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
7 - Assigned
Property Photo
MLS #:
202403543
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
KAPAHULU
TMK:
1-2-7-030-051-0000
List Date:
Date Sold:

REMARKS:

6 unit apartment building in the highly sought-after neighborhood of Kapahulu. The concrete block building consists of 3 one-bedroom and 3 two-bedroom units, each accompanied by washer/dryer hookups in each unit. The building boasts 7 covered parking stalls! Separate electrical meters. Current rents are positioned below market, presenting a significant opportunity for a buyer to enhance returns through interior upgrades. The roof was recoated 2 years ago. Located behind Market City Shopping Center and just down the street from Kilohana Square, residents enjoy easy access to Kapahulu Avenue's vibrant array of restaurants and the convenience of nearby bus lines. Its proximity to the freeway, Waikiki, and the University of Hawaii makes it an ideal choice for a diverse array of tenants. This is a prime opportunity to own a piece of Kapahulu, a location that blends accessibility with the charm of Honolulu's beloved neighborhoods.

PROPERTY INFORMATION:

Zoning:
12 - A-2 Medium Density Apartme
Furnished:
None
Year Built:
1967
Year Remodeled:
1968

FINANCIAL INFORMATION:

Assd. Val. Land:
$1,521,800
Assd. Val. Imprv:
$316,900
Assd. Val. Total:
$1,838,700
Tax Year:
2024
Monthly Taxes:
$536
Home Exempt.:
--

SCHOOLS:

Elem. School:
--
Middle School:
--
High School:
--

OTHER PROPERTY FEATURES:

Frontage:
Other
View:
City, Garden
Pool:
--
Amenities:
Storage
Inclusions:
--
Security:
--
Assn. Fee Inclusions:
--
Other Fee Inclusions:
--
Lot Description:
Other
Topography:
Level
Number of Stories:
Two
Building Style:
--
Property Condition:
Average
Construction:
Concrete
Roofing:
Other
Floor Covering:
--
Disclosures:
Property Disclosure Stmt, Relative of Licensee
Possession:
At Closing
Terms Accept.:
Cash, Conventional
Land Recorded:
Land Court
Exclusions:
--
Easements:
Water
Set-Backs:
None
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 Friday, May 17, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of Keller Williams Honolulu