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 #
202411839
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Overview

Excellent opportunity to manage up to market rents and earn a 6.55% cap! Well maintained three-story BMX-zoned building with mixed use, retail on the bottom front floor. 2 structures connected by a warehouse with 1:1 parking (9 ones, 4 twos, 1 three, and 4 retail [2 of which combine 2 spaces]). Additional parking on the King Street side of the property is used by customers and NOT counted in 17 space total. Owner recently fixed spalling and painted, and has taken excellent care of the building. Located across from King St. Post Office and a block from Farrington HS, so easy access to downtown and freeway in all directions.

Property Details

Amenities
Storage
Building Type
Apartments, Multi Dwellings
Number of Commercial Spaces
6
Construction Materials
Hollow Tile
Furnished
Partial
Location
Corner
Neighborhood
Kapalama
Net Operating Income
225637.00
Number Of Units Total
17
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
$25,750
Total Annual Operating Expenses
$89,363
Total Income
$315,000
View
City, Mountain, Other, Sunrise
Year Built
1970
Year Remodeled
2022

Additional Property Info

Disclosures
1031 Exchange
Days on Market
116
Flood Zone
Zone X
Laundry Facilities
Coin
Property Condition
Excellent
Roof
Other
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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