1120 Pua Ln
Honolulu, HI 96817
- Property Type:
- Multi-Family
- Studio Units:
- 0
- 1-Bed Units:
- 0
- 2-Bed Units:
- 0
- 3-Bed Units:
- 9
- Land Area (sf):
- 11,500
- Living (sf):
- --
- Lanai (sf):
- --
- Other (sf):
- --
- Parking Stalls:
- 18 - Assigned, Open
- MLS #:
- 202119729
- TMK:
- 1-1-7-031-005-0000
- List Date:
- Island:
- Oahu
- Region:
- Metro Oahu
- Neighborhood:
- PALAMA
REMARKS:
CASH COW. Rare Leasehold asset with excellent income and irresistible pricing. Built in 1993, this income GEM is well maintained and rented by the room. Owners live in one of the units and make sure the property sparkles. Better than 1:1 parking. Currently rented BY THE ROOM (38 rooms) with shared kitchen and bathroom= 7 five bed/ 1 ba + 2 three bed, one ba. Can convert to 9 separate rentals to lessen management and overhead (electric and water is included, 9 electric meters, 1 water meter), plus Bonus electric charging station for EV)! Lender has verified a $270, 000 loan based on “known” rental period to 2027; lease ends in 2037.
PROPERTY INFORMATION:
- Zoning:
- 12 - A-2 Medium Density Apartme
- Furnished:
- Partial
- Year Built:
- 1991
- Year Remodeled:
- --
FINANCIAL INFORMATION:
- Assd. Val. Land:
- $1,866,400
- Assd. Val. Imprv:
- $824,700
- Assd. Val. Total:
- $2,691,100
- Tax Year:
- 2021
- Monthly Taxes:
- $785
- Home Exempt.:
- --
- Land Tenure:
- --
- FeeOptions
- None
- Lessor:
- Maeda Trust
- Lease Rent:
- 6845.00/2037
- Next Step-Up:
- --/2027
- 2nd Step-Up:
- --/--
- Fee Purchase:
- --
- Reneg Date:
- --
- Lease Exp:
- --
SCHOOLS:
- Elementary School:
- --
- Middle School:
- --
- High School:
- --
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Friday, April 19, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Commercial Inv. Strategies