For Sale: Sold

2016 Kapiolani Blvd
Honolulu, HI 96826

$4,875,000 (FS)
Sold Price
$5,500,000 (FS)
List Price
Property Type:
Multi-Family
Studio Units:
10
1-Bed Units:
12
2-Bed Units:
0
3-Bed Units:
0
Land Area (sf):
10,000
Living (sf):
--
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
6 - Open
MLS #:
202211079
TMK:
1-2-7-003-006-0000
List Date:
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
MOILIILI

REMARKS:

Location, location, location: blocks from Ala Moana, UH Manoa, and Waikiki, Don’t miss this once in a lifetime opportunity to own a super desirable, centrally located, two- building property with 22 units. Unit mix: 10 studios and 12 one-bedrooms with a shared driveway to be sold as a package with 2 identical buildings with TWO TMKs on Kapiolani Blvd: 1-2-7-003-006 & 1-2-7-003-061 each consisting of 5, 000sf lots with interiors of 3, 828sf each. Separately metered electricity, and gas and two water meters. Value-add opportunity with excellent potential upside as rents are below market with some vacant units. Financials show noted here are pro forma ONLY. To be sold as is, where is.

PROPERTY INFORMATION:

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

FINANCIAL INFORMATION:

Assd. Val. Land:
$2,400,000
Assd. Val. Imprv:
$315,000
Assd. Val. Total:
$2,715,000
Tax Year:
2022
Monthly Taxes:
$9,238
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 Saturday, April 20, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of Commercial Inv. Strategies