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2517 Ala Wai Boulevard

Honolulu, HI 96815
  • $4,500,000
  • STATUS: Active
  • ON SITE: 71 Days
  • MLS #: 202219963
UPDATED: 64 min ago
$4,500,000
  • 0
    BEDS
  • 0.17
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 6,259
    SQFT
  • $719
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1942
County:
Area:

School Ratings & Info

Description

Waikiki Opportunity knocks! Amazing chance to buy a 19 unit apartment building on the Ala Wai canal with excellent cash flow and all units occupied with stable tenant base. Legally 16 units, but 19 existing. Nicely maintained interiors with good layouts w excellent functionality. Coin washer and dryer, resident manager, trash service. Shared driveway on Ewa side, some separate meters for electric, though owner pays 7 electric bills, gas, and water. Bill 7 opportunity to build with 37 units; plans and contacts available with accepted offer. No showings without accepted offer. Do not walk property nor disturb the tenants.

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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/133361866
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2517 Ala Wai Boulevard Honolulu, HI 96815

  • Price: $4,500,000
  • Status: Active
  • On Site: 71 Days
  • Updated: 64 min ago
  • MLS #: 202219963
0
Beds
0
Baths
0
½ Baths
0.17
Acres
6,259
SQFT
$719
$/SQFT
1942
Built
Neighborhood:
Waikiki
County:
Oahu
Area:
Metro
Property Description
Waikiki Opportunity knocks! Amazing chance to buy a 19 unit apartment building on the Ala Wai canal with excellent cash flow and all units occupied with stable tenant base. Legally 16 units, but 19 existing. Nicely maintained interiors with good layouts w excellent functionality. Coin washer and dryer, resident manager, trash service. Shared driveway on Ewa side, some separate meters for electric, though owner pays 7 electric bills, gas, and water. Bill 7 opportunity to build with 37 units; plans and contacts available with accepted offer. No showings without accepted offer. Do not walk property nor disturb the tenants.
Exterior Features

Construction Materials Wood Frame Location Inside Lot Description Clear Other Parking None Parking AssignedCoveredOpen Parking Total 3 Property Frontage Golf CourseStream/CanalWaterfront Roof Asphalt ShingleComposition Stories Two Topography Level View Marina/CanalSunrise

Interior Features

Elevators 0 Furnished Partial Laundry CoinDryerOtherWasher Remodeled Year 2021 Sq Ft Building 6259

Property Features

1 Bed Units 3 2 Bed Units 0 3 Or More Bed Units 0 Amenities Resident Manager Annual Expenses 73613.00 Assessed Value Improvements 196500.00 Assessed Value Land 2616600.00 Assessed Value Total 2813100.00 Building Type ApartmentsMulti Dwellings Disclosures 1031 ExchangePet On Property Documents Lease DocumentsP&LSurveyTitle Search Easements None Expenses Include Excise TaxInsuranceOtherProperty TaxRepair MaintenanceSewer Fee Flood Zone Zone Ae Foreclosure YN No Land Recorded Land Court Land Tenure Fs - Fee Simple Listing Financing CashConventionalExchange Management Company Resident Manager Net Operating Income 188347.00 Other Income 0.00 Possession At ClosingSubject To Tenancy Property Condition Above Average Recreation Facilities None Set Backs None Sewer Connected Special Sale Conditions None Studio Units 16 Tax Amount 818.47 Tax Paid By Seller Yes Tax Year 2022 Tenant Pays NoneElectricity Total Actual Rent 21830.00 Total Income 261960.00 Utilities Available CableGasInternetOverhead ElectricityPublic WaterSewer FeeTelephoneWater Utilities Meters ElectricGasIndividualWater Zoning X2 - Apartment Precinct

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 2022-12-04T08:58:42.03. 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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1586 Mokulua Dr.
Kailua HI, 96734