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1311 Freeland Place, Honolulu, HI 96813

$995,000

  • For Sale
  • Active
  • Multi-Family
  • Punchbowl-Lower
  • Fee Simple
1311 Freeland Place, Honolulu, HI 96813 View this property at 1311 Freeland Place, Honolulu, HI 96813
1311 Freeland Place Honolulu HI 96813

Map & Location

Street View

Property Description

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 for 1311 Freeland Place

  • Price: $995,000
  • Taxes: $198 (2017)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 201709061
  • Updated: 8/22/2017
  • Added: 202 day(s) ago

Property History

  • 1311 Freeland Place, Honolulu, HI
  • Listed at $995,000 on 5/1/17

Rooms

Other Rooms

  • Laundry: Coin

Additional Information

  • Amenities: None, Fire Sprinkler
  • Recreation: None

Parking

  • Parking Features: None
  • Parking Type: None
  • Other Parking Type: None

Location

  • Area: Metro
  • County: Oahu
  • Neighborhood: PUNCHBOWL-LOWER

School Information

  • Elementary School: Kaahumanu
  • Middle School: Central
  • High School: Mckinley

Utilities

  • Sewer: Connected
  • Utility Description: Cable, Gas, Internet, Overhead Electricity, Public Water, Telephone, Water
  • Metering: Electric, Gas, Individual, Water

Structural Information

  • Description/Design: Multi-Family
  • Exterior Const.: Concrete, Single Wall
  • Roof: Asphalt Shingle
  • Stories Description: Two
  • Square Feet: 2,456
  • Year Built: 1937
  • Property Condition: Fair

Unit Information

  • 1 Bedroom Units: 5
  • 2 Bedroom Units: 1

Lot Features

  • Property View: None
  • Lot Size (Sq. Ft.): 3,364
  • Topography: Level
  • Lot Features: Other
  • Zoning: 12 - A-2 Medium Density Apartme
  • Lot Description: Other

Financial Considerations

  • Expenses: Excise Tax, Insurance, Property Tax, Repair Maintenance
  • Operating Expenses: $21,574
  • Tax Amount: $198
  • Tax Year: 2017
  • Terms: Cash, Conventional, Exchange, Open, PMM
  • Tenant Pays: Cable TV, Electricity, Gas, Water

Disclosures and Reports

  • Ownership: FS - Fee Simple
  • Special Conditions: None
  • Documents Avail.: P&L, Tax Return
  • Land Tenure: Fee Simple
  • Flood Zone: Zone X
  • Disclosures/Reports: 1031 Exchange, Licensed Owner, Listor Owner
  • Property ID: 1-2-1-040-016-0000

Listed by Don Binning

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Estimate the Cost

1311 Freeland Place will cost you if you:

  • Buy it at list price: $
  • Put down a % down payment : $
  • Pay at a interest rate over

  • Pay $ per year in insurance and $ per year in property taxes.

*These costs are estimates, and the interest rates assume exceptional credit standing.

In the Community

Nearby Schools

1311 Freeland Place, Honolulu, HI 96813 (MLS# 201709061) is a Multi-Family property with 6 units containing 0 bedrooms and 0 full bathrooms. 1311 Freeland Place is currently listed for $995,000 and was received on May 01, 2017. Want to learn more about 1311 Freeland Place? Do you have questions about finding other Multi-Family real estate for sale in Punchbowl-Lower? You can browse all Punchbowl-Lower real estate or contact a Coldwell Banker agent to request more information.

Listed by Don Binning