Cash cow! 6 separate apartments, all with their own entrance from the outside. No interconnecting doors. New roof installed Feb 2017. Tenants pay all their own utilities. Separate water meter for each unit. Building may not match tax records. Community coin operated washer and dryer. Fully occupied by long term tenants. Building is 2456 sq ft and lot is 3363 sq ft. Zoned A-2 medium density. NOI is $59,684 for 2016. Cap rate is 6% for 2016. $995,000 only $166,000 per unit. No parking , but bus stops nearby.
Full Property Details
Full Property Detailsfor 1311 Freeland Place
Sold For: $875,000
Taxes: $198 (2017)
MLS ID: 201709061
Added: 388 day(s) ago
Amenities: None, Fire Sprinkler
Parking Features: None
Parking Type: None
Other Parking Type: None
Elementary School: Kaahumanu
Middle School: Central
High School: Mckinley
Utility Description: Cable, Gas, Internet, Overhead Electricity, Public Water, Telephone, Water
1311 Freeland Place, Honolulu, HI 96813 (MLS# 201709061) is a
Multi-Family property that was sold at $875,000 on March 08, 2018.
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