1218 N King St

1218 N King St
Honolulu, HI 96817

For Sale

Active

List Price

$4,600,000 (FS)

Property Type:: Multi-Family
Studio Units:: 0
1-Bed Units:: 9
2-Bed Units:: 4
3-Bed Units:: 1

Land Area (sf):: 9,507
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 17 - Covered, Tandem

Virtual Tour:

https://unbranded.youriguide.com/1218_n_school_st_honolulu_hi/

MLS #:: 202311568
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: KAPALAMA
TMK:: 1-1-6-002-063-0000

List Date:: May 31, 2023

REMARKS:

Opportunity knocks! TWO 3 story hollow tile buildings located across from the post office on N King, this well-maintained 20-unit apartment building has 6 retail spaces, 9 one-bedroom units, 4 two-bedrooms, 1 three-bedroom, and 1 bonus warehouse unit (approx 645sf). Owner recently fixed spalling and painted, and has taken excellent care of the building. Property has some covered parking, and bonus parking fronting the building not included in the 17 stalls. Access from Long Lane via N King. Opportunity to create better cash flow with minimal cap expenditure due to below market rents.

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PROPERTY INFORMATION:

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

Year Built:: 1970
Year Remodeled:: 2022

FINANCIAL INFORMATION:

Assd. Val. Land:: $2,093,500
Assd. Val. Imprv:: $967,500
Assd. Val. Total:: $3,061,000

Tax Year:: 2023
Monthly Taxes:: $3,160
Home Exempt.:: --

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:: Other
View:: Mountain, Other, Sunrise, Sunset
Pool:: --
Amenities:: None
Inclusions:: --
Security:: --
Assn. Fee Inclusions:: --
Other Fee Inclusions:: --

Lot Description:: Clear
Topography:: Level
Number of Stories:: Three
Building Style:: --
Property Condition:: Excellent
Construction:: Hollow Tile
Roofing:: Custom/Specialty
Floor Covering:: --

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

Exclusions:: --
Easements:: Electric
Set-Backs:: C&C, Of Record

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