For Sale: Sold

1024 Green St
Honolulu, HI 96822

$1,688,000 (FS)
Sold Price
$1,888,000 (FS)
List Price
Property Type:
Multi-Family
Studio Units:
0
1-Bed Units:
10
2-Bed Units:
0
3-Bed Units:
0
Land Area (sf):
4,940
Living (sf):
--
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
3 - Assigned
MLS #:
201606870
TMK:
1-2-4-017-007-0000
List Date:
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
PUNCHBOWL AREA

REMARKS:

Well maintained building with extremely low deferred maintenance. Excellent location and accessibility off Ward Avenue. You can't ask for a more stable tenant pool or better market rentability. One bedrooms in the area rent for an average of $1242! Pro forma is based on very achievable, conservative rents of only $1150 per unit. Below market rents can EASILY be raised to meet market rents and achieve NOI of $116, 873 (download attachment with comparable market analysis and actual inc/exp). 8/10 units nicely renovated w/ granite counters, and all units occupied. 2015 appraisal for $2M on file.

PROPERTY INFORMATION:

Zoning:
12 - A-2 Medium Density Apartme
Furnished:
Partial
Year Built:
1958
Year Remodeled:
2015

FINANCIAL INFORMATION:

Assd. Val. Land:
$853,600
Assd. Val. Imprv:
$123,500
Assd. Val. Total:
$977,100
Tax Year:
2015
Monthly Taxes:
$3,311
Home Exempt.:
--

SCHOOLS:

Elementary School:
--
Middle School:
--
High School:
--

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Thursday, August 18, 2022.  Information is deemed reliable but not guaranteed.  Copyright: 2022 by HiCentral MLS, Ltd.  Listing courtesy of Commercial Inv. Strategies