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1218 N King Street

Honolulu, HI 96817
  • $4,600,000
  • STATUS: Active
  • ON SITE: 271 Days
  • MLS #: 202311568
UPDATED: 71 min ago
$4,600,000
  • 0
    BEDS
  • 0.22
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 10,785
    SQFT
  • $427
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1970
County:
Area:

School Ratings & Info

Description

Opportunity knocks! TWO 3 story hollow tile buildings located across from the post office on N King, this well-maintained 20-unit apartment building has 6 retail spaces, 9 one-bedroom units, 4 two-bedrooms, 1 three-bedroom, and 1 bonus warehouse unit (approx 645sf). Owner recently fixed spalling and painted, and has taken excellent care of the building. Property has 1:1 parking (some covered), and access from Long Lane via N King. Below market rents with opportunity to create better cash flow with minimal cap expenditure.

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© 2024 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 Island Life Homes.

Licensed in the State of Hawaii, USA.
www.islandlifehm.com/homes/140043838
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1218 N King Street Honolulu, HI 96817

  • Price: $4,600,000
  • Status: Active
  • On Site: 271 Days
  • Updated: 71 min ago
  • MLS #: 202311568
0
Beds
0
Baths
0
½ Baths
0.22
Acres
10,785
SQFT
$427
$/SQFT
1970
Built
Neighborhood:
Kapalama
County:
Oahu
Area:
Metro
Property Description
Opportunity knocks! TWO 3 story hollow tile buildings located across from the post office on N King, this well-maintained 20-unit apartment building has 6 retail spaces, 9 one-bedroom units, 4 two-bedrooms, 1 three-bedroom, and 1 bonus warehouse unit (approx 645sf). Owner recently fixed spalling and painted, and has taken excellent care of the building. Property has 1:1 parking (some covered), and access from Long Lane via N King. Below market rents with opportunity to create better cash flow with minimal cap expenditure.
Exterior Features

Construction Materials Hollow Tile Location Corner Lot Description Clear Other Parking <10 Spaces Parking CoveredTandem Parking Total 20 Property Frontage Other Roof Custom/Specialty Stories Three Topography Level View MountainOtherSunriseSunset

Interior Features

Furnished Partial Laundry Coin Remodeled Year 2022 Sq Ft Building 10785

Property Features

1 Bed Units 9 2 Bed Units 6 3 Or More Bed Units 1 Amenities None Annual Expenses 88661.00 Assessed Value Improvements 967500.00 Assessed Value Land 2093500.00 Assessed Value Total 3061000.00 Building Type ApartmentsMulti Dwellings Disclosures 1031 Exchange Documents Lease DocumentsP&LTitle Search Easements Electric Expenses Include Excise TaxInsuranceOtherProperty 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 Managed Net Operating Income 210739.00 Other Income 208.33 Possession At ClosingSubject To Tenancy Property Condition Excellent Recreation Facilities None Set Backs C&COf Record Sewer Connected Special Sale Conditions None Studio Units 0 Tax Amount 3160.00 Tax Annual Amount 37920.00 Tax Paid By Seller Yes Tax Year 2023 Tenant Pays ACCable TVElectricity Total Actual Rent 24450.00 Total Income 295900.00 Utilities Available CableGasInternetOverhead ElectricityPublic WaterSewer FeeTelephoneWater Utilities Meters ElectricGasIndividualWater Zoning 33 - BMX-3 Community Business M

Listings provided courtesy of Commercial Inv. Strategies: (808) 429-1098.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2024-02-27T06:58:50.683. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd.


© 2024 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 Island Life Homes.

Licensed in the State of Hawaii, USA.
 
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2243 Kauhana Street
Honolulu HI, 96816