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
Full Property Details for 1812 Algaroba Street
Sold For: $1,265,000
Taxes: $259 (2018)
MLS ID: 201809364
Added: 125 day(s) ago
Laundry: Coin, Dryer, Washer
Parking Features: Open
Parking Type: Open
Other Parking Type: None
Mgmt. Company: Apartment Advisors
Utility Description: Cable, Gas, Internet, Public Water, Sewer Fee, Telephone, Water
Metering: Electric, Gas, Individual
Exterior Const.: Double Wall, Single Wall, Wood Frame
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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
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.
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.
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Lease with a Right to Purchase
A new affordable option from Home Partners of America. They buy the home, you lease it for 1-5 years with a right to purchase.