Punchbowl-lower Multi-Family

1311 Freeland Place, Honolulu, Oahu 96813 Get Directions

SOLD

 

Total SqFt
2,456
Lot Size Area
3,364 SqFt
Land Tenure
Fee Simple
MLS #
201709061
Request More Info
Save to My Favorites

Overview

Cash cow! 6 separate apartments, all with their own entrance from the outside. No interconnecting doors. New roof installed Feb 2017. Tenants pay all their own utilities. Separate water meter for each unit. Building may not match tax records. Community coin operated washer and dryer. Fully occupied by long term tenants. Building is 2456 sq ft and lot is 3363 sq ft. Zoned A-2 medium density. NOI is $59,684 for 2016. Cap rate is 6% for 2016. $995,000 only $166,000 per unit. No parking , but bus stops nearby.

Property Details

Amenities
None, Fire Sprinkler
Building Type
Apartments
Sold Date
03/08/2018
Sold Price
$875,000
Construction Materials
Concrete, Single Wall
Location
Inside
Neighborhood
Punchbowl-lower
Net Operating Income
59684.00
Number Of Units Total
6
Property Frontage
Other
Property Type
Multi-Family
Building SqFt
2,456
Total SqFt
2,456
Status
Sold
Stories
2
Total Actual Rent
$6,675
Total Annual Operating Expenses
$21,574
Total Income
$81,258
Year Built
1937

Additional Property Info

Disclosures
1031 Exchange, Licensed Owner, Listor Owner
Days on Market
271
Elementary School
Kaahumanu
Flood Zone
Zone X
High School
Mckinley
Laundry Facilities
Coin
Middle/Junior School
Central
Property Condition
Fair
Roof
Asphalt Shingle
Tax Amount
$198
Tax Assessed Value
$681,800
Tax Assessed Value Improvements
$98,500
Tax Assessed Value Land
$583,300
Topography
Level
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Telephone, Water
Zoning
12 - A-2 Medium Density Apartme

Location (Also shows similar listings) Get Directions

Loading map...

Listing Courtesy of Don Binning Courtesy of Donald Binning, Don Binning.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2024 by HiCentral MLS, Ltd.

Some of the active listings appearing 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.