2908 Varsity Cir #5
Honolulu, HI 96826
Sold Price
$2,050,000 (FS)
List Price
$2,200,000 (FS)
- Property Type:
- Multi-Family
- Studio Units:
- 1
- 1-Bed Units:
- 6
- 2-Bed Units:
- 1
- 3-Bed Units:
- 0
- Land Area (sf):
- 5,001
- Living (sf):
- --
- Lanai (sf):
- --
- Other (sf):
- --
- Parking Stalls:
- 7 - Assigned, Open
- MLS #:
- 202127221
- Island:
- Oahu
- Region:
- Metro Oahu
- Neighborhood:
- MOILIILI
- TMK:
- 1-2-8-025-015-0000
- List Date:
- Date Sold:
REMARKS:
Great location close to UH Manoa, Puck's Alley, and easy access west or east bound. This property has true pride of ownership and is very well maintained. Majority of the units have been refurbished and only a few units left to add your own personal touch. The one bedroom units are very spacious for one bedroom standards. The 8th unit was converted to a 2 bedroom unit so the 7th was decreased to a studio. The exterior has been recently painted and every unit could have a washer/dryer hook up or install your own coin operated laundry machines. The rent roll is lower than market because half of the building is occupied by family and friends. 6 out of the 8 leases are on a month to month term. There are 7 open parking stalls available. There used to be 8 but owner wanted to have slightly wider stalls. This is one of the cleanest and well kept buildings in the neighborhood and will be a perfect cash flow for a 1031 exchange. Please make an offer subject to inspection as we do not want to disrupt the tenants especially during the pandemic.
PROPERTY INFORMATION:
- Zoning:
- 11 - A-1 Low Density Apartment
- Furnished:
- Partial
- Year Built:
- 1955
- Year Remodeled:
- 1990
FINANCIAL INFORMATION:
- Assd. Val. Land:
- $1,140,100
- Assd. Val. Imprv:
- $457,000
- Assd. Val. Total:
- $1,597,100
- Tax Year:
- 2020
- Monthly Taxes:
- $579
- Home Exempt.:
- --
SCHOOLS:
- Elem. School:
- --
- Middle School:
- --
- High School:
- --
OTHER PROPERTY FEATURES:
- Frontage:
- Stream/Canal
- View:
- City, Mountain
- 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:
- Brick, Single Wall
- Roofing:
- Asphalt Shingle
- Floor Covering:
- --
- Disclosures:
- Property Disclosure Stmt
- Possession:
- At Closing, Subject To Tenancy
- Terms Accept.:
- Cash, Conventional
- Land Recorded:
- Land Court
- Exclusions:
- --
- Easements:
- None
- Set-Backs:
- C&C
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Sunday, October 13, 2024. Information is deemed
reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Ivy K Realty, LLC