2517 Ala Wai Boulevard, Honolulu, HI 96815

$4,500,000
List Price
$4,500,000
Status
ACTIVE
Type
Multifamily
MLS#
202219963
Days on Market
8
Land Area
7,476
Year Built
1942
Year Remodeled
2021
Neighborhood
Waikiki
Land Tenure
FS - Fee Simple

Property Description

Waikiki Opportunity knocks! Amazing chance to buy a 19 unit apartment building on the Ala Wai canal with excellent cash flow and all units occupied with stable tenant base. Legally 16 units, but 19 existing. Nicely maintained interiors with good layouts w excellent functionality. Coin washer and dryer, resident manager, trash service. Shared driveway on Ewa side, some separate meters for electric, though owner pays 7 electric bills, gas, and water. Bill 7 opportunity to build with 37 units; plans and contacts available with accepted offer. No showings without accepted offer. Do not walk property nor disturb the tenants.

Additional Information

Island
Oahu
Stories Type
Two
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
View
Marina/Canal, Sunrise
Easements
None
Parking Total
3
Tenants Responsibilities Include
None, Electricity
Sqft Building
6259
Lot Size
7,476
Unit One Bed Number Of
3
Construction Materials
Wood Frame
Mls Area Major
Metro
Neighborhood
Waikiki
Studio Units Number Of
16
Frontage
Golf Course, Stream/Canal, Waterfront
Furnished
Partial
Year Built
1942
Year Remodeled
2021
Tax Amount
$818
Total Income
261960
Sewer
Connected
Roof
Asphalt Shingle, Composition
Recreation Facilities
None
Parking Features
Assigned, Covered, Open
Lot Features
Clear
Amenities
Resident Manager
Total Annual Operating Expenses
73613
Assessed Total
2813100
Assessed Improvement
196500
Assessed Land
2616600

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 Commercial Inv. Strategies.

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.

Contact: (808) 429-1098