1024 Green St

1024 Green St
Honolulu, HI 96822

For Sale

Sold

Sold Price

$1,688,000 (FS)

List Price

$1,888,000 (FS)

Property Type:: Multi-Family
Studio Units:: 0
1-Bed Units:: 10
2-Bed Units:: 0
3-Bed Units:: 0

Land Area (sf):: 4,940
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 3 - Assigned

MLS #:: 201606870
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: PUNCHBOWL AREA
TMK:: 1-2-4-017-007-0000

List Date:: April 12, 2016
Date Sold:: August 24, 2016

REMARKS:

Well maintained building with extremely low deferred maintenance. Excellent location and accessibility off Ward Avenue. You can't ask for a more stable tenant pool or better market rentability. One bedrooms in the area rent for an average of $1242! Pro forma is based on very achievable, conservative rents of only $1150 per unit. Below market rents can EASILY be raised to meet market rents and achieve NOI of $116, 873 (download attachment with comparable market analysis and actual inc/exp). 8/10 units nicely renovated w/ granite counters, and all units occupied. 2015 appraisal for $2M on file.

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PROPERTY INFORMATION:

Zoning:: 12 - A-2 Medium Density Apartme
Furnished:: Partial

Year Built:: 1958
Year Remodeled:: 2015

FINANCIAL INFORMATION:

Assd. Val. Land:: $853,600
Assd. Val. Imprv:: $123,500
Assd. Val. Total:: $977,100

Tax Year:: 2015
Monthly Taxes:: $3,311
Home Exempt.:: --

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:: --
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:: Above Average
Construction:: Hollow Tile, Single Wall
Roofing:: Asphalt Shingle
Floor Covering:: --

Disclosures:: None
Possession:: Subject To Tenancy
Terms Accept.:: Cash, Conventional, 1031 Exchange
Land Recorded:: Regular System

Exclusions:: --
Easements:: Sewer
Set-Backs:: None

Compensation*:: 3
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 Saturday, July 27, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Commercial Inv. Strategies