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1812 Algaroba Street, Honolulu, HI 96826

$1,265,000

  • Sold
  • Closed
  • Multi-Family
  • McCully
  • Fee Simple
1812 Algaroba Street, Honolulu, HI 96826View this property at 1812 Algaroba Street, Honolulu, HI 96826
1812 Algaroba StreetHonoluluHI96826
Map & Location
Street View
Property Description
Here is it! 7 Units @ $185k per door!! $61k in NOI for a McCully apartment property! Some upside potential to increase NOI. This property is perfect for the investor looking to get started in the apartment market. The numbers work on this without having to put a 45%-50% down payment (like all the other apartment buildings). Concerned about limited parking? Most of current tenants bike, bus, walk, or Uber around (or find street parking). The property is one street from King St (Major bus line, Restaurants, Grocery, etc.) and draws renters from Downtown to Waikiki to UH Manoa due to the central location.

Full Property Details for 1812 Algaroba Street

General

  • Sold For: $1,265,000
  • Taxes: $259 (2018)
  • Status: Closed
  • Type: Multi-Family
  • MLS ID: 201809364
  • Added: 125 day(s) ago

Interior

  • Furnishings: Partial

Rooms

Other Rooms

  • Laundry: Coin, Dryer, Washer

Additional Information

  • Amenities: None
  • Recreation: None

Parking

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

Location

  • Area: Metro
  • County: Oahu
  • Neighborhood: MCCULLY

Community

  • Mgmt. Company: Apartment Advisors

Utilities

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

Structural Information

  • Description/Design: Multi-Family
  • Exterior Const.: Double Wall, Single Wall, Wood Frame
  • Roof: Asphalt Shingle
  • Stories Description: One, Two
  • Square Feet: 2,340
  • Year Built: 1953
  • Remodeled/Updated: 2008
  • Property Condition: Average

Unit Information

  • 1 Bedroom Units: 3

Lot Features

  • Property View: None
  • Lot Size (Sq. Ft.): 3,116
  • Topography: Down Slope, Level
  • Lot Features: Clear
  • Zoning: 33 - BMX-3 Community Business M
  • Lot Description: Clear

Financial Considerations

  • Expenses: Excise Tax, Mgmt Fee, Other, Property Tax, Repair Maintenance
  • Operating Expenses: $28,804
  • Tax Amount: $259
  • Tax Year: 2018
  • Terms: Cash, Conventional, Exchange, Open
  • Tenant Pays: Cable TV, Electricity, Gas, Other

Disclosures and Reports

  • Ownership: FS - Fee Simple
  • Special Conditions: None
  • Documents Avail.: Lease Documents, P&L
  • Land Tenure: Fee Simple
  • Flood Zone: Zone AE
  • Disclosures/Reports: None
  • Property ID: 1-2-3-028-024-0000

Listed by Apartment Advisors, LLC
Sold by BHGRE Advantage Realty

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Your Property Information

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Schools

Schools serving 1812 Algaroba Street

Score
Name
Grades
Distance
5
810 Pumehana St, Honolulu, HI 96826
PK-5
0.2 mi
5
1633 South King St, Honolulu, HI 96826
6-8
0.2 mi
2
2705 Kaimuki Avenue, Honolulu, HI 96816
9-12
1.1 mi
Disclaimer: School ratings provided by GreatSchools. Ratings are on a scale of 1-10. Learn more about GreatSchools ratings. School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History

Price & Sales History for 1812 Algaroba Street

Date
Details
Price
Change
Source
7/11/2018
Sold
$1,265,000
-2.54%
MLS
4/12/2018
Listed
$1,298,000
MLS
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Community Info

Community Info for 1812 Algaroba Street

Listed by Apartment Advisors, LLC
Sold by BHGRE Advantage Realty

1812 Algaroba Street, Honolulu, HI 96826 (MLS# 201809364) is a Multi-Family property that was sold at $1,265,000 on July 11, 2018. Want to learn more about 1812 Algaroba Street? Do you have questions about finding other Multi-Family real estate for sale in McCully? You can browse all McCully real estate or contact a Coldwell Banker agent to request more information.