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2319 Ala Wai Boulevard

Honolulu, HI 96815
  • $8,000,000
  • STATUS: Active
  • ON SITE: 31 Days
  • MLS #: 202119790
UPDATED: 78 min ago
$8,000,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1947
County:
Area:

School Ratings & Info

Description

The Ala Wai consists of two (2) multi-family buildings containing twenty-one (21) apartments, ten (10) parking stalls, and coin operated community laundry. Centrally located in Waikiki, the states most popular tourist destination, The Ala Wai is located on a highly traveled roadway with convenient access to amenities such as hotels, restaurants, shopping, entertainment, recreational areas and world famous Waikiki Beach.The offering includes fee simple interest in both buildings together with 7,907 square feet of land zoned apartment precinct. With a stable long-term tenant mix, this is a relatively low-risk investment opportunity and priced accordingly with plenty of upside as rents have not been increased since March 2020 due to the Governors 21st Proclamation related to Covid-19.

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© 2021 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/121434941
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2319 Ala Wai Boulevard Honolulu, HI 96815

  • Price: $8,000,000
  • Status: Active
  • Updated: 78 min ago
  • MLS #: 202119790
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1947
Built
Neighborhood:
Waikiki
County:
Oahu
Area:
Metro
Property Description
The Ala Wai consists of two (2) multi-family buildings containing twenty-one (21) apartments, ten (10) parking stalls, and coin operated community laundry. Centrally located in Waikiki, the states most popular tourist destination, The Ala Wai is located on a highly traveled roadway with convenient access to amenities such as hotels, restaurants, shopping, entertainment, recreational areas and world famous Waikiki Beach.The offering includes fee simple interest in both buildings together with 7,907 square feet of land zoned apartment precinct. With a stable long-term tenant mix, this is a relatively low-risk investment opportunity and priced accordingly with plenty of upside as rents have not been increased since March 2020 due to the Governors 21st Proclamation related to Covid-19.
Exterior Features

Construction Materials Concrete BlockOtherSee Remarks Loading None Parking AssignedOn SiteStreet Parking Total 10 Property Frontage Main StreetOther Roof Other Stories 4-7

Interior Features

Cooling None Floors Other Sq Ft Other 2894 Sq Ft Total 10692

Property Features

Amenities Other Annual Expenses 143971.00 Assessed Value Improvements 1571900.00 Assessed Value Land 2767500.00 Assessed Value Total 4339400.00 Building Name N/A Business Type Condo/Apt Commercial Space No Disclosures NoneSee Remarks Documents Lease DocumentsP&LTitle Search Easements SewerUtility Expenses Source Broker Flood Zone Zone Ae Foreclosure YN No Income Source BrokerOther Land Recorded Dual Systems Land Tenure Fs - Fee Simple Lease Type CashOther Listing Financing See Remarks Management Company Hawaii Sands Realty Net Operating Income 229725.00 Property Condition Average Property Type 96815 Sewer Connected Special Sale Conditions None Tax Amount 1241.00 Tax Paid By Seller Yes Tax Year 2021 Tenant Pays ElectricityLiability InsOther Total Actual Rent 29540.00 Utilities Available GasLight ElectricitySmall Water Meter Zoning X2 - Apartment Precinct

Listings provided courtesy of Hawaii Sands Realty.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2021-10-17T01:58:35.853. Information is deemed reliable but not guaranteed. Copyright: 2021 by HiCentral MLS, Ltd.


© 2021 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