Bought with OahuRE.com
$2,400,000
$2,460,000
2.4%For more information regarding the value of a property, please contact us for a free consultation.
SOLD DATE : 10/27/2023
Key Details
Sold Price $2,400,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Kapahulu
MLS Listing ID 202320785
Sold Date 10/27/23
Construction Status Average Condition
Year Built 1949
Annual Tax Amount $30,504
Property Description
Rarely available opportunity in Kapahulu! Priced attractively at tax-assessed value. B-2 Zoned with 3 structures & 4 units: a 957 sf Retail Shop, a 780 sf 2/1 Single Family Home, and a 1,276 sf Duplex with two 638 sf 2/1 units. Two carports with a total of 5 parking, plus street parking. Ready to go with 5 electrical meters. Super convenient and desirable location only 0.9 miles to the closest freeway onramp, and 0.9 miles to "walls" at world famous Waikiki Beach, plus a plethora of eateries in the immediate area. All units are vacant except for Duplex A; tenant will vacate at closing. Make use of the property quickly with a few repairs, make some upgrades for increased revenue, or explore the option to redevelop affordable rental units under Bill 7 to maximize the property's highest & best use. Historical income numbers are below market, as family has lived in 2 units rent-free for years, leaving you plenty of upside. Property is being sold Strictly As-Is. Bath count (3.5) does not match city records (3). Structures have deferred maintenance, buyers to conduct their own due diligence. Please do not disturb tenants. Act quickly. Don't miss your chance to own this amazing property!
Location
State HI
County Oahu
Area Diamondhd
Interior
Cooling Central Air
Fireplace No
Appliance Dryer
Exterior
Parking Features Covered, Open
Community Features None
Utilities Available Cable Available, High Speed Internet Available, Sewer Available, Water Available, Sewer Connected
View Y/N Yes
View Mountain(s)
Total Parking Spaces 5
Building
Lot Description Cleared, Corner Lot, Level
Entry Level One
Sewer Connected
Water Public
Level or Stories One
Construction Status Average Condition
Others
Tax ID 1-3-1-012-015-0000
Financing Cash
Special Listing Condition None
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