1313 Ahiahi St
Honolulu, HI 96817
Sold Price
$1,850,000 (FS)
List Price
$2,025,000 (FS)
- Property Type:
- Multi-Family
- Studio Units:
- 0
- 1-Bed Units:
- 8
- 2-Bed Units:
- 0
- 3-Bed Units:
- 0
- Land Area (sf):
- 5,000
- Living (sf):
- --
- Lanai (sf):
- --
- Other (sf):
- --
- Parking Stalls:
- 7 - Assigned, Open
- MLS #:
- 202316412
- Island:
- Oahu
- Region:
- Metro Oahu
- Neighborhood:
- KAMEHAMEHA HEIGHTS
- TMK:
- 1-1-6-015-013-0000
- List Date:
- Date Sold:
REMARKS:
Where else can you earn a 5.78% Cap Rate on Existing Income & Expenses IN TOWN?? Rarely available neighborhood with excellent return. Clean, well-positioned building with easy access to the freeway in all directions. Seasoned, stable income from long-term tenants with well-tended plants make this building extremely welcoming, warm, and easy to rent. Brand new paint and spacious units with nice layout. Legal, non-conforming use means you can get a loan on all 8 units. Hollow tile construction, all tenants are separately metered for electric, one water meter. One renovated unit now renting for $1700, so potential income is greater than stated, 1 parking stall is tandem.
PROPERTY INFORMATION:
- Zoning:
- 5 - R-5 Residential
- Furnished:
- Partial
- Year Built:
- 1964
- Year Remodeled:
- 2023
FINANCIAL INFORMATION:
- Assd. Val. Land:
- $688,800
- Assd. Val. Imprv:
- $191,000
- Assd. Val. Total:
- $879,800
- Tax Year:
- 2023
- Monthly Taxes:
- $257
- 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:
- Gentle Slope
- Number of Stories:
- Two
- Building Style:
- --
- Property Condition:
- Above Average
- Construction:
- Hollow Tile, Masonry/Stucco
- Roofing:
- Custom/Specialty
- Floor Covering:
- --
- Disclosures:
- 1031 Exchange, Licensed Owner
- Possession:
- At Closing, Subject To Tenancy
- Terms Accept.:
- Cash, Conventional, 1031 Exchange
- Land Recorded:
- Land Court
- Exclusions:
- --
- Easements:
- Driveway
- 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 Tuesday, May 7, 2024. Information is deemed
reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Commercial Inv. Strategies