2144 Kauhana Street

    Honolulu, HI 96816
    • $2,250,000
    • STATUS: Active
    • ON SITE: 62 days
    • MLS #: 201926363
    UPDATED: 61 min ago
    $2,250,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 5,416
      SQFT
    • $415
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1947
    County:
    Area:

    School Ratings & Info

    Description

    Excellent opportunity to own apartment building with parking and commercial space in Palolo! TWO LOTS: 2144 Kauhana lot is 8 units: 7 ones and 1 permitted comm space (previously a convenience store, now an officesee attachments) on 5,005sf, taxed at B-2 zoned rate (legal, non-conforming). Commercial tenant has options to stay until 2022. All but 1 apartment tenants are MTM. 2141 Palolo lot is vacant lot of 4,875sf taxed at R5 zoned rate, currently used for parking. All units occupied, AND a commercial laundromat across the street (laundry hookups, if you want to install). NOI for the property is ACTUAL with seasoned leases and no vacancy. *encroachment agreementsee attachments

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    © 2019 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 Barnes Hawaii | Elite Pacific Properties.

    Licensed in the State of Hawaii, USA.
    www.barneshawaii.com/homes/99011735

    2144 Kauhana Street Honolulu, HI 96816

    • Price: $2,250,000
    • Status: Active
    • Updated: 61 min ago
    • MLS #: 201926363
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    5,416
    SQFT
    $415
    $/SQFT
    1947
    Built
    Neighborhood:
    Palolo
    County:
    Oahu
    Area:
    Diamondhd
    Property Description
    Excellent opportunity to own apartment building with parking and commercial space in Palolo! TWO LOTS: 2144 Kauhana lot is 8 units: 7 ones and 1 permitted comm space (previously a convenience store, now an officesee attachments) on 5,005sf, taxed at B-2 zoned rate (legal, non-conforming). Commercial tenant has options to stay until 2022. All but 1 apartment tenants are MTM. 2141 Palolo lot is vacant lot of 4,875sf taxed at R5 zoned rate, currently used for parking. All units occupied, AND a commercial laundromat across the street (laundry hookups, if you want to install). NOI for the property is ACTUAL with seasoned leases and no vacancy. *encroachment agreementsee attachments
    Exterior Features

    Construction Materials ConcreteMasonry/StuccoWood Frame Location Corner Lot Description Clear Other Parking 10+ Spaces Parking Assigned Parking Total 10 Property Frontage Other Roof Asphalt Shingle Stories Two Topography Gentle SlopeLevel View Mountain

    Interior Features

    Elevators 0 Furnished Partial Laundry NoneOther Remodeled Year 1962 Sq Ft Building 5416

    Property Features

    1 Bed Units 7 2 Bed Units 0 3 Or More Bed Units 0 Amenities None Annual Expenses 51426.06 Assessed Value Improvements 251100.00 Assessed Value Land 1520700.00 Assessed Value Total 1771800.00 Building Type ApartmentsMulti Dwellings Disclosures 1031 Exchange Documents Lease DocumentsP&LTitle Search Easements Sewer Expenses Include Excise TaxInsuranceMgmt FeeOtherProperty TaxRepair MaintenanceSewer Fee Flood Zone Zone X Land Recorded Regular System Land Tenure Fs - Fee Simple Listing Financing CashConventionalExchange Management Company Tom Won Net Operating Income 101632.39 Other Income 0.00 Possession At ClosingSubject To Tenancy Property Condition Excellent Recreation Facilities None Set Backs None Sewer Connected Special Sale Conditions None Studio Units 0 Tax Amount 1439.48 Tax Paid By Seller No Tax Year 2018 Tenant Pays Electricity Total Actual Rent 12755.00 Total Income 153958.44 Utilities Available CableGasInternetOverhead ElectricityPublic WaterSewer FeeTelephoneWater Utilities Meters AcElectricGasIndividualWater Zoning 05 - R-5 Residential District

    Listings provided courtesy of Commercial Inv. Strategies.
    Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2019-11-18T08:58:38.667. Information is deemed reliable but not guaranteed. Copyright: 2019 by HiCentral MLS, Ltd.


    © 2019 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 Barnes Hawaii | Elite Pacific Properties.

    Licensed in the State of Hawaii, USA.
     
    Barnes Hawaii | Elite Pacific Properties
    4211 Waialae Ave. #106
    Honolulu HI, 96816