Metro Home sold: 1611/1617 Kahai, Metro, Honolulu, Hawaii on the island of Oahu

SOLD
MLS: 201700901

Asking Price: $2,100,000 FS - Fee Simple
Sold Price: $2,000,000
Sold Date: 03/31/2017
Type: Multi-Family
District: Metro
Address: 1611/1617 Kahai Street, Honolulu, HI
Neighborhood: Kapalama
Land Area: 10,000 SF
Parking: Assigned
Days on Market: 3264
Year Built: 1952
Zoning: 42 - I-2 General Industrial Di
Land Recorded: Regular System
Property Taxes: $1,819
Assessed Value: $1,710,000,.00
Assessed Ratio: 122.81%
Listing Courtesy: Coldwell Banker Pacific Prop.

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This sale includes two properties (TMK 112-006-118 & 112-006-0017). One consists of (6) one-bedroom apartments with 4 parking stalls with previous monthly rental of $5550 (each unit rents between $925-975). Other property has two dwellings with 2 parking stalls with previous monthly rental of $6225 (back dwelling has 4 studios renting from $800-825) and front dwelling is rented to commercial vendor for $3000 per month. Ideally located in town near docks and zoned I-2, a warehouse may be built on this property.

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