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3206 Ala Ilima Streets , 30 Units

Honolulu, HI 96818
  • $11,000,000
  • STATUS: Active
  • ON SITE: 68 Days
  • MLS #: 202403475
$11,000,000
  • 0
    BEDS
  • 0.7
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 8,096
    SQFT
  • $1,359
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1973
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

FIRST TIME ON MARKET! ****$2,000,000 PRICE REDUCTION!***** Trophy 3- story concrete apartment building (24,288 sf) in Salt Lake next to Hoa Aloha Neighborhood Park. 30 units (all 2 bedrooms) on 30,375 sf of A-2 zoned land (150" height limit) and one manager's office. 28 units are 2 beds, 1 bath (768sf) while 2 corner units are larger, 2 bed, 2 bath (1,184 sf) with private lanais and washer/dryer. 38+ parking stalls. 100% occupied. Rents under market and opportunities exist for additional income streams, i.e. utility recapture/pet fees/etc. Concrete spalls repairs completed. Exterior painting in progress and to be completed by 3/01/2024. Coin operated laundry facility on site.

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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/147587831
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3206 Ala Ilima Streets , 30 Units Honolulu, HI 96818

  • Price: $11,000,000
  • Status: Active
  • On Site: 68 Days
  • MLS #: 202403475
0
Beds
0
Baths
0
½ Baths
0.7
Acres
8,096
SQFT
$1,359
$/SQFT
1973
Built
Neighborhood:
Salt Lake
County:
Oahu
Area:
Metro
Elementary School:
Salt Lake
Middle School:
Moanalua
High School:
Moanalua
Property Description
FIRST TIME ON MARKET! ****$2,000,000 PRICE REDUCTION!***** Trophy 3- story concrete apartment building (24,288 sf) in Salt Lake next to Hoa Aloha Neighborhood Park. 30 units (all 2 bedrooms) on 30,375 sf of A-2 zoned land (150" height limit) and one manager's office. 28 units are 2 beds, 1 bath (768sf) while 2 corner units are larger, 2 bed, 2 bath (1,184 sf) with private lanais and washer/dryer. 38+ parking stalls. 100% occupied. Rents under market and opportunities exist for additional income streams, i.e. utility recapture/pet fees/etc. Concrete spalls repairs completed. Exterior painting in progress and to be completed by 3/01/2024. Coin operated laundry facility on site.
Exterior Features

Construction Materials ConcreteDouble WallMasonry/Stucco Lot Description Clear Other Parking None Parking Assigned Parking Total 38 Roof Pitch & Gravel Stories Three Topography Level View CityGarden

Interior Features

Furnished Partial Laundry CoinDryerIndividualWasher Sq Ft Building 8096

Property Features

1 Bed Units 0 2 Bed Units 30 3 Or More Bed Units 0 Amenities None Annual Expenses 214724.00 Assessed Value Improvements 1966200.00 Assessed Value Land 3889400.00 Assessed Value Total 5855600.00 Building Type Apartments Disclosures None Documents Building PlansLease DocumentsP&LTitle Search Easements None Expenses Include Excise TaxInsuranceMgmt FeeOtherProperty TaxRepair MaintenanceSewer Fee Flood Zone Zone A Foreclosure YN No Land Recorded Regular System Land Tenure FS - Fee Simple Listing Financing 1031 ExchangeCashConventional Management Company Agency Rentals Net Operating Income 355540.00 Other Income 897.00 Possession At ClosingSubject To Tenancy Property Condition Above Average Recreation Facilities None Set Backs None Sewer Connected Special Sale Conditions None Studio Units 0 Tax Amount 1632.00 Tax Annual Amount 19584.00 Tax Paid By Seller No Tax Year 2023 Tenant Pays ACCable TVElectricityParking Total Actual Rent 46625.00 Total Income 570264.00 Utilities Available CableGasInternetPublic WaterSewer FeeTelephoneUnderground ElectricityWater Utilities Meters ElectricIndividual Zoning 12 - A-2 Medium Density Apartme

Listings provided courtesy of CBI Residential Advisory Svcs.: (808) 942-7100.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2024-04-20T10:17:10.74. 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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