1125 Hassinger Street

    Honolulu, HI 96822
    • $2,800,000
    • STATUS: Active
    • ON SITE: 115 days
    • MLS #: 201933816
    UPDATED: 22 min ago
    $2,800,000
    • 0
      BEDS
    • 0.12
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 2,817
      SQFT
    • $994
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1928
    County:
    Area:

    School Ratings & Info

    Description

    WHERE ELSE WILL YOU FIND A 5.14% ACTUAL CAP RETURN IN TOWN??? 12 studios, 1 two-bedroom with 5 parking spaces grossing $198,900/year and an actual cap of 5.14% with the ability to increase rents! New paint and doors, many new interiors, covered laundry area, and unbeatable location in Makiki. Off the ground construction means repairs are simpler than concrete construction. One electric meter, so landlord pays, but average cost is about $550/mo! One water meter, one gas meter.

    Monthly Payment Calculator



    © 2020 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 Yamashita Team | Island Life Homes.

    Licensed in the State of Hawaii, USA.
    www.islandlifehm.com/homes/101639827

    1125 Hassinger Street Honolulu, HI 96822

    • Price: $2,800,000
    • Status: Active
    • Updated: 22 min ago
    • MLS #: 201933816
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.12
    Acres
    2,817
    SQFT
    $994
    $/SQFT
    1928
    Built
    Neighborhood:
    Makiki Area
    County:
    Oahu
    Area:
    Metro
    Property Description
    WHERE ELSE WILL YOU FIND A 5.14% ACTUAL CAP RETURN IN TOWN??? 12 studios, 1 two-bedroom with 5 parking spaces grossing $198,900/year and an actual cap of 5.14% with the ability to increase rents! New paint and doors, many new interiors, covered laundry area, and unbeatable location in Makiki. Off the ground construction means repairs are simpler than concrete construction. One electric meter, so landlord pays, but average cost is about $550/mo! One water meter, one gas meter.
    Exterior Features

    Construction Materials Above GroundSingle WallWood Frame Location CornerCul-De-Sac Lot Description Clear Other Parking None Parking Assigned Parking Total 5 Property Frontage Other Roof Asphalt Shingle Stories Two Topography Level View None

    Interior Features

    Elevators 0 Furnished Partial Laundry Coin Remodeled Year 2018 Sq Ft Building 2817

    Property Features

    1 Bed Units 0 2 Bed Units 1 3 Or More Bed Units 0 Amenities None Annual Expenses 55060.80 Assessed Value Improvements 114400.00 Assessed Value Land 1163600.00 Assessed Value Total 1278000.00 Building Type Multi Dwellings Disclosures 1031 ExchangeLicensed Owner Documents Lease DocumentsOtherP&LSurveyTax Return Easements Electric Expenses Include Excise TaxInsuranceMgmt FeeOtherProperty TaxRepair MaintenanceSewer Fee Flood Zone Zone X Foreclosure YN No Land Recorded Regular System Land Tenure Fs - Fee Simple Listing Financing CashConventionalExchange Management Company Self Net Operating Income 143839.20 Other Income 3000.00 Possession At ClosingSubject To Tenancy Property Condition Average Recreation Facilities None Set Backs None Sewer Connected Special Sale Conditions None Studio Units 12 Tax Amount 312.00 Tax Paid By Seller No Tax Year 2019 Tenant Pays None Total Actual Rent 16575.00 Total Income 198900.00 Utilities Available CableGasOverhead ElectricityPublic WaterWater Utilities Meters ElectricGasWater 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 2020-04-04T00:58:41.677. Information is deemed reliable but not guaranteed. Copyright: 2020 by HiCentral MLS, Ltd.


    © 2020 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 Yamashita Team | Island Life Homes.

    Licensed in the State of Hawaii, USA.
     
    Yamashita Team | Island Life Homes
    2243 Kauhana Street
    Honolulu HI, 96816