940 Punahou St

940 Punahou St
Honolulu, HI 96826

For Sale

Sold

Sold Price

$3,100,000 (FS)

List Price

$3,088,000 (FS)

Property Type:: Multi-Family
Studio Units:: 1
1-Bed Units:: 0
2-Bed Units:: 8
3-Bed Units:: 0

Land Area (sf):: 7,211
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 6 - Assigned, Open

MLS #:: 202209610
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: PAWAA
TMK:: 1-2-3-025-006-0000

List Date:: May 19, 2022
Date Sold:: June 16, 2022

REMARKS:

Very desirable, multi-family building in prime location at 940 Punahou Street. Excellent condition, hollow tile two-story apartment building with 8 - two bedroom units and 1 studio. Close to Waikiki and easy access to everywhere. Zoned BMX-3. Seller filed dedicated RPT. Newly painted exterior of building, newly constructed common laundry area for coin operated washers/dryers. One of the 2 bedroom units has been fully renovated. Most of the rents are currently below market. 100% occupied.

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PROPERTY INFORMATION:

Zoning:: 33 - BMX-3 Community Business M
Furnished:: --

Year Built:: 1962
Year Remodeled:: --

FINANCIAL INFORMATION:

Assd. Val. Land:: $2,199,400
Assd. Val. Imprv:: $360,600
Assd. Val. Total:: $2,560,000

Tax Year:: 2022
Monthly Taxes:: $2,620
Home Exempt.:: --

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:: Other
View:: Mountain, Other
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, Excellent
Construction:: Hollow Tile
Roofing:: Other
Floor Covering:: --

Disclosures:: 1031 Exchange, Relative of Licensee
Possession:: At Closing
Terms Accept.:: Cash, Conventional, 1031 Exchange
Land Recorded:: Regular System

Exclusions:: --
Easements:: None
Set-Backs:: C&C

Compensation*:: 2%
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, May 4, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of List Sotheby's Int'l Realty