Kapahulu Multi-Family

808 Makaleka Avenue, Honolulu, Oahu 96816 Get Directions

$1,399,000

 

Lot Size Area
3,000 SqFt
Land Tenure
Fee Simple
MLS #
202400524
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Overview

$71,914/yr CURRENT NOI. 4.96% CAP, self managed. $86,314 PROFORMA NOI. 5.96% CAP, self managed. Extremely desirable location, 1 block of Kapahulu (directly behind Safeway). 100% Occupied. Long term tenants (4 of 6 are over 10 years) and all M-T-M. Low property tax. NOT in a flood zone. 3 tandem parking stalls with plenty of quiet street parking. 1 water meter, 4 electric meters: owner pays for units E (studio), F, and Laundry. 1031X contingent (however, Seller has identified replacement properties.)

Property Details

Building Type
Apartments
Construction Materials
Hollow Tile
Location
Cul-De-Sac
Neighborhood
Kapahulu
Net Operating Income
71914.00
Number Of Units Total
6
Parking Features
Tandem
Parking Total
3
Property Type
Multi-Family
Status
Active
Stories
2
Total Actual Rent
$7,400
Total Annual Operating Expenses
$18,386
Total Income
$90,300
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City
Year Built
1941

Additional Property Info

Disclosures
1031 Exchange
Days on Market
36
Flood Zone
Zone X
Laundry Facilities
Coin, Washer
Property Condition
Average
Roof
Asphalt Shingle
Tax Amount
$294
Tax Assessed Value
$1,006,500
Tax Assessed Value Improvements
$79,000
Tax Assessed Value Land
$927,500
Topography
Level
Utilities
Cable, Overhead Electricity, Public Water, Water
Zoning
12 - A-2 Medium Density Apartme

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Listing Courtesy of CBI Residential Advisory Svcs. Courtesy of Alan J Christopher, CBI Residential Advisory Svcs..
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2024 by HiCentral MLS, Ltd.

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