209 Kaiulani Avenue

    Honolulu, HI 96815
    • $5,100,000
    • STATUS: Active Under Contract
    • ON SITE: 90 days
    • MLS #: 201922929
    Under Contract
    UPDATED: 30 min ago
    $5,100,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,511
      SQFT
    • $679
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1946
    County:
    Area:

    School Ratings & Info

    Description

    IN ESCROW BEFORE LISTED. Irreplaceable TROPHY LOCATION at the corner of Kaiulani and Kuhio Avenues in the heart of Hawaiis #1 tourist destination, Waikiki. Below-market rents provide tremendous upside potential for a buyer! 7 on-site parking stalls (2 may not be to code) with ample additional street parking in the area. Extremely supply-constrained submarket with virtually no land available for development. Located in a strong rental market within Honolulu which has experienced 27% growth in rents over the past 5 years Sturdy brick construction. Possible conversion to condominium or student housing.Potential repositioning opportunity as a hospitality use through rezoning or conditional use permit. Some information is subject to confirmation from Seller.

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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 Keller Williams Honolulu.

    Licensed in the State of Hawaii, USA.
    www.realtyinhawaii.com/homes/97958525

    209 Kaiulani Avenue Honolulu, HI 96815

    • Price: $5,100,000
    • Status: Active Under Contract
    • Updated: 30 min ago
    • MLS #: 201922929
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    7,511
    SQFT
    $679
    $/SQFT
    1946
    Built
    Neighborhood:
    Waikiki
    County:
    Oahu
    Area:
    Metro
    Property Description
    IN ESCROW BEFORE LISTED. Irreplaceable TROPHY LOCATION at the corner of Kaiulani and Kuhio Avenues in the heart of Hawaiis #1 tourist destination, Waikiki. Below-market rents provide tremendous upside potential for a buyer! 7 on-site parking stalls (2 may not be to code) with ample additional street parking in the area. Extremely supply-constrained submarket with virtually no land available for development. Located in a strong rental market within Honolulu which has experienced 27% growth in rents over the past 5 years Sturdy brick construction. Possible conversion to condominium or student housing.Potential repositioning opportunity as a hospitality use through rezoning or conditional use permit. Some information is subject to confirmation from Seller.
    Exterior Features

    Construction Materials Brick Location Corner Lot Description Other Other Parking None Parking Covered Parking Total 7 Roof Asphalt Shingle Stories Three Topography Level View None

    Interior Features

    Elevators 0 Furnished Partial Laundry Coin Sq Ft Building 7511

    Property Features

    1 Bed Units 2 2 Bed Units 0 3 Or More Bed Units 0 Amenities None Annual Expenses 24175.00 Assessed Value Improvements 756900.00 Assessed Value Land 1693400.00 Assessed Value Total 2450300.00 Building Type Apartments Disclosures None Documents P&LSurveyTitle Search Easements None Expenses Include Mgmt FeeProperty Tax Flood Zone Zone Ae Land Recorded Land Court Land Tenure Fs - Fee Simple Listing Financing Cash Net Operating Income 133025.00 Other Income 0.00 Possession At Closing Property Condition Fair Recreation Facilities None Set Backs None Sewer Connected Special Sale Conditions None Studio Units 15 Tax Amount 704.65 Tax Paid By Seller No Tax Year 2019 Tenant Pays Cable TvElectricityParking Total Actual Rent 13100.00 Total Income 157200.00 Utilities Available InternetOtherWater Utilities Meters Electric Zoning X2 - Apartment Precinct

    Listings provided courtesy of Standard Management Llc.
    Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2019-11-14T01:58:52.827. 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 Keller Williams Honolulu.

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