Makiki Multi-Family

1568 Pensacola Street, Honolulu, Oahu 96822 Get Directions

SOLD

 

Total SqFt
1,744
Lot Size Area
7,185 SqFt
Land Tenure
Fee Simple
MLS #
202018096
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Overview

Location, Location, Location. Excellent investment opportunity with easy access to Ala Moana, Punahou, Punchbowl, Downtown, and the freeway in all directions. Apartment-zoned, not a tear-down, but ripe for re-development. Bill 7 possibility with stable, existing income from 2 tenants of just under $4,500/mo. Collect the rent while going for permits—land cost breaks down to approximately $235/sf with unbeatable location, 60’ height limit. Drive by today to understand the full possibility of the lot.

Property Details

Building Type
Multi Dwellings
Sold Date
03/16/2021
Sold Price
$1,388,000
Construction Materials
Above Ground, Wood Frame
Furnished
Partial
Location
Inside
Neighborhood
Makiki Area
Net Operating Income
35873.06
Number Of Units Total
2
Parking Features
Assigned, Covered
Parking Total
3
Property Frontage
Other
Property Type
Multi-Family
Building SqFt
1,744
Total SqFt
1,744
Status
Sold
Stories
1
Total Actual Rent
$4,475
Total Annual Operating Expenses
$17,827
Total Income
$53,700
View
City
Year Built
1919

Additional Property Info

Active Continue To Show Date
01/21/2021
Days on Market
107
Flood Zone
Zone X
Property Condition
Above Average
Roof
Composition
Tax Amount
$471
Tax Assessed Value
$1,615,600
Tax Assessed Value Improvements
$88,700
Tax Assessed Value Land
$1,526,900
Topography
Level
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
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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