2902 Varsity Circle, Honolulu, HI 96826

$1,900,000
List Price
$1,900,000
Status
ACTIVE
Type
Multifamily
MLS#
202403396
Days on Market
19
Land Area
6,130
Year Built
1954
Year Remodeled
1960
Neighborhood
University
Land Tenure
FS - Fee Simple

Property Description

Don’t miss this rare-find two-story apartment complex with 8 EASY TO RENT studios and SOLID tenant pool, conveniently located near University of Hawaii at Manoa, Ala Moana Center, Waikiki, restaurants, hospitals, businesses, and bus lines, with easy access to major roads and freeways. This apartment has 8 separate electric meters, 6-8 parking spaces (depending on the size of the cars), coin-operated laundry, quiet interiors despite close proximity to the freeway, green surroundings as it directly faces an empty field maintained by UH, and cul-de-sac location, which means private living, less crowded, and safer environment. All units have ceramic tile flooring and identical designs with maximum rentability. Excellent investment opportunity! Jump on this great deal before it disappears! Property to be conveyed As Is, Where Is.

Additional Information

Island
Oahu
Stories Type
Two
Utilities
Cable, Internet, Overhead Electricity, Public Water, Sewer Fee, Water
View
Other
Easements
None
Parking Total
8
Tenants Responsibilities Include
Cable TV, Electricity
Sqft Building
1844
Elementary School
Lunalilo
Middle School
Washington
High School
Kaimuki
Lot Size
6,130
Construction Materials
Concrete
Mls Area Major
Metro
Neighborhood
University
Studio Units Number Of
8
Year Built
1954
Year Remodeled
1960
Tax Amount
$429
Total Income
117000
Sewer
Connected
Roof
Composition
Recreation Facilities
None
Parking Features
Open
Lot Features
Flag Lot
Amenities
None
Total Annual Operating Expenses
37000
Assessed Total
1470900
Assessed Improvement
143600
Assessed Land
1327300
Zoning
11 - A-1 Low Density Apartment

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 Kona Realty All Islands LLC.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2024 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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