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1651 Frog Lane

Honolulu, HI 96817
  • $5,000,000
  • STATUS: Active
  • ON SITE: 90 Days
  • MLS #: 202203072
UPDATED: 81 min ago
$5,000,000
  • 0
    BEDS
  • 0.24
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,316
    SQFT
  • $485
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1969
County:
Area:

School Ratings & Info

Description

Wow 4.87% cap rate! Prime 3 story solid hollow tile building seldom available for sale in great Town location near Nuuanu, Liliha, Kuakini. Large level lot offers 18 parking spaces (some covered) for 13 two bedroom and 2 three bedroom apartment units, total 15 units. The property is in good condition and some units renovated, all in move in condition. Stable tenant history with chance to raise rents to improve already impressive cash flow. Separate coin laundry with 3 washers and dryers for added income. Centralized gas heating system for all tenants. Newly paved street with easy access off Liliha. Please Do Not bother any tenants or go to the property without appointment.

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© 2022 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/125866414
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1651 Frog Lane Honolulu, HI 96817

  • Price: $5,000,000
  • Status: Active
  • On Site: 90 Days
  • Updated: 81 min ago
  • MLS #: 202203072
0
Beds
0
Baths
0
½ Baths
0.24
Acres
10,316
SQFT
$485
$/SQFT
1969
Built
Neighborhood:
Kuakini
County:
Oahu
Area:
Metro
Property Description
Wow 4.87% cap rate! Prime 3 story solid hollow tile building seldom available for sale in great Town location near Nuuanu, Liliha, Kuakini. Large level lot offers 18 parking spaces (some covered) for 13 two bedroom and 2 three bedroom apartment units, total 15 units. The property is in good condition and some units renovated, all in move in condition. Stable tenant history with chance to raise rents to improve already impressive cash flow. Separate coin laundry with 3 washers and dryers for added income. Centralized gas heating system for all tenants. Newly paved street with easy access off Liliha. Please Do Not bother any tenants or go to the property without appointment.
Exterior Features

Construction Materials Hollow Tile Location Dead End Lot Description Clear Other Parking 10+ Spaces Parking AssignedCoveredOpen Parking Total 18 Roof Pitch & Gravel Stories Three Topography Level View None

Interior Features

Furnished Partial Laundry CoinDryerWasher Sq Ft Building 10316

Property Features

1 Bed Units 0 2 Bed Units 13 3 Or More Bed Units 2 Amenities None Annual Expenses 52716.00 Assessed Value Improvements 767900.00 Assessed Value Land 1608500.00 Assessed Value Total 2376400.00 Building Type Apartments Disclosures None Documents Lease DocumentsSurveyTitle Search Easements None Expenses Include Excise TaxInsuranceProperty TaxSewer Fee Flood Zone Zone X Foreclosure YN No Land Recorded Dual Systems Land Tenure Fs - Fee Simple Listing Financing CashConventionalExchange Net Operating Income 245112.00 Other Income 800.00 Possession At ClosingSubject To Tenancy Property Condition Average Set Backs C&COf Record Sewer Connected Special Sale Conditions None Studio Units 0 Tax Amount 693.00 Tax Paid By Seller No Tax Year 2021 Tenant Pays Cable TvElectricity Total Actual Rent 24019.00 Total Income 24819.00 Utilities Available CableInternetOverhead ElectricityTelephoneWater Utilities Meters ElectricGasIndividualWater Zoning 11 - A-1 Low Density Apartment

Listings provided courtesy of Five Star Realty, Inc..
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2022-05-16T23:58:47.843. Information is deemed reliable but not guaranteed. Copyright: 2022 by HiCentral MLS, Ltd.


© 2022 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