Kaimuki Multi-Family

1003 3rd Avenue, Honolulu, Oahu 96816 Get Directions

$2,888,000

 

Lot Size Area
15,600 SqFt
Land Tenure
Fee Simple
MLS #
202413986
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Overview

HUGE PRICE REDUCTION! Investor's gem in the highly desired Kaimuki area. This rare opportunity with a lot size of 15,600 sq. ft. in a R-3.5 zone. The property currently has a total of 12 rental units (5 Studios, 6 One Bedroom, 1 Two Bedroom). 5 separate structures on a corner block of your own stretching from 3rd Ave to Palima Pl., across Pahoa Ave. Property has 11 individual electric meters, 11 individual gas meters, and 2 water meters. Conveniently located near freeway on/off ramps, handful of restaurants and businesses on Waialae Ave. & Kapahulu Ave, Market City Shopping Center, Kapahulu Shopping Center, Waikiki. Buyers to do their own due diligence. Photos with outlines are only for general guidelines and do not depict actual lot boundaries. ALL SHOWINGS ARE BY APPOINTMENT ONLY, PLEASE DO NOT ENTER THE PREMISES AND DISTURB THE TENANTS.

Property Details

Amenities
None, A/C
Building Type
Multi Dwellings
Construction Materials
Single Wall
Furnished
Partial
Location
Other
Neighborhood
Kaimuki
Net Operating Income
162023.00
Number Of Units Total
12
Parking Features
Open
Parking Total
12
Property Frontage
Other
Property Type
Multi-Family
Status
Active
Stories
2
Total Actual Rent
$16,185
Total Annual Operating Expenses
$32,197
Total Income
$194,220
View
City, Other
Year Built
1942

Additional Property Info

Days on Market
29
Flood Zone
Zone X
Laundry Facilities
None, Individual
Property Condition
Average
Roof
Asphalt Shingle, Other
Tax Amount
$864
Tax Assessed Value
$2,961,100
Tax Assessed Value Improvements
$234,600
Tax Assessed Value Land
$2,726,500
Topography
Gentle Slope, Level
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Water
Zoning
07 - R-3.5 Residential District

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Listing Courtesy of Five Star Realty, Inc. Courtesy of Brian Chua, Five Star Realty, Inc..
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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