1126 3rd Avenue, Honolulu, HI 96816
- $2,700,000
- List Price
- $2,700,000
- Status
- ACTIVE
- Type
- Multifamily
- MLS#
- 202306339
- Days on Market
- 14
- Land Area
- 15,000
- Year Built
- 1931
- Year Remodeled
- 2020
- Neighborhood
- Kaimuki
- Land Tenure
- FS - Fee Simple
Property Description
Rare offering of a 15,000 sq.ft. parcel improved with three buildings and potential to build one more! Good income flow from the 14 rentals. Property family owned for 78 years and is their former home where they lived. New buyer could build their new residence on the back corner of the parking lot. This would eliminate just 3 of the 17 parking stalls. Largest dwelling is a legal registered boarding house with 7 rented rooms, a large common kitchen, lockers for each tenant, high ceilings and storage underneath. 3 rooms have complete bathrooms inside the rooms, one has a half bath, and three share the two common toilet rooms/one shower stall room. All rooms have individual refrigerators and sinks. Some tenants do light cooking in their rooms. Under this building are two apartments (studio and one bedroom). The two additional buildings contain 1 studio, 2 one bedroom apartments, 1 two bedroom apartment, and 1 three bedroom apartment. Washers/dryers in laundry room. Location near schools and shopping is in high demand for tenants. Vacancy rate has been near ZERO these past 18 years! One tenant now 52 years old was born here! This is a community of long term tenants.
Additional Information
- Island
- Oahu
- Stories Type
- One, Two
- Utilities
- Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
- View
- Garden
- Easements
- None
- Parking Total
- 17
- Tenants Responsibilities Include
- Cable TV, Gas
- Sqft Building
- 4857
- Lot Size
- 15,000
- Unit One Bed Number Of
- 3
- Construction Materials
- Single Wall, Slab, Wood Frame
- Mls Area Major
- DiamondHd
- Neighborhood
- Kaimuki
- Studio Units Number Of
- 9
- Frontage
- Other
- Furnished
- Partial
- Year Built
- 1931
- Year Remodeled
- 2020
- Tax Amount
- $692
- Total Income
- 176562
- Sewer
- Connected
- Unit Two Bed Number Of
- 1
- Roof
- Asphalt Shingle
- Recreation Facilities
- None
- Parking Features
- Assigned, Covered, Open
- Lot Features
- Clear
- Amenities
- A/C, Storage
- Total Annual Operating Expenses
- 72902
- Unit Three Bed Number Of
- 1
- Assessed Total
- 2373200
- Assessed Improvement
- 623200
- Assessed Land
- 1750000
- Zoning
- 07 - R-3.5 Residential District
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Listing courtesy of Sue Young.
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