Punchbowl Multi-Family

1623 Alapai Street, Honolulu, Oahu 96813 Get Directions

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Total SqFt
9,860
Lot Size Area
10,050 SqFt
Land Tenure
Fee Simple
MLS #
202212082
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Overview

A GEM at the base of Punchbowl. This 17 unit building is poised for income potential. 7 - 1 bedroom units, 10 - 2 bedroom units. 1 beds are 480 sq ft, 2 bedrooms are either 600 or 720 sq ft depending on stack. CMU construction, concrete walls between units, individual electric meters, assigned parking, resident manager on site, great ocean and city views, very well maintained. At the end of Alapai Street against the hills of Punchbowl provides privacy for the units and cool breezes. Laundry facilities onsite and a communal garden. Units have been upgraded as tenants moved out, all varies. Long time residents have lived in the building. First time changing hands in over 43 years. Please review financial listing packet for more information on rent roll, expenses, pro-forma, survey, floor plans etc. Amazing rental income opportunity with a solid building that has been well maintained.

Property Details

Amenities
Resident Manager
Building Type
Apartments
Construction Materials
Concrete, Hollow Tile, Other
Location
Dead End
Neighborhood
Punchbowl Area
Net Operating Income
57360.00
Number Of Units Total
17
Parking Features
Assigned
Parking Total
18
Property Type
Multi-Family
Building SqFt
9,860
Total SqFt
9,860
Status
In Escrow Showing
Stories
3
Total Actual Rent
$11,030
Total Annual Operating Expenses
$78,000
Total Income
$135,360
View
City, Coastline, Ocean
Year Built
1971

Additional Property Info

Active Continue To Show Date
07/29/2022
Disclosures
Property Disclosure Stmt
Days on Market
10
Flood Zone
Zone X
Laundry Facilities
Coin, Dryer, Washer
Property Condition
Above Average, Average
Roof
Other
Tax Amount
$763
Tax Assessed Value
$2,615,000
Tax Assessed Value Improvements
$857,500
Tax Assessed Value Land
$1,757,500
Topography
Level
Utilities
Cable, Internet, Overhead Electricity, Public Water, Water
Zoning
12 - A-2 Medium Density Apartme

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Listing Courtesy of Compass Courtesy of Melvin Leon Guerrero, Compass.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2022 by HiCentral MLS, Ltd.

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