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$1,875,000
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Property Description
Iolani school neighborhood GEM! Super desirable neighborhood with maximum rentability with solid, seasoned rents and great rental comps demonstrating ultimate rentability for value-adding to market rates. Don't miss out on this rare opportunity to own these just under 700sf two bed units with nice grassy yard and covered one-to-one parking on a very nice-sized lot. Add your own coin laundry and charge for parking for more income. All tenants on MTM agreements. PLEASE do not disturb tenants or walk/ park on property. All washing machines are tenant-owned, separately metered for electricity.
Full Property Details
Full Property Details for 509 Lauiki St
General
- Sold For: $1,875,000
- Taxes: $6,276 (2023)
- Status: Closed
- Type: Multi-Family
- Source: Honolulu_Board_Of_Realtors
- MLS ID: 202306967
- Added to Site: 1, 062 day(s) ago
Interior
- Furnishings: Partial
Rooms
Other Rooms
- Laundry: Individual
Additional Information
- Amenities: None
- Recreation: None
Parking
- Parking Features: Assigned, Covered
- Parking Type: Assigned, Covered
- Other Parking Type: None
Location
- Area: Metro
- County: Oahu
- Neighborhood: KAPIOLANI
Community
- Mgmt. Company: Self Managed
Utilities
- Sewer: Connected
- Utility Description: Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
- Metering: Electric, Water
Structural Information
- Description/Design: Multi-Family
- Exterior Const.: Hollow Tile, Single Wall, Wood Frame
- Roof: Custom/Specialty
- Stories/Levels: 2
- Stories Description: Two
- Square Feet: 4,180
- Year Built: 1952
- Remodeled/Updated: 1957
- Property Condition: Above Average
Unit Information
- 2 Bedroom Units: 6
Lot Features
- Property View: None
- Lot Size (Sq. Ft.): 7,199
- Topography: Level
- Lot Features: Clear
- Zoning: 13 - A-3 High Density Apartment
- Lot Description: Clear
Financial Considerations
- Expenses: Excise Tax, Insurance, Other, Property Tax, Repair Maintenance, Sewer Fee
- Operating Expenses: $27,168
- Tax Amount: $6,276
- Tax Year: 2023
- Terms: Cash, Conventional, Exchange
- Tenant Pays: Cable TV, Electricity
Disclosures and Reports
- Ownership: FS - Fee Simple
- Special Conditions: None
- Documents Avail.: Lease Documents, P&L, Title Search
- Land Tenure: Fee Simple
- Flood Zone: Zone A
- Disclosures/Reports: 1031 Exchange, Pet on Property
- Property ID: 1-2-7-013-024-0000
Listed by Commercial Inv. Strategies
Sold by Golden Realty LLC
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Schools
Schools serving 509 Lauiki St
School District:Hawaii Department of Education
| Name | Grades | Distance |
|---|---|---|
Ala Wai Elementary School 503 Kamoku Street, Honolulu, HI 96826 | PK-5 | 0.1 mi |
President George Washington Middle School 1633 South King Street, Honolulu, HI 96826 | 6-8 | 0.9 mi |
Kaimuki High School 2705 Kaimuki Avenue, Honolulu, HI 96816 | 9-12 | 0.6 mi |
Disclaimer:
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 509 Lauiki St
Date
Details
Price
Change
Source
6/30/2023
Sold
$1,875,000
2.74%
MLS
3/31/2023
Listed
$1,825,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
509 Lauiki Street, Honolulu, HI 96826 (MLS# 202306967) is a Multi-Family property that was sold at $1,875,000 on June 30, 2023. Want to learn more about 509 Lauiki Street? Do you have questions about finding other Multi-Family real estate for sale in Kapiolani? You can browse all Kapiolani real estate or contact a Coldwell Banker agent to request more information.

