Salt Lake Multi-Family

3206 Ala Ilima Streets 30 Units, Honolulu, Oahu 96818 Get Directions

$11,000,000

 

Total SqFt
8,096
Lot Size Area
30,375 SqFt
Land Tenure
Fee Simple
MLS #
202403475
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Overview

FIRST TIME ON MARKET! ****$2,000,000 PRICE REDUCTION!***** Trophy 3- story concrete apartment building (24,288 sf) in Salt Lake next to Hoa Aloha Neighborhood Park. 30 units (all 2 bedrooms) on 30,375 sf of A-2 zoned land (150" height limit) and one manager's office. 28 units are 2 beds, 1 bath (768sf) while 2 corner units are larger, 2 bed, 2 bath (1,184 sf) with private lanais and washer/dryer. 38+ parking stalls. 100% occupied. Rents under market and opportunities exist for additional income streams, i.e. utility recapture/pet fees/etc. Concrete spalls repairs completed. Exterior painting in progress and to be completed by 3/01/2024. Coin operated laundry facility on site.

Property Details

Building Type
Apartments
Number of Commercial Spaces
1
Construction Materials
Concrete, Double Wall, Masonry/Stucco
Furnished
Partial
Neighborhood
Salt Lake
Net Operating Income
355540.00
Number Of Units Total
30
Parking Features
Assigned
Parking Total
38
Property Type
Multi-Family
Building SqFt
8,096
Total SqFt
8,096
Status
Active
Stories
3
Total Actual Rent
$46,625
Total Annual Operating Expenses
$214,724
Total Income
$570,264
View
City, Garden
Year Built
1973

Additional Property Info

Days on Market
44
Elementary School
Salt Lake
Flood Zone
Zone A
High School
Moanalua
Laundry Facilities
Coin, Dryer, Individual, Washer
Middle/Junior School
Moanalua
Property Condition
Above Average
Roof
Pitch & Gravel
Tax Amount
$1,632
Tax Assessed Value
$5,855,600
Tax Assessed Value Improvements
$1,966,200
Tax Assessed Value Land
$3,889,400
Topography
Level
Utilities
Cable, Gas, Internet, Public Water, Sewer Fee, Telephone, Underground Electricity, Water
Zoning
12 - A-2 Medium Density Apartme

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Listing Courtesy of CBI Residential Advisory Svcs. Courtesy of Nancy T Morton, CBI Residential Advisory Svcs..
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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