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.

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

Elevators 0 Furnished Partial Laundry CoinDryerWasher Sq Ft Building 7656

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

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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.

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2016 Kapiolani Boulevard

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2016 Kapiolani Boulevard Honolulu, HI 96826

Property Description

Construction Materials	Brick Masonry/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

Elevators	0
Furnished	Partial
Laundry	Coin Dryer Washer
Sq Ft Building	7656

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	Apartments Multi Dwellings
Disclosures	1031 Exchange
Documents	Lease Documents P&L Title Search
Easements	None
Expenses Include	Excise Tax Insurance Mgmt Fee Other Property Tax Repair Maintenance Sewer Fee
Flood Zone	Zone Ao
Foreclosure YN	No
Land Recorded	Land Court
Land Tenure	Fs - Fee Simple
Listing Financing	Cash Conventional Exchange
Management Company	Self Managed
Net Operating Income	283206.00
Other Income	600.00
Possession	At Closing Subject 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 Tv Electricity
Total Actual Rent	30725.00
Total Income	375900.00
Utilities Available	Cable Gas Internet Overhead Electricity Public Water Sewer Fee Telephone Water
Utilities Meters	Electric Gas Individual Water
Zoning	12 - A-2 Medium Density Apartme