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1313 Ahiahi Street

Honolulu, HI 96817
  • $2,025,000
  • STATUS: Active
  • ON SITE: 91 Days
  • MLS #: 202303645
Price Reduced
UPDATED: 27 min ago
$2,025,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,224
    SQFT
  • $628
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1964
County:
Area:

School Ratings & Info

Description

Where else can you earn a 5.65% Cap Rate on Existing Income & Expenses IN TOWN?? Rarely available neighborhood with excellent return. Clean, well-positioned building with easy access to the freeway in all directions. Seasoned, stable income from long-term tenants with well-tended plants make this building extremely welcoming, warm, and easy to rent. Brand new paint and spacious units with nice layout. Legal, non-conforming use means you can get a loan on all 8 units despite the zoning. Hollow tile construction, all tenants are separately metered for electric, one water meter.

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© 2023 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings 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.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Compass.

Licensed in the State of Hawaii, USA.
www.barneshawaii.com/homes/137493858
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1313 Ahiahi Street Honolulu, HI 96817

  • Price: $2,025,000
  • Status: Active
  • On Site: 91 Days
  • Updated: 27 min ago
  • MLS #: 202303645
0
Beds
0
Baths
0
½ Baths
0.11
Acres
3,224
SQFT
$628
$/SQFT
1964
Built
Neighborhood:
Kamehameha Heights
County:
Oahu
Area:
Metro
Property Description
Where else can you earn a 5.65% Cap Rate on Existing Income & Expenses IN TOWN?? Rarely available neighborhood with excellent return. Clean, well-positioned building with easy access to the freeway in all directions. Seasoned, stable income from long-term tenants with well-tended plants make this building extremely welcoming, warm, and easy to rent. Brand new paint and spacious units with nice layout. Legal, non-conforming use means you can get a loan on all 8 units despite the zoning. Hollow tile construction, all tenants are separately metered for electric, one water meter.
Exterior Features

Construction Materials Hollow TileMasonry/Stucco Location Inside Lot Description Clear Other Parking None Parking AssignedOpen Parking Total 6 Property Frontage Other Roof Custom/Specialty Stories Two Topography Gentle Slope View None

Interior Features

Elevators 0 Furnished Partial Laundry Individual Remodeled Year 2023 Sq Ft Building 3224

Property Features

1 Bed Units 8 2 Bed Units 0 3 Or More Bed Units 0 Amenities None Annual Expenses 22315.00 Assessed Value Improvements 176400.00 Assessed Value Land 617500.00 Assessed Value Total 793900.00 Building Type ApartmentsMulti Dwellings Disclosures 1031 ExchangeLicensed Owner Documents Lease DocumentsP&LSurveyTitle Search Easements Driveway Expenses Include Excise TaxInsuranceOtherProperty TaxRepair MaintenanceSewer Fee Flood Zone Zone X Foreclosure YN No Land Recorded Land Court Land Tenure Fs - Fee Simple Listing Financing CashConventionalExchange Management Company Self Managed Net Operating Income 114485.00 Other Income 0.00 Possession At ClosingSubject To Tenancy Property Condition Above Average Recreation Facilities None Set Backs C&COf Record Sewer Connected Special Sale Conditions None Studio Units 0 Tax Amount 231.55 Tax Annual Amount 2778.60 Tax Paid By Seller No Tax Year 2022 Tenant Pays Cable TvElectricityWater Total Actual Rent 11400.00 Total Income 136800.00 Utilities Available CableGasInternetOverhead ElectricityPublic WaterSewer FeeTelephoneWater Utilities Meters ElectricIndividualWater Zoning 05 - R-5 Residential District

Listings provided courtesy of Commercial Inv. Strategies: (808) 429-1098.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2023-06-06T17:58:50.113. Information is deemed reliable but not guaranteed. Copyright: 2023 by HiCentral MLS, Ltd.


© 2023 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings 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.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Compass.

Licensed in the State of Hawaii, USA.
 
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Compass
1586 Mokulua Dr.
Kailua HI, 96734