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1242 6th Avenue

Honolulu, HI 96816
  • $3,700,000
  • STATUS: Active Under Contract
  • ON SITE: 343 Days
  • MLS #: 202306592
Under Contract
UPDATED: 80 min ago
$3,700,000
  • 0
    BEDS
  • 0.32
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,920
    SQFT
  • $467
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1969
County:
Area:

School Ratings & Info

Description

OFFERED below assessed Value. Beautifully maintained 2-story concrete building with (1x) 1-bedroom and (9x) 2-bedroom units with 10 open parking stalls. A large 13,965 sq ft lot with building size of 7,920 sq. ft. Each unit features exceptionally large living space with balcony or backyard with units own hot water tank. Building features a coin-operated laundry area for extra monthly income, separately metered electricity, and one sewer. Current rents are below market allowing a buyer to increase rents with some upgrades. Possible redeveloping option under Bill 7 to maximize the property's highest and best use. Ideally located near Chaminade University and the University of Hawaii Manoa, restaurants, and shops.

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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/137889027
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1242 6th Avenue Honolulu, HI 96816

  • Price: $3,700,000
  • Status: Active Under Contract
  • On Site: 343 Days
  • Updated: 80 min ago
  • MLS #: 202306592
0
Beds
0
Baths
0
½ Baths
0.32
Acres
7,920
SQFT
$467
$/SQFT
1969
Built
Neighborhood:
Palolo
County:
Oahu
Area:
Diamondhd
Property Description
OFFERED below assessed Value. Beautifully maintained 2-story concrete building with (1x) 1-bedroom and (9x) 2-bedroom units with 10 open parking stalls. A large 13,965 sq ft lot with building size of 7,920 sq. ft. Each unit features exceptionally large living space with balcony or backyard with units own hot water tank. Building features a coin-operated laundry area for extra monthly income, separately metered electricity, and one sewer. Current rents are below market allowing a buyer to increase rents with some upgrades. Possible redeveloping option under Bill 7 to maximize the property's highest and best use. Ideally located near Chaminade University and the University of Hawaii Manoa, restaurants, and shops.
Exterior Features

Construction Materials Concrete Location Inside Lot Description Other Other Parking None Parking AssignedOpen Parking Total 10 Property Frontage Other Roof Other Stories Two Topography Level View Mountain

Interior Features

Elevators 0 Furnished Partial Laundry Coin Sq Ft Building 7920

Property Features

1 Bed Units 1 2 Bed Units 9 3 Or More Bed Units 0 Amenities None Annual Expenses 1.00 Assessed Value Improvements 441500.00 Assessed Value Land 3892100.00 Assessed Value Total 4333600.00 Building Type ApartmentsMulti Dwellings Disclosures None Documents Building PlansSurveyTitle Search Easements None Expenses Include Excise TaxMgmt FeeOtherProperty TaxRepair MaintenanceSewer Fee Flood Zone Zone X Foreclosure YN No Land Recorded Regular System Land Tenure FS - Fee Simple Listing Financing CashConventional Net Operating Income 1.00 Other Income 1.00 Possession At Closing Property Condition Above AverageAverage Recreation Facilities None Set Backs C&C Sewer Connected Special Sale Conditions None Studio Units 0 Tax Amount 1159.00 Tax Annual Amount 13908.00 Tax Paid By Seller No Tax Year 2022 Tenant Pays Cable TVElectricityOther Total Actual Rent 1.00 Total Income 1.00 Utilities Available GasInternetOverhead ElectricityPublic WaterTelephone Utilities Meters ElectricGasWater Zoning 11 - A-1 Low Density Apartment

Listings provided courtesy of Island, REALTORS: (808) 687-8000.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2024-02-28T11:58:58.927. 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