For Sale: Sold

1909 Kahakai Dr
Honolulu, HI 96814

$8,200,000 (FS)
Sold Price
$8,495,000 (FS)
List Price
Property Type:
Multi-Family
Studio Units:
25
1-Bed Units:
8
2-Bed Units:
0
3-Bed Units:
0
Land Area (sf):
11,728
Living (sf):
--
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
15 - Assigned
MLS #:
202112413
TMK:
1-2-3-036-028-0000
List Date:
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
ALA MOANA

REMARKS:

Over 4.5% CAP RATE !!! Next to Hawaii Convention Center & entrance to Waikiki. Rents are below market which provides lucky investor an opportunity to greatly increase cash flow. Bldg 100% occupied, currently zero vacancies. Great revenue-earning property for investment. All concrete building-super quiet for tenants, well-kept exterior and landscaping, excellent condition. 33-unit building has 15 rentable stalls for parking. Units individually metered for electricity. Laundry facility conveniently in building. Highly desirable rental units due to central location. Across the street from Ala Moana Shopping Center. Short walk to stores, grocery, beaches and bus stops. Bike/Walk friendly area.

PROPERTY INFORMATION:

Zoning:
12 - A-2 Medium Density Apartme
Furnished:
--
Year Built:
1951
Year Remodeled:
2000

FINANCIAL INFORMATION:

Assd. Val. Land:
$1,527,700
Assd. Val. Imprv:
$1,784,600
Assd. Val. Total:
$3,312,300
Tax Year:
2021
Monthly Taxes:
$966
Home Exempt.:
--

SCHOOLS:

Elementary School:
Ala Wai
Middle School:
Washington
High School:
Mckinley

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Monday, May 6, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of Island Prime Properties LLC