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1218 N King Street

Honolulu, HI 96817 View Map $4,900,000 Schedule a Tour
Sq.Ft. Lot9,507
Year1970
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1218 N King Street Honolulu, HI 96817 | MLS 202311568 Photo 1
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Koa Cassady

Koa Cassady

(808) 777-0588
 
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Status: Active Under Contract - In Escrow (Showing)
Property Type:Multi-Family
MLS #:202311568
On Site:127 Days
Lot Size:9,507 Sq. Ft.
County:Oahu
Opportunity knocks! TWO 3 story hollow tile buildings located across from the post office on N King, this well-maintained 20-unit apartment building has 5 retail spaces, 9 one-bedroom units, 4 two-bedrooms, 1 three-bedroom, and 1 warehouse unit (approx 645sf). (Legally 8 one-beds, 6 twos, 5 retail, and 1 warehouse-2 twos converted to a three and a one bedroom). Owner recently fixed spalling and painted, and has taken excellent care of the building. Property has 1:1 parking (some covered), and access from Long Lane via N King. Below market rents with opportunity to create better cash flow with minimal cap expenditure.

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$000 Monthly Payment
Loan and interest only.

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Price Change History

Date Old Price New Price Percent Change
8/10/2023$5,000,000$4,900,000-2%

Community Information

Address:1218 N King Street, Honolulu, HI 96817
Area:Metro
County:Oahu
Neighborhood:Kapalama
Zip Code:96817

Architecture

Year Built:1970
Stories:Three
Total Sq. Ft.: 10785
Construction Type: Hollow Tile
Building Num. Floors: Three
Year Remodeled: 2022
Roof: Road Frontage
Parking: Covered, Tandem

Features / Amenities

Furnished: Partial
Property Condition: Excellent

Property Features

Lot Size: 9,507 Sq. Ft.
Lot Features: Clear
Land Tenure: Fee Simple
Topography: Level
View: Mountain, Sunrise, Sunset
Location: Corner
Utilities Available: Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
Easements: Electric
Sewer: Connected
Zoning:33 - BMX-3 Community Business M

Tax and Financial Info

Tax Amount: $2,957.09
Tax Year: 2023
Tenants Responsibilities Includes: AC, Cable TV, Electricity
Total Actual Rent: $21,150
Net Operating Income: $129,059
Other Income: $208.33
Total Income: $256,300
Total Annual Operating Expenses: $127,241
Tax Assessed: $3,058,000
Tax Assessed Improvements: $964,500
Documents: Lease Documents, P&L, Title Search
Disclosures: 1031 Exchange

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1218 N King Street Honolulu, HI 96817
GO SEE THIS LISTING
1218 N King Street Honolulu, HI 96817
 
ASAP
Thu
5
Oct
Fri
6
Oct
Sat
7
Oct
Sun
8
Oct
Mon
9
Oct
Tue
10
Oct
Wed
11
Oct
Choose Your Date -- It's Free, Cancel Anytime
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Listing Information Last Updated 10/4/2023
Listing provided courtesy of Commercial Inv. Strategies.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Dwell Hawaii are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.