No Name Commercial

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 #
202415898
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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 a 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 Name
No Name
Business Type
Condo/Apt
Construction Materials
Other, Wood Frame
Flooring
Other
Neighborhood
Moiliili
Net Operating Income
-8117.00
Number Of Units Total
8
Parking Features
Assigned
Property Frontage
Main Street, Side Street
Property Type
Commercial/Industrial
Interior 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
Relative of Licensee
Days on Market
21
Flood Zone
Zone A
Property Condition
Average, Fair
Roof
Composition, Other
Tax Amount
$830
Tax Assessed Value
$2,846,700
Tax Assessed Value Improvements
$135,900
Tax Assessed Value Land
$2,710,800
Utilities
Gas, Light Electricity
Zoning
12 - A-2 Medium Density Apartme

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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.

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