Bought with Harcourts Island Real Estate
$2,425,000
$2,700,000
10.2%For more information regarding the value of a property, please contact us for a free consultation.
1126 3rd AVE Honolulu, HI 96816
Key Details
Sold Price $2,425,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Kaimuki
MLS Listing ID 202306339
Sold Date 07/11/23
Construction Status Good Condition
Year Built 1931
Annual Tax Amount $8,306
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.
Location
State HI
County Oahu
Community None, Storage Facilities
Area Diamondhd
Interior
Cooling Central Air
Furnishings Partially
Fireplace No
Laundry Coin-operated, In Unit
Exterior
Parking Features Assigned, Covered, Open
Community Features None, Storage Facilities
Utilities Available Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
View Y/N Yes
View Garden
Total Parking Spaces 17
Building
Lot Description Cleared, Other
Entry Level One,Two
Foundation Slab
Sewer Connected
Water Public
Level or Stories One, Two
Construction Status Good Condition
Others
Tax ID 1-3-2-001-036-0000
Financing Conventional
Special Listing Condition None
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