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2842 Kaimuki Avenue, Honolulu, HI 96816
$2,300,000
2842 Kaimuki Avenue, Honolulu, HI 96816View this property at 2842 Kaimuki Avenue, Honolulu, HI 96816
2842 Kaimuki AvenueHonoluluHI96816
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Property Description
Rare opportunity with great cash flow. Proforma 6.12% cap rate. Call Listor for financials. 23 room dormitory complex in convenient location off of Kapahulu Avenue. 22 partially furnished rooms each with sink, microwave, small refrigerator, window A/C and bed that share 4 full bathrooms. One studio unit with full kitchen above parking area with full bath. One electrical, water and gas (water heater) meters for the entire complex. Secured, gated entry with lush landscaping and picnic area for tenants with gas BBQ grill. Coin-operated washer and dryer machines. Wi-Fi provided for Tenants.
Full Property Details
Full Property Details for 2842 Kaimuki Ave
General
- Sold For: $2,300,000
- Taxes: $5,856 (2023)
- Status: Closed
- Type: Multi-Family
- MLS ID: 202310419
- Added to Site: 357 day(s) ago
Interior
- Furnishings: Partial
Rooms
Other Rooms
- Laundry: Dryer, Washer
Additional Information
- Amenities: A/C
- Recreation: None
Parking
- Parking Features: Assigned, Covered
- Parking Type: Assigned, Covered
- Other Parking Type: None
Location
- Area: Metro
- County: Oahu
- Neighborhood: KAPAHULU
Utilities
- Sewer: Connected
- Utility Description: Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee
- Metering: Electric, Gas, Water
Structural Information
- Description/Design: Multi-Family
- Exterior Const.: Hollow Tile, Wood Frame
- Roof: Composition
- Stories/Levels: 2
- Stories Description: Two
- Square Feet: 3,410
- Year Built: 1967
- Remodeled/Updated: 2006
- Property Condition: Above Average
Lot Features
- Property View: City, Other
- Lot Size (Sq. Ft.): 5,524
- Topography: Level
- Lot Features: Clear
- Zoning: 12 - A-2 Medium Density Apartme
- Lot Description: Clear
Financial Considerations
- Expenses: Excise Tax, Insurance, Mgmt Fee, Other, Property Tax, Repair Maintenance, Sewer Fee
- Operating Expenses: $88,167
- Tax Amount: $5,856
- Tax Year: 2023
- Terms: Cash, Conventional, 1031 Exchange
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: FS - Fee Simple
- Special Conditions: None
- Documents Avail.: Lease Documents, P&L
- Land Tenure: Fee Simple
- Flood Zone: Zone X
- Disclosures/Reports: None
- Property ID: 1-2-7-030-027-0000
Listed by Marcus Realty
Sold by Dower Realty, Inc.
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Schools
Schools serving 2842 Kaimuki Ave
School District:Hawaii Department Of Education
Rating | Name | Grades | Distance |
---|---|---|---|
2759 S King St, Honolulu, HI 96826 | K-5 | 0.4 mi | |
1633 S King St, Honolulu, HI 96826 | 6-8 | 1.5 mi | |
2705 Kaimuki Ave, Honolulu, HI 96816 | 9-12 | 0.2 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 for 2842 Kaimuki Ave
Date
Details
Price
Change
Source
3/25/2024
Sold
$2,300,000
-6.12%
MLS
10/19/2023
Price Reduced
$2,450,000
-7.55%
MLS
5/08/2023
Listed
$2,650,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
2842 Kaimuki Avenue, Honolulu, HI 96816 (MLS# 202310419) is a Multi-Family property that was sold at $2,300,000 on March 25, 2024. Want to learn more about 2842 Kaimuki Avenue? Do you have questions about finding other Multi-Family real estate for sale in Kapahulu? You can browse all Kapahulu real estate or contact a Coldwell Banker agent to request more information.