2842 Kaimuki Ave

2842 Kaimuki Ave
Honolulu, HI 96816

For Sale

Sold

Sold Price

$2,300,000 (FS)

List Price

$2,450,000 (FS)

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

Land Area (sf):: 5,524
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 4 - Assigned, Covered

MLS #:: 202310419
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: KAPAHULU
TMK:: 1-2-7-030-027-0000

List Date:: May 08, 2023
Date Sold:: March 25, 2024

REMARKS:

Rare opportunity with great cash flow. Proforma 6.12% cap rate. Call Listor for financials. 23 room dormitory complex in convenient location off of Kapahulu Avenue. 22 partially furnished rooms each with sink, microwave, small refrigerator, window A/C and bed that share 4 full bathrooms. One studio unit with full kitchen above parking area with full bath. One electrical, water and gas (water heater) meters for the entire complex. Secured, gated entry with lush landscaping and picnic area for tenants with gas BBQ grill. Coin-operated washer and dryer machines. Wi-Fi provided for Tenants.

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PROPERTY INFORMATION:

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

Year Built:: 1967
Year Remodeled:: 2006

FINANCIAL INFORMATION:

Assd. Val. Land:: $1,400,600
Assd. Val. Imprv:: $274,300
Assd. Val. Total:: $1,674,900

Tax Year:: 2023
Monthly Taxes:: $489
Home Exempt.:: --

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:: Other
View:: City, Other
Pool:: --
Amenities:: A/C
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, Wood Frame
Roofing:: Composition
Floor Covering:: --

Disclosures:: None
Possession:: At Closing
Terms Accept.:: Cash, Conventional, 1031 Exchange
Land Recorded:: Land Court

Exclusions:: --
Easements:: Street Widening
Set-Backs:: C&C

Compensation*:: 2.5
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, April 20, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Marcus Realty