Bought with Coldwell Banker Realty
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Key Details
Sold Price $3,700,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Waikiki
MLS Listing ID 202415757
Sold Date 04/30/25
Construction Status Average Condition,Good Condition
HOA Y/N No
Year Built 1966
Annual Tax Amount $7,104
Property Sub-Type Multi Family
Property Description
Fee simple, 12-unit apartment building with 6 parking stalls and coin operated laundry on-site. All tenants on month-to-month leases at an average rent of $1,250, which is low for a nice, one bedroom unit in Waikiki. This prime building recently returned to the ground lessor. Take a look at the photos of each pleasant unit to see the condition – they are all 1 bedroom / 1 bathroom units. The entire property is secured around the perimeter with a gate and there is a separate, gated-off strip of land in the back which could become a garden, outdoor common area, or bark park for pets. This property offers significant value-add opportunities. By adjusting rents to market rates, investors can maximize returns and enhance the property's overall value.
Location
State HI
County Oahu
Area Metro
Interior
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Covered
Community Features None
Utilities Available Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Water Available, Sewer Connected
View Y/N No
View None
Total Parking Spaces 6
Building
Lot Description Other, Level
Entry Level Three Or More
Sewer Connected
Water Public
Level or Stories Three Or More
Construction Status Average Condition,Good Condition
Schools
Elementary Schools Ala Wai
Middle Schools Washington
High Schools Mckinley
Others
Tax ID 1-2-6-016-055-0000
Financing Cash
Special Listing Condition None
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Barbie Y. Hee (R)
Realtor, Broker In Charge | License ID: RB 18438/ BS .0145792
Realtor, Broker In Charge License ID: RB 18438/ BS .0145792