University Multi-Family

2902 Varsity Circle, Honolulu, Oahu 96826 Get Directions

$1,900,000

 

Total SqFt
1,844
Lot Size Area
6,130 SqFt
Land Tenure
Fee Simple
MLS #
202403396
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Overview

Don’t miss this rare-find two-story apartment complex with 8 EASY TO RENT studios and SOLID tenant pool, conveniently located near University of Hawaii at Manoa, Ala Moana Center, Waikiki, restaurants, hospitals, businesses, and bus lines, with easy access to major roads and freeways. This apartment has 8 separate electric meters, 6-8 parking spaces (depending on the size of the cars), coin-operated laundry, quiet interiors despite close proximity to the freeway, green surroundings as it directly faces an empty field maintained by UH, and cul-de-sac location, which means private living, less crowded, and safer environment. All units have ceramic tile flooring and identical designs with maximum rentability. Excellent investment opportunity! Jump on this great deal before it disappears! Property to be conveyed As Is, Where Is.

Property Details

Building Type
Apartments
Construction Materials
Concrete
Location
Cul-De-Sac, Inside
Neighborhood
University
Net Operating Income
80000.00
Number Of Units Total
8
Parking Features
Open
Parking Total
8
Property Type
Multi-Family
Building SqFt
1,844
Total SqFt
1,844
Status
Active
Stories
2
Total Actual Rent
$9,600
Total Annual Operating Expenses
$37,000
Total Income
$117,000
View
Other
Year Built
1954
Year Remodeled
1960

Additional Property Info

Disclosures
None, Call Listor
Elementary School
Lunalilo
Flood Zone
Zone X
High School
Kaimuki
Laundry Facilities
Coin, Dryer, Washer
Middle/Junior School
Washington
Property Condition
Average
Roof
Composition
Tax Amount
$429
Tax Assessed Value
$1,470,900
Tax Assessed Value Improvements
$143,600
Tax Assessed Value Land
$1,327,300
Topography
Level
Utilities
Cable, Internet, Overhead Electricity, Public Water, Sewer Fee, Water
Zoning
11 - A-1 Low Density Apartment

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Listing Courtesy of Kona Realty All Islands LLC Courtesy of Brigida A Schmidt, Kona Realty All Islands LLC.
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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