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743 Pumehana Street, Honolulu, HI 96826
$1,480,000
743 Pumehana Street, Honolulu, HI 96826View this property at 743 Pumehana Street, Honolulu, HI 96826
743 Pumehana StreetHonoluluHI96826
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Property Description
Rare investment opportunity! Offered below assessed value. A-2 Zoned apartment building in the heart of Honolulu on a 5000 SF Level lot with 8 separate electrical meters. Super convenient and desirable location only minutes to Waikiki, Ala Moana, UH and just a stones throw to McCully Shopping Center where you'll find ample eateries and dining options. Property consists of two, 2-story dwellings with a total of 8 units, all 2 bed/1 bath. The new owner can take over the tenants and continue to enjoy a steady 4.5% CAP rate, upgrade the existing units to increase the revenue or explore the option to redevelop affordable rental units under Bill 7 to maximize the property's highest and best use. Current income may not measure the building's full occupancy potential or current market rates. Property is being sold Strictly As-Is, the two structures have deferred maintenance and are ready to be renovated or rebuilt. Priced at land value, buyers to conduct their own due diligence. Please do not disturb tenants. Act quickly, don't miss out on your chance to own an amazing investment in an unbeatable area!
Full Property Details
Full Property Details for 743 Pumehana St
General
- Sold For: $1,480,000
- Taxes: $4,752 (2023)
- Status: Closed
- Type: Multi-Family
- MLS ID: 202310461
- Added to Site: 351 day(s) ago
Additional Information
- Amenities: None
Parking
- Parking Features: Unassigned
- Parking Type: Unassigned
- Other Parking Type: None
Location
- Area: Metro
- County: Oahu
- Neighborhood: MCCULLY
Utilities
- Sewer: Connected
- Utility Description: Cable, Internet, Overhead Electricity, Sewer Fee, Water
- Metering: Electric, Gas, Individual, Water
Structural Information
- Description/Design: Multi-Family
- Exterior Const.: Above Ground, Single Wall, Slab
- Roof: Asphalt Shingle
- Stories/Levels: 2
- Stories Description: Two
- Square Feet: 4,230
- Year Built: 1931
- Property Condition: Fair, Needs Major Repair
Unit Information
- 2 Bedroom Units: 8
Lot Features
- Property View: None
- Lot Size (Sq. Ft.): 5,000
- Topography: Level
- Lot Features: Clear
- Zoning: 12 - A-2 Medium Density Apartme
- Lot Description: Clear
Financial Considerations
- Expenses: Excise Tax, Mgmt Fee, Other, Property Tax, Repair Maintenance, Sewer Fee
- Operating Expenses: $44,384
- Tax Amount: $4,752
- Tax Year: 2023
- Terms: Cash
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: FS - Fee Simple
- Special Conditions: None
- Land Tenure: Fee Simple
- Flood Zone: Zone AO
- Disclosures/Reports: Property Disclosure Stmt
- Property ID: 1-2-3-033-010-0000
Listed and Sold by Keller Williams Honolulu
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Schools
Schools serving 743 Pumehana St
School District:Hawaii Department Of Education
Rating | Name | Grades | Distance |
---|---|---|---|
810 Pumehana St, Honolulu, HI 96826 | K-5 | 0.1 mi | |
1633 S King St, Honolulu, HI 96826 | 6-8 | 0.3 mi | |
2705 Kaimuki Ave, Honolulu, HI 96816 | 9-12 | 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 for 743 Pumehana St
Date
Details
Price
Change
Source
10/05/2023
Sold
$1,480,000
23.33%
MLS
5/12/2023
Listed
$1,200,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
743 Pumehana Street, Honolulu, HI 96826 (MLS# 202310461) is a Multi-Family property that was sold at $1,480,000 on October 05, 2023. Want to learn more about 743 Pumehana 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.