UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Moiliili
MLS Listing ID 202506283
Construction Status Average Condition
HOA Y/N No
Year Built 1957
Annual Tax Amount $5,099
Property Sub-Type Multi Family
Property Description
Four of the units have been remodeled within the past year, while two have received partial upgrades. The other two units need completed renovations. Significant improvements include copper plumbing conversions, ABS drain line upgrades on the second floor, and a silicone-coated roof completed last year. Additionally, each unit is individually metered for electricity, keeping utility costs low.
The building is fully occupied, with all leases on a month-to-month basis. Previously, due to maintenance and probate issues, full occupancy was not maintained, but all concerns have been addressed.
Since rental income was lower in previous years and full occupancy has only been achieved recently, I have prepared a pro forma analysis outlining projected income, expenses, and net income. This property is a steady income earner with low maintenance and operational costs, is easy to rent, and does not require an on-site manager.
Location
State HI
County Oahu
Area Metro
Interior
Furnishings Unfurnished
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Assigned
Community Features None
Utilities Available Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
Waterfront Description Other
View Y/N No
View None
Total Parking Spaces 3
Building
Lot Description Cleared, Other, Level
Dwelling Type Apartment
Entry Level Two
Sewer Connected
Water Public
Level or Stories Two
Construction Status Average Condition
Schools
Elementary Schools Lunalilo
Middle Schools Washington
High Schools Kaimuki
Others
Tax ID 1-2-7-003-062-0000
Special Listing Condition None
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