Nuuanu-lower Multi Family

Overview

Two-story hollow tile building with 5 one-bedroom units and 8 parking spaces (4 tandem) situated in a highly desirable neighborhood one block from Kuakini Hospital. Rents are below market, and all tenants have 110v outlets for their own laundry. Installing coin laundry and increasing rents will increase income for this well-maintained building. Situated above the street level of North Kuakini, this property has excellent curb appeal and access off the main road. All units are separately metered for electricity, and one master meter for CAM electric. Appraised in October 2023 for $1,460,000.

Property Details

Building Type: Apartments, Multi Dwellings
Construction Materials: Hollow Tile
Location: Corner
Neighborhood: Nuuanu-lower
Net Operating Income: 53268.00
Number Of Units Total: 5
Parking Features: Assigned
Parking Total: 5
Property Frontage: Other
Property Type: Residential Income
Building SqFt: 2,565
Total SqFt: 2,565
Status: Pending
Total Actual Rent: $6,000
Total Annual Operating Expenses: $18,732
Total Income: $72,000
Year Built: 1965

Additional Property Info

Days on Market: 67
Flood Zone: Zone X
Laundry Facilities: Individual
Property Condition: Excellent
Roof: Other
Tax Amount: $331
Tax Assessed Value: $1,136,400
Tax Assessed Value Improvements: $201,400
Tax Assessed Value Land: $935,000
Topography: Level, Up Slope
Utilities: Cable, Internet, Overhead Electricity, Sewer Fee, Water
Zoning: 11 - A-1 Low Density Apartment

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Courtesy of Christina L Dwight, Commercial Inv. Strategies.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 by HiCentral MLS, Ltd.

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Nuuanu-lower Multi Family

205 N Kuakini Street, Honolulu, Oahu 96817 Get Directions

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