509 Lauiki St

509 Lauiki St
Honolulu, HI 96826

For Sale

Sold

Sold Price

$1,875,000 (FS)

List Price

$1,825,000 (FS)

Property Type:: Multi-Family
Studio Units:: 0
1-Bed Units:: 0
2-Bed Units:: 6
3-Bed Units:: 0

Land Area (sf):: 7,199
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 6 - Assigned, Covered

MLS #:: 202306967
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: KAPIOLANI
TMK:: 1-2-7-013-024-0000

List Date:: March 31, 2023
Date Sold:: June 30, 2023

REMARKS:

Iolani school neighborhood GEM! Super desirable neighborhood with maximum rentability with solid, seasoned rents and great rental comps demonstrating ultimate rentability for value-adding to market rates. Don’t miss out on this rare opportunity to own these just under 700sf two bed units with nice grassy yard and covered one-to-one parking on a very nice-sized lot. Add your own coin laundry and charge for parking for more income. All tenants on MTM agreements. PLEASE do not disturb tenants or walk/ park on property. All washing machines are tenant-owned, separately metered for electricity.

View Map

PROPERTY INFORMATION:

Zoning:: 13 - A-3 High Density Apartment
Furnished:: Partial

Year Built:: 1952
Year Remodeled:: 1957

FINANCIAL INFORMATION:

Assd. Val. Land:: $1,705,500
Assd. Val. Imprv:: $166,700
Assd. Val. Total:: $1,872,200

Tax Year:: 2023
Monthly Taxes:: $524
Home Exempt.:: --

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:: Other
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, Wood Frame
Roofing:: Custom/Specialty
Floor Covering:: --

Disclosures:: 1031 Exchange, Pet on Property
Possession:: At Closing, Subject To Tenancy
Terms Accept.:: Cash, Conventional, 1031 Exchange
Land Recorded:: Regular System

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

Compensation*:: 2.25
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 Wednesday, May 1, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Commercial Inv. Strategies