1623 Alapai Street, Honolulu, HI 96813

$5,000,000
Sold Price
$5,000,000
List Price
$5,000,000
Status
SOLD
Type
Multifamily
MLS#
202212082
Days on Market
10
Closing Date
Oct 31, 2022
Land Area
10,050
Year Built
1971
Neighborhood
Punchbowl
Land Tenure
FS - Fee Simple

Property Description

A GEM at the base of Punchbowl. This 17 unit building is poised for income potential. 7 - 1 bedroom units, 10 - 2 bedroom units. 1 beds are 480 sq ft, 2 bedrooms are either 600 or 720 sq ft depending on stack. CMU construction, concrete walls between units, individual electric meters, assigned parking, resident manager on site, great ocean and city views, very well maintained. At the end of Alapai Street against the hills of Punchbowl provides privacy for the units and cool breezes. Laundry facilities onsite and a communal garden. Units have been upgraded as tenants moved out, all varies. Long time residents have lived in the building. First time changing hands in over 43 years. Please review financial listing packet for more information on rent roll, expenses, pro-forma, survey, floor plans etc. Amazing rental income opportunity with a solid building that has been well maintained.

Additional Information

Island
Oahu
Stories Type
Three, 4-7
Utilities
Cable, Internet, Overhead Electricity, Public Water, Water
View
City, Coastline, Ocean
Easements
None
Parking Total
18
Tenants Responsibilities Include
Cable TV, Electricity, Other
Sqft Building
9860
Lot Size
10,050
Unit One Bed Number Of
7
Construction Materials
Concrete, Hollow Tile, Other
Mls Area Major
Metro
Neighborhood
Punchbowl
Year Built
1971
Tax Amount
$762
Total Income
135360
Sewer
Connected
Unit Two Bed Number Of
10
Roof
Other
Recreation Facilities
None
Parking Features
Assigned
Lot Features
Clear
Amenities
Resident Manager
Total Annual Operating Expenses
78000
Assessed Total
2615000
Assessed Improvement
857500
Assessed Land
1757500

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Compass. Selling Office: List Sotheby's Int'l Realty.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2022 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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