Moiliili Multi-Family

2325 Lime Street, Honolulu, Oahu 96826 Get Directions

$3,750,000

 

Total SqFt
6,606
Lot Size Area
10,115 SqFt
Land Tenure
Fee Simple
MLS #
202415895
Request More Info
Save to My Favorites

Overview

PRIME CORNER LOT PERFECT FOR BILL 7 CONSIDERATION! This large 10,000+ sf corner lot has convenient access to public transportation, the freeway, University of Hawaii and local schools. The apartment building has eight 2-bedroom/1-bath units with mostly long-term tenants who have benefited from under-market rents. The majority of tenants are on month-to-month rental. Here’s an opportunity to upgrade units to maximize income. Or rebuild, taking advantage of the City & County’s Bill 7 and Bill 3. Buyers to do their own due diligence regarding these programs and the significant concessions available to builders. Priced at commercial appraisal dated July 10, 2024. Do not disturb tenants or walk on the property without a prior appointment.

Property Details

Building Type
Apartments
Construction Materials
Masonry/Stucco, Wood Frame
Location
Corner
Neighborhood
Moiliili
Net Operating Income
-8117.00
Number Of Units Total
8
Parking Features
Assigned, Open
Parking Total
6
Property Frontage
Other
Property Type
Multi-Family
Building SqFt
6,606
Total SqFt
6,606
Status
Active
Stories
2
Total Actual Rent
$6,795
Total Annual Operating Expenses
$89,652
Total Income
$81,535
Year Built
1944

Additional Property Info

Disclosures
1031 Exchange, Relative of Licensee
Days on Market
21
Flood Zone
Zone A
Property Condition
Average, Fair
Roof
Composition
Tax Amount
$830
Tax Assessed Value
$2,846,700
Tax Assessed Value Improvements
$135,900
Tax Assessed Value Land
$2,710,800
Topography
Level
Utilities
Cable, Gas, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
Zoning
12 - A-2 Medium Density Apartme

Location (Also shows similar listings) Get Directions

Loading map...

Listing Courtesy of Compass Courtesy of Sue Ann SH Lee, Compass.
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.

Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.