2144 Kauhana Street

    Honolulu, HI 96816
    • $2,250,000
    • STATUS: Active
    • ON SITE: 63 days
    • MLS #: 201926041
    UPDATED: 27 min ago
    $2,250,000
    • 0
      BEDS
    • 0.23
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1947
    County:
    Area:

    School Ratings & Info

    Description

    Double Corner Lots! 2141 Palolo: 4,875sf (vacant) AND 2144 Kauhana: 5,005sf (apt + comm). Excellent opportunity to own an apartment building with parking and commercial space in Palolo! 2144 Kauhana lot is 8 units: 7 ones and 1 permitted comm space (previously a convenience store, now an officesee attachments) on 5,005sf, taxed at B-2 zoned rate (legal, non-conforming). Commercial tenant has options to stay until 2022. All but 1 apartment tenants are MTM. 2141 Palolo lot is vacant lot of 4,875sf taxed at R5 zoned rate, currently used for parking. All units occupied, AND a commercial laundromat across the street. NOI for the property is ACTUAL with seasoned leases and no vacancy. *See encroachment agreement in attachments.

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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 Yamashita Team | Island Life Homes.

    Licensed in the State of Hawaii, USA.
    www.islandlifehm.com/homes/99011736

    2144 Kauhana Street Honolulu, HI 96816

    • Price: $2,250,000
    • Status: Active
    • Updated: 27 min ago
    • MLS #: 201926041
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.23
    Acres
    1947
    Built
    Neighborhood:
    Palolo
    County:
    Oahu
    Area:
    Diamondhd
    Property Description
    Double Corner Lots! 2141 Palolo: 4,875sf (vacant) AND 2144 Kauhana: 5,005sf (apt + comm). Excellent opportunity to own an apartment building with parking and commercial space in Palolo! 2144 Kauhana lot is 8 units: 7 ones and 1 permitted comm space (previously a convenience store, now an officesee attachments) on 5,005sf, taxed at B-2 zoned rate (legal, non-conforming). Commercial tenant has options to stay until 2022. All but 1 apartment tenants are MTM. 2141 Palolo lot is vacant lot of 4,875sf taxed at R5 zoned rate, currently used for parking. All units occupied, AND a commercial laundromat across the street. NOI for the property is ACTUAL with seasoned leases and no vacancy. *See encroachment agreement in attachments.
    Exterior Features

    Construction Materials Concrete BlockWood Frame Loading None Parking On Site Parking Total 10 Property Frontage Other Roof Shingle Stories Two

    Interior Features

    Cooling IndividualIndividual Meters Floors Concrete Sq Ft Other 0 Sq Ft Total 5416

    Property Features

    Amenities Office Annual Expenses 51606.06 Assessed Value Improvements 251100.00 Assessed Value Land 1520700.00 Assessed Value Total 1771800.00 Building Name None Business Type Condo/AptFree StandingMixed UseOffice Commercial Space No Disclosures None Documents Lease DocumentsP&LPermitsTax ReturnTitle Search Easements Sewer Expenses Source BrokerOwner Flood Zone Zone X Gross Income 154498.44 Income Source Owner Land Recorded Regular System Land Tenure Fs - Fee Simple Lease Type Option Listing Financing CashExchange Net Operating Income 102892.39 Property Condition Above Average Property Type Commercial/Industrial Sewer Connected Special Sale Conditions None Tax Amount 1439.38 Tax Paid By Seller No Tax Year 2019 Tenant Pays Ac MaintenanceElectricityExcise TaxJanitorial/Trash RemovalLiability Ins Total Actual Rent 12755.00 Utilities Available GasLight ElectricitySmall Water Meter Zoning 05 - R-5 Residential District

    Listings provided courtesy of Commercial Inv. Strategies.
    Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2019-11-19T14:58:50.32. 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 Yamashita Team | Island Life Homes.

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