Punchbowl-lower Multi-Family

1463 Lusitana Street, Honolulu, Oahu 96813 Get Directions

$8,350,000

 

Total SqFt
14,593
Lot Size Area
11,697 SqFt
Land Tenure
Fee Simple
MLS #
202421815
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Overview

20-unit fully renovated CMU apartment building in the heart of Honolulu with 20 covered parking stalls! Property is 100% leased and provides excellent, stable cash flow with income/expenses stated being based on in-place leases and budgeted expenses for the year. Property underwent a full renovation in 2021-2022 which included roof re-coating, new fences/security gates as well as a roll-down parking gate. Interior luxury finishes were completed in each unit with new paint, flooring, cabinets, counters, light and plumbing fixtures. This is an extremely rare opportunity to acquire a large, stabilized apartment building in town!

Property Details

Amenities
A/C
Building Type
Apartments
Construction Materials
Above Ground, Hollow Tile
Location
Inside
Neighborhood
Punchbowl-lower
Net Operating Income
401746.00
Number Of Units Total
20
Parking Features
Assigned, Covered
Parking Total
20
Property Frontage
Other
Property Type
Multi-Family
Building SqFt
14,593
Total SqFt
14,593
Status
Active
Total Actual Rent
$41,555
Total Annual Operating Expenses
$154,514
Total Income
$556,260
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City
Year Built
1974
Year Remodeled
2002

Additional Property Info

Disclosures
1031 Exchange, Licensed Owner, Pet on Property
Elementary School
Royal
Flood Zone
Zone X
High School
Mckinley
Laundry Facilities
Coin
Middle/Junior School
Keelikolani
Property Condition
Excellent
Roof
Other
Tax Amount
$1,135
Tax Assessed Value
$3,890,300
Tax Assessed Value Improvements
$1,785,500
Tax Assessed Value Land
$2,104,800
Topography
Level
Utilities
Cable, Internet, Overhead Electricity, Public Water, Telephone, Water
Zoning
12 - A-2 Medium Density Apartme

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Listing Courtesy of Standard Management LLC Courtesy of Michael M Okamoto, Standard Management 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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