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.

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

Furnished Partial Laundry CoinDryerWasher Sq Ft Building 10316

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

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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.

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1651 Frog Lane

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1651 Frog Lane Honolulu, HI 96817

Property Description

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

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 Documents Survey Title Search
Easements	None
Expenses Include	Excise Tax Insurance Property Tax Sewer Fee
Flood Zone	Zone X
Foreclosure YN	No
Land Recorded	Dual Systems
Land Tenure	Fs - Fee Simple
Listing Financing	Cash Conventional Exchange
Net Operating Income	245112.00
Other Income	800.00
Possession	At Closing Subject To Tenancy
Property Condition	Average
Set Backs	C&C Of 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 Tv Electricity
Total Actual Rent	24019.00
Total Income	24819.00
Utilities Available	Cable Internet Overhead Electricity Telephone Water
Utilities Meters	Electric Gas Individual Water
Zoning	11 - A-1 Low Density Apartment

Furnished	Partial
Laundry	Coin Dryer Washer
Sq Ft Building	10316