For Sale: Sold

1313 Ahiahi St
Honolulu, HI 96817

$1,850,000 (FS)
Sold Price
$2,025,000 (FS)
List Price
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
TMK:
1-1-6-015-013-0000
List Date:
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
KAMEHAMEHA HEIGHTS

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:

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

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Sunday, May 19, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of Commercial Inv. Strategies