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2963 Koali Road, Honolulu, HI 96826

$5,250,000

  • For Sale
  • Active
  • Multi-Family
  • University
  • Fee Simple
2963 Koali Road, Honolulu, HI 96826 View this property at 2963 Koali Road, Honolulu, HI 96826
2963 Koali Road Honolulu HI 96826

Property Description

2963 Koali Road is a fee simple investment opportunity consisting of nine (9) detached residential units on approximately 37,830 square feet of land. The property is ideally situated in urban Honolulu on the island of Oahu, adjacent to the University of Hawaii at Manoa. Over the past five years the owner has made substantial renovations to each of the nine (9) homes, with completion of the last house occurring in early 2017. The property is located in a residential district with stable cash fl ow from in-place rental rates. The property is currently 99% occupied with (1) 2-bedroom/1 bath home vacant and available for showings.

Full Property Details for 2963 Koali Road

  • Price: $5,250,000
  • Taxes: $918 (2017)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 201716854
  • Updated: 8/22/2017
  • Added: 112 day(s) ago

Property History

  • 2963 Koali Road, Honolulu, HI
  • Listed at $5,250,000 on 7/31/17

Rooms

Other Rooms

  • Laundry: Coin, Dryer

Additional Information

  • Amenities: Storage

Parking

  • Parking Features: Assigned, Covered, Tandem
  • Parking Type: Assigned, Covered, Tandem
  • Other Parking Type: <10 Spaces

Location

  • Area: Metro
  • County: Oahu
  • Neighborhood: UNIVERSITY

Utilities

  • Sewer: Connected
  • Utility Description: Cable, Internet, Overhead Electricity, Sewer Fee, Telephone, Water
  • Metering: Electric

Structural Information

  • Description/Design: Multi-Family
  • Exterior Const.: Above Ground, Wood Frame
  • Roof: Other
  • Stories Description: One
  • Year Built: 1938
  • Remodeled/Updated: 2016
  • Property Condition: Average

Unit Information

  • 1 Bedroom Units: 1
  • 2 Bedroom Units: 7
  • 3 Bedroom Units: 1

Lot Features

  • Property View: None
  • Lot Size (Sq. Ft.): 37,830
  • Topography: Gentle Slope
  • Lot Features: Other
  • Zoning: 05 - R-5 Residential District
  • Lot Description: Other

Financial Considerations

  • Expenses: Excise Tax, Insurance, Property Tax, Repair Maintenance
  • Operating Expenses: $109,990
  • Tax Amount: $918
  • Tax Year: 2017
  • Terms: Cash, Conventional, Exchange, Other
  • Tenant Pays: Cable TV, Electricity

Disclosures and Reports

  • Ownership: FS - Fee Simple
  • Special Conditions: None
  • Land Tenure: Fee Simple
  • Flood Zone: Zone AE
  • Disclosures/Reports: None
  • Property ID: 1-2-8-027-002-0000

Listed by Bratton Realty Advisors, Ltd.

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Estimate the Cost

2963 Koali Road 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

2963 Koali Road, Honolulu, HI 96826 (MLS# 201716854) is a Multi-Family property with 9 units containing 0 bedrooms and 0 full bathrooms. 2963 Koali Road is currently listed for $5,250,000 and was received on July 31, 2017. Want to learn more about 2963 Koali Road? Do you have questions about finding other Multi-Family real estate for sale in University? You can browse all University real estate or contact a Coldwell Banker agent to request more information.

Listed by Bratton Realty Advisors, Ltd.