Bought with Coldwell Banker Realty
$2,900,000
$2,800,000
3.6%For more information regarding the value of a property, please contact us for a free consultation.
745 Makaleka AVE Honolulu, HI 96816
Key Details
Sold Price $2,900,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Kapahulu
MLS Listing ID 202209008
Sold Date 07/12/22
Construction Status Good Condition
Year Built 1962
Annual Tax Amount $5,964
Property Description
First time on the market. Well-maintained 8 unit all-concrete building with excellent unit mix – (6) 2-bedroom and (2) 1-bedroom units. 9 total parking stalls available. 7 on-site parking stalls (one stall is tandem) + 2 stalls leased directly across Makaleka Street for $60/mo each. There is also the ability to rent additional stalls across the street if desired, and plenty of street parking. All units have lanais and most have washing machines. This building has copper gutters, separate electrical meters, and a rare yard in the back. Over $200,000 in capital improvements over the past 5 years. Sizeable land area provides development options under Bill 7. Very close to stores and restaurants on Kapahulu Ave. 3 units are vacant and easy to show. Proforma NOI should be closer to $125,600.
Location
State HI
County Oahu
Area Metro
Interior
Fireplace No
Appliance Washer
Laundry In Unit
Exterior
Parking Features Assigned, Open, Tandem
Community Features None
Utilities Available Above Ground Utilities, Cable Available, Electricity Available, Water Available, Sewer Connected
View Y/N No
View None
Total Parking Spaces 7
Building
Lot Description Interior Lot, Other, Level
Entry Level Two
Sewer Connected
Water Public
Level or Stories Two
Construction Status Good Condition
Schools
Elementary Schools Liholiho
Middle Schools Kaimuki
High Schools Kaimuki
Others
Tax ID 1-2-7-034-018-0000
Financing ARM
Special Listing Condition None
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