Richard Schultz - RS Hawaii Homes
1651 Frog Ln
Honolulu, HI 96817

Description

Prime large 3 story solid hollow tile building seldom available for sale in great Town location near Nuuanu, Liliha and Kuakini. Large lot offers 18 parking spaces (some covered) for 13 two bedroom and 2 three bedroom apartment units, total 15 units. The cap rate is 4.85%. Hard to find all 2 and 3 bedroom unit apartment buildings and this is the one! Very good condition, some units renovated, all in move in condition. Stable tenant history with chance to raise rents to improve already impressive cash flow. Separate coin laundry with 3 washers and 3 dryers for added income. Centralized gas heating system for all tenants. Newly paved street with easy access off Liliha.

Details

MLS#201725129
Sub-TypeResale
StatusActive
Year1969
Days On Site347

Features

SQ Feet10,274
Units15
Building(s)1

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Area Information

StateHI
CityHonolulu
Zip Code96817
Listing VS Median (in 96817)
Price:
$4,250,000
low | high
Med:
$774,894
100% of Average
SqFt:
10,274
low | high
Med:
1,758
100% of Average
$ / SqFt:
$414
low | high
Med:
$445
42.322134275159% of Average
On Site:
347
low | high
Med:
30
100% of Average
Listing Updated: 11/16/2018
MLS Number: 201725129
Listing Provided By:
Vincent Lao  of  Five Star Realty Inc.

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