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1641 Stillman Lane, Honolulu, HI 96817

$1,850,000

  • For Sale
  • Active
  • Multi-Family
  • Kuakini
  • Fee Simple
1641 Stillman Lane, Honolulu, HI 96817 View this property at 1641 Stillman Lane, Honolulu, HI 96817
1641 Stillman Lane Honolulu HI 96817

Property Description

Cash cow in super convenient area. Where else will you find a 5.81% cap rate so close to downtown? Located between the Pali Highway and Liliha Street, walkable from downtown Honolulu. TWO buildings, upgraded interiors, 2005 renovation (new laminate floors, paint, appliances, 4 new kitchens, copper supply lines & copper drain lines in many areas). Back building (hollow tile and wood) four units: 3 twos and 1 one w/sep. meters, so tenants pay their own electric. Front building (hollow tile) three units: 2 threes and 1 two w/ one electrical meter (elect paid by owner). Recorded encroachment agreement. One water meter, owner pays. Steep incline to the property. Brand new sump pump + grinder system so sewage reaches street level. Stream=Flood
ins is transferable, costs $2869.

Full Property Details for 1641 Stillman Lane

  • Price: $1,850,000
  • Taxes: $284 (2017)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 201709077
  • Updated: 11/9/2017
  • Added: 207 day(s) ago

Property History

  • 1641 Stillman Lane, Honolulu, HI
  • Listed at $1,850,000 on 5/1/17

Interior

  • Furnishings: Partial

Rooms

Other Rooms

  • Laundry: Coin, Dryer, Washer

Additional Information

  • Amenities: None
  • Recreation: None

Parking

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

Location

  • Area: Metro
  • County: Oahu
  • Neighborhood: KUAKINI

Utilities

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

Structural Information

  • Description/Design: Multi-Family
  • Exterior Const.: Hollow Tile, Wood Frame
  • Roof: Composition
  • Stories Description: Two, Three
  • Square Feet: 4,060
  • Year Built: 1956
  • Remodeled/Updated: 2006
  • Property Condition: Average

Unit Information

  • 1 Bedroom Units: 1
  • 2 Bedroom Units: 4
  • 3 Bedroom Units: 2

Lot Features

  • Property View: Other
  • Lot Size (Sq. Ft.): 5,479
  • Topography: Down Slope
  • Lot Features: Clear
  • Zoning: 11 - A-1 Low Density Apartment
  • Lot Description: Clear

Water Features

  • Water Front: Yes

Financial Considerations

  • Expenses: Excise Tax, Insurance, Other, Property Tax, Repair Maintenance, Sewer Fee
  • Operating Expenses: $37,847
  • Tax Amount: $284
  • Tax Year: 2017
  • Terms: Cash, Conventional, Exchange
  • Tenant Pays: Electricity

Disclosures and Reports

  • Ownership: FS - Fee Simple
  • Special Conditions: None
  • Documents Avail.: Lease Documents, P&L, Survey, Title Search
  • Land Tenure: Fee Simple
  • Flood Zone: Zone AE
  • Disclosures/Reports: 1031 Exchange, Non Resident Owner
  • Property ID: 1-1-7-019-026-0000

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Estimate the Cost

1641 Stillman Lane 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

1641 Stillman Lane, Honolulu, HI 96817 (MLS# 201709077) is a Multi-Family property with 7 units containing 0 bedrooms and 0 full bathrooms. 1641 Stillman Lane is currently listed for $1,850,000 and was received on May 01, 2017. Want to learn more about 1641 Stillman Lane? Do you have questions about finding other Multi-Family real estate for sale in Kuakini? You can browse all Kuakini real estate or contact a Coldwell Banker agent to request more information.

Listed by Commercial Inv. Strategies