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MLS: 202309635
Asking Price: $1,088,000 FS - Fee Simple
Sold Price: $1,105,000
Sold Date: 09/08/2023
Type: Multi-Family
District: Metro
Address: 2202 Waiola Street, Honolulu, HI
Neighborhood: Moiliili
Land Area: 4,029 SF
Parking: Open
Days on Market: 365
(The Price of the property was lowered by $202,000 on 07/20/2023)
Year Built: 1965
Zoning: 12 - A-2 Medium Density Apartm
Land Recorded: Land Court
Property Taxes: $322
Assessed Value: $1,130,600,.00
Assessed Ratio: 96.23%
Listing Courtesy: Locations LLC
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$200,000 price reduction!!! Seller says sell! Get it before it's gone. Good income property, pro-forma rent-roll is $72,000/yr ($6,000/mo) with 5.5% cap rate on gross income. Property also qualifies for Bill 7 development! 2 houses, total of 4 units. Front house features 3 units (two 1-bedrooms, one 2-bedroom) plus a garage that has been converted to a very nice 3rd bedroom. Back house has a 1-bedroom unit. Individually metered, Separate laundry facilities and yard. Excellent and convenient location! Across from the famous Waiola Shave Ice, near Old Stadium Park, University of Hawaii, library, restaurants, schools, bus line, and supermarkets. Must see, won't last long! Please see supplements for Bill 7 initial budgetary numbers and past rent roll. Buyer to do their own due diligence. Non-conforming, number of bedrooms does not match tax record. *One or more photos have been "enhanced."

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