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SOLD
MLS: 201809364
 
Asking Price: $1,298,000 FS - Fee Simple
Sold Price: $1,265,000
Sold Date: 07/11/2018
Type: Multi-Family
District: Metro
Address: 1812 Algaroba Street, Honolulu, HI
Neighborhood: Mccully
Land Area: 3,116 SF
Parking: Open
Days on Market: 2896
Year Built: 1953
Zoning: 33 - BMX-3 Community Business
Land Recorded: Regular System
Property Taxes: $259,.53
Assessed Value: $817,400,.00
Assessed Ratio: 158.8%
Listing Courtesy: Apartment Advisors, LLC
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Here is it! 7 Units @ $185k per door!! $61k in NOI for a McCully apartment property! Some upside potential to increase NOI. This property is perfect for the investor looking to get started in the apartment market. The numbers work on this without having to put a 45%-50% down payment (like all the other apartment buildings). Concerned about limited parking? Most of current tenants bike, bus, walk, or Uber around (or find street parking). The property is one street from King St (Major bus line, Restaurants, Grocery, etc.) and draws renters from Downtown to Waikiki to UH Manoa due to the central location.


 
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Copyright: 2015 by the HiCentral MLS, Ltd.
 
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