Kapalama Multi-Family

1218 N King Street, Honolulu, Oahu 96817 Get Directions

$4,600,000

 

Total SqFt
10,785
Lot Size Area
9,507 SqFt
Land Tenure
Fee Simple
MLS #
202311568
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Overview

Opportunity knocks! TWO 3 story hollow tile buildings located across from the post office on N King, this well-maintained 20-unit apartment building has 6 retail spaces, 9 one-bedroom units, 4 two-bedrooms, 1 three-bedroom, and 1 bonus warehouse unit (approx 645sf). Owner recently fixed spalling and painted, and has taken excellent care of the building. Property has some covered parking, and bonus parking fronting the building not included in the 17 stalls. Access from Long Lane via N King. Opportunity to create better cash flow with minimal cap expenditure due to below market rents.

Property Details

Building Type
Apartments, Multi Dwellings
Number of Commercial Spaces
6
Construction Materials
Hollow Tile
Furnished
Partial
Location
Corner
Neighborhood
Kapalama
Net Operating Income
210739.00
Number Of Units Total
20
Parking Features
Covered, Tandem
Parking Total
17
Property Frontage
Other
Property Type
Multi-Family
Building SqFt
10,785
Total SqFt
10,785
Status
Active
Stories
3
Total Actual Rent
$24,450
Total Annual Operating Expenses
$88,661
Total Income
$295,900
View
Mountain, Other, Sunrise, Sunset
Year Built
1970
Year Remodeled
2022

Additional Property Info

Disclosures
1031 Exchange
Days on Market
289
Flood Zone
Zone X
Laundry Facilities
Coin
Property Condition
Excellent
Roof
Custom/Specialty
Tax Amount
$3,160
Tax Assessed Value
$3,061,000
Tax Assessed Value Improvements
$967,500
Tax Assessed Value Land
$2,093,500
Topography
Level
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
Zoning
33 - BMX-3 Community Business M

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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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