1126 3rd Avenue, Honolulu, HI 96816

$2,425,000
Sold Price
$2,425,000
List Price
$2,700,000
Status
SOLD
Type
Multifamily
MLS#
202306339
Days on Market
30
Closing Date
Jul 11, 2023
Land Area
15,000
Year Built
1931
Year Remodeled
2020
Neighborhood
Kaimuki
Land Tenure
FS - Fee Simple

Property Description

Rare investment opportunity in popular Kaimuki offering a unique combination of a duplex, a triplex, and a two story large dwelling containing 7 rented rooms + 2 rental apartments underneath. 17 parking stalls is a huge bonus value. Property is 15,000 sq.ft. R-3.5 fee simple. Good net income and nearly 0% vacancy (past 18 years of management by listor). Largest dwelling has 7 rented rooms, a large common kitchen, high ceilings and community 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. 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. 2 washers/2 dryers in coin operated laundry room. 2 electric meters/6 gas meters. Remodeling the front dwelling to be an owner/occupant home for the buyer would create a 2nd triplex and more lending options. 7 apartment rentals would remain for income. Three generations of the same family have enjoyed ownership the past 78 years.

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

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Sue Young. Selling Office: Harcourts Island Real Estate.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2023 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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