None Commercial

821 Olokele Avenue, Honolulu, Oahu 96816 Get Directions

$1,888,000

 

Total SqFt
3,067
Lot Size Area
6,000 SqFt
Land Tenure
Fee Simple
MLS #
202324068
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Overview

Super desirable central location close to beach, Waikiki, UH Manoa, and Ala Moana with 4 one-bedrooms in front two-story building (built in 1957) and 1 three-bedroom house (built in 1939) and 1:1 covered parking. All units separately metered for electric (no master meter), one water meter with very low expenses, currently self-managed. Seasoned tenant pool—this area is a tenant favorite(!)—and room for improving rents as all tenants are MTM. Laundry machines owned by tenants. Improvements include: 2 new roofs, copper plumbing inside all units, upgraded electric panels, house and Unit A : most electric rewired.

Property Details

Business Type
Condo/Apt, Other
Construction Materials
Concrete Block, Other, Wood Frame
Floor Number
2
Flooring
Concrete, Other, Wood
Neighborhood
Kapahulu
Net Operating Income
68138.00
Number Of Units Total
5
Parking Features
Assigned, On Site
Parking Total
6
Property Frontage
Other
Property Type
Commercial/Industrial
Interior SqFt
3,067
Total SqFt
3,067
Status
Active
Stories
2
Total Actual Rent
$7,000
Total Annual Operating Expenses
$15,862
Total Income
$84,000
Year Built
1939

Additional Property Info

Disclosures
Licensed Owner
Flood Zone
Zone X
Property Condition
Above Average
Roof
Composition
Tax Amount
$483
Tax Assessed Value
$1,654,700
Tax Assessed Value Improvements
$130,900
Tax Assessed Value Land
$1,523,800
Utilities
Light Electricity, Other, Small Water Meter
Zoning
12 - A-2 Medium Density Apartme

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Listing Courtesy of Commercial Inv. Strategies Courtesy of Christina L Dwight, Commercial Inv. Strategies.
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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