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2016 Kapiolani Boulevard

Honolulu, HI 96826
  • $5,500,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 202211079
UPDATED: 27 min ago
$5,500,000
  • 0
    BEDS
  • 0.23
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,656
    SQFT
  • $718
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1958
County:
Area:

School Ratings & Info

Description

Location, location, location: blocks from Ala Moana, UH Manoa, and Waikiki, Dont miss this once in a lifetime opportunity to own a super desirable, centrally located, two- building property with 22 units. Unit mix: 12 studios and 10 one-bedrooms with a shared driveway to be sold as a package with 2 identical buildings with TWO TMKs on Kapiolani Blvd: 1-2-7-003-006 & 1-2-7-003-061 each consisting of 5,000sf lots with interiors of 3,828sf each. Separately metered electricity, and gas and two water meters. Value-add opportunity with excellent potential upside as rents are below market with some vacant units. Financials show noted here are pro forma ONLY. To be sold as is, where is.

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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 Keller Williams Honolulu.

Licensed in the State of Hawaii, USA.
www.realtyinhawaii.com/homes/129792985
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2016 Kapiolani Boulevard Honolulu, HI 96826

  • Price: $5,500,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 27 min ago
  • MLS #: 202211079
0
Beds
0
Baths
0
½ Baths
0.23
Acres
7,656
SQFT
$718
$/SQFT
1958
Built
Neighborhood:
Moiliili
County:
Oahu
Area:
Metro
Property Description
Location, location, location: blocks from Ala Moana, UH Manoa, and Waikiki, Dont miss this once in a lifetime opportunity to own a super desirable, centrally located, two- building property with 22 units. Unit mix: 12 studios and 10 one-bedrooms with a shared driveway to be sold as a package with 2 identical buildings with TWO TMKs on Kapiolani Blvd: 1-2-7-003-006 & 1-2-7-003-061 each consisting of 5,000sf lots with interiors of 3,828sf each. Separately metered electricity, and gas and two water meters. Value-add opportunity with excellent potential upside as rents are below market with some vacant units. Financials show noted here are pro forma ONLY. To be sold as is, where is.
Exterior Features

Construction Materials BrickMasonry/Stucco Location Inside Lot Description Clear Other Parking None Parking Open Parking Total 6 Property Frontage Other Roof Custom/Specialty Stories Two Topography Level View None

Interior Features

Elevators 0 Furnished Partial Laundry CoinDryerWasher Sq Ft Building 7656

Property Features

1 Bed Units 10 2 Bed Units 0 3 Or More Bed Units 0 Amenities None Annual Expenses 92694.00 Assessed Value Improvements 315000.00 Assessed Value Land 2400000.00 Assessed Value Total 2715000.00 Building Type ApartmentsMulti Dwellings Disclosures 1031 Exchange Documents Lease DocumentsP&LTitle Search Easements None Expenses Include Excise TaxInsuranceMgmt FeeOtherProperty TaxRepair MaintenanceSewer Fee Flood Zone Zone Ao Foreclosure YN No Land Recorded Land Court Land Tenure Fs - Fee Simple Listing Financing CashConventionalExchange Management Company Self Managed Net Operating Income 283206.00 Other Income 600.00 Possession At ClosingSubject To Tenancy Property Condition Needs Major Repair Recreation Facilities None Set Backs C&C Sewer Connected Special Sale Conditions None Studio Units 12 Tax Amount 9238.00 Tax Paid By Seller Yes Tax Year 2022 Tenant Pays Cable TvElectricity Total Actual Rent 30725.00 Total Income 375900.00 Utilities Available CableGasInternetOverhead ElectricityPublic WaterSewer FeeTelephoneWater Utilities Meters ElectricGasIndividualWater Zoning 12 - A-2 Medium Density Apartme

Listings provided courtesy of Commercial Inv. Strategies.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2022-06-26T09:58:44.887. 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 Keller Williams Honolulu.

Licensed in the State of Hawaii, USA.
 
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Keller Williams Honolulu
1347 Kapiolani Blvd, 3rd Floor
Honolulu HI, 96814