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1463 Lusitana Street

Honolulu, HI 96813
  • $8,350,000
  • STATUS: Active
  • ON SITE: 12 Days
  • MLS #: 202403457
UPDATED: 62 min ago
$8,350,000
  • 0
    BEDS
  • 0.27
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 14,593
    SQFT
  • $572
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1974
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

20-unit fully renovated CMU apartment building in the heart of Honolulu with 20 covered parking stalls! Property is 100% leased and provides excellent, stable cash flow with income/expenses stated being based on in-place leases and budgeted expenses for the year. Property underwent a full renovation in 2021-2022 which included roof re-coating, new fences/security gates as well as a roll-down parking gate. Interior luxury finishes were completed in each unit with new paint, flooring, cabinets, counters, light and plumbing fixtures. This is an extremely rare opportunity to acquire a large, stabilized apartment building in town!

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© 2024 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hawaii Dream Homes.

Licensed in the State of Hawaii, USA.
www.hawaiidreamhomes.com/homes/147561112
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1463 Lusitana Street Honolulu, HI 96813

  • Price: $8,350,000
  • Status: Active
  • On Site: 12 Days
  • Updated: 62 min ago
  • MLS #: 202403457
0
Beds
0
Baths
0
½ Baths
0.27
Acres
14,593
SQFT
$572
$/SQFT
1974
Built
Neighborhood:
Punchbowl-Lower
County:
Oahu
Area:
Metro
Elementary School:
Lincoln
Middle School:
Roosevelt
High School:
Stevenson
Property Description
20-unit fully renovated CMU apartment building in the heart of Honolulu with 20 covered parking stalls! Property is 100% leased and provides excellent, stable cash flow with income/expenses stated being based on in-place leases and budgeted expenses for the year. Property underwent a full renovation in 2021-2022 which included roof re-coating, new fences/security gates as well as a roll-down parking gate. Interior luxury finishes were completed in each unit with new paint, flooring, cabinets, counters, light and plumbing fixtures. This is an extremely rare opportunity to acquire a large, stabilized apartment building in town!
Exterior Features

Construction Materials Above GroundHollow Tile Location Inside Lot Description Other Other Parking None Parking AssignedCovered Parking Total 20 Property Frontage Other Roof Other Stories 4-7 Topography Level View City

Interior Features

Elevators 0 Furnished Partial Laundry Coin Remodeled Year 2022 Sq Ft Building 14593

Property Features

1 Bed Units 2 2 Bed Units 18 3 Or More Bed Units 0 Amenities A/C Annual Expenses 154514.00 Assessed Value Improvements 1785500.00 Assessed Value Land 2104800.00 Assessed Value Total 3890300.00 Building Type Apartments Disclosures 1031 ExchangeLicensed OwnerPet on Property Documents Building PlansLease DocumentsOtherP&LSurveyTitle Search Easements None Expenses Include Excise TaxInsuranceMgmt FeeOtherProperty TaxRepair MaintenanceSewer Fee Flood Zone Zone X Foreclosure YN No Land Recorded Dual Systems Land Tenure FS - Fee Simple Listing Financing CashConventionalExchange Management Company Standard Management Net Operating Income 401746.00 Other Income 4800.00 Possession At Closing Property Condition Excellent Recreation Facilities None Set Backs C&C Sewer Connected Special Sale Conditions None Studio Units 0 Tax Amount 1126.48 Tax Annual Amount 13517.76 Tax Paid By Seller No Tax Year 2023 Tenant Pays Electricity Total Actual Rent 41555.00 Total Income 556260.00 Utilities Available CableInternetOverhead ElectricityPublic WaterTelephoneWater Utilities Meters ElectricIndividual Zoning 12 - A-2 Medium Density Apartme

Listings provided courtesy of Standard Management LLC: (808) 208-8107.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2024-02-24T23:59:16.42. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd.


© 2024 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Hawaii Dream Homes.

Licensed in the State of Hawaii, USA.
 
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