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981 Prospect Street, Honolulu, HI 96822

$1,295,000

  • For Sale
  • Active
  • Single Family
  • 6 Beds
  • 3 Full Baths
  • 1 Partial Bath
  • 2,422 Sq. Ft.
  • Punchbowl Area
  • Fee Simple
  • Updated 8 days ago
981 Prospect Street, Honolulu, HI 96822 View this property at 981 Prospect Street, Honolulu, HI 96822
981 Prospect Street Honolulu HI 96822

Property Description

REMODELED in 2016, 4-UNIT, MULTI-FAMILY INVESTMENT PROPERTY IN TOWN! Highly desirable Makiki/Punchbowl area. 4 separate units: Street Level - 4 bed/1-1/2 bath; 2nd floor - 1 bed/1-bath + 1 den; lower level (units 2 & 3) consist of 2 efficiencies (2 kitchenettes, 1 shared bath that open to a large backyard). Live in one unit and lease the others, or lease all four. Home has a 1-car garage & 5 total parking. Currently Leased: Street Level: $3,100/mo; 2nd floor: $1950; Projected Monthly Lease: Lower Yard-Level 1: $950, Lower Yard-Level 2: $950 (these 2 are occupied by family members). TOTAL REVENUE $6,950 per month. Gross per annum: $83,400. NOI projected at $63,400 per annum, for a CAP rate of 4.89% and GRM of 15.

Full Property Details for 981 Prospect Street

  • Price: $1,295,000
  • Taxes: $271 (2016)
  • Status: Active
  • Type: Single Family
  • MLS ID: 201712958
  • Updated: 11/15/2017
  • Added: 168 day(s) ago

Property History

  • 981 Prospect Street, Honolulu, HI
  • Reduced to $1,295,000 on 9/29/17
  • Reduced to $1,475,000 on 7/11/17
  • Listed at $1,595,000 on 6/9/17

Interior

  • Furnishings: None
  • Flooring: Ceramic Tile

Rooms

Bathrooms

  • Total Bathrooms: 4
  • Full Bathrooms: 3
  • Half Bathrooms: 1

Bedrooms

  • Total Bedrooms: 6
  • Main Level Bedroom: Yes

Additional Information

  • Amenities: Bedroom on 1st Floor, Full Bath on 1st Floor
  • Pool Description: None

Parking

  • Garage: Yes
  • Garage Description: 160 Sq. Ft.
  • Garage Spaces: 3
  • Parking Features: 3 Car+, Driveway, Garage

Location

  • Area: Metro
  • County: Oahu
  • Neighborhood: PUNCHBOWL AREA

Utilities

  • Utility Description: Cable, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water

Structural Information

  • Architectural Style: Detach Single Family
  • Description/Design: Single Family
  • Exterior Const.: Other, Wood Frame
  • Roof: Asphalt Shingle
  • Stories Description: Three+
  • Square Feet: 2,422
  • Year Built: 1922
  • Remodeled/Addition: Yes
  • Remodeled/Updated: 2016
  • Property Condition: Average

Lot Features

  • Property View: None, Mountain, Other
  • Mountain views: Yes
  • Lot Size (Sq. Ft.): 4,285
  • Frontage: Paved Rd
  • Topography: Down Slope
  • Lot Features: Other
  • Zoning: 12 - A-2 Medium Density Apartme

Financial Considerations

  • Tax Amount: $271
  • Tax Year: 2016
  • Terms: Cash, Conventional

Disclosures and Reports

  • Ownership: FS - Fee Simple
  • Special Conditions: None
  • Land Tenure: Fee Simple
  • Inclusions: Range/Oven, Refrigerator
  • Flood Zone: Zone X
  • Disclosures/Reports: Call Listor
  • Property ID: 1-2-4-015-032-0000

Listed by Eovino & Associates, Inc. and Eovino & Associates, Inc.

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Estimate the Cost

981 Prospect Street 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

981 Prospect Street, Honolulu, HI 96822 (MLS# 201712958) is a Single Family property with 6 bedrooms, 3 full bathrooms and 1 partial bathroom. 981 Prospect Street is currently listed for $1,295,000 and was received on June 09, 2017. Want to learn more about 981 Prospect Street? Do you have questions about finding other Single Family real estate for sale in Punchbowl Area? You can browse all Punchbowl Area real estate or contact a Coldwell Banker agent to request more information.

Listed by Eovino & Associates, Inc. and Eovino & Associates, Inc.

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