For Sale: Sold

1841 Palolo Ave #A
Honolulu, HI 96816

$5,220,000 (FS)
Sold Price
$5,395,000 (FS)
List Price
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
TMK:
1-3-3-039-007-0000
List Date:
Island:
Oahu
Region:
Diamond Head
Neighborhood:
PALOLO

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:

Elementary School:
--
Middle School:
--
High School:
--

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Friday, April 19, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of Commercial Inv. Strategies