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1735 Young Street

Honolulu, HI 96826
  • $8,250,000
  • STATUS: Active Under Contract
  • ON SITE: 5 Days
  • MLS #: 202129560
Under Contract
UPDATED: 70 min ago
$8,250,000
  • 0
    BEDS
  • 0.26
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 16,170
    SQFT
  • $510
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1959
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

First time on the market for sale. Built to last, all concrete/CMU buildings in very good condition, owned and maintained by one family. Solid income property, currently below market rent with upside potential in one of Honolulu's up and coming mixed business neighborhoods where highest and best use redevelopment is possible. The Wong Lum Apartments are comprised of 2 separate three-story walk-up apartment buildings, consisting of 13-two bedroom units and 12-one bedroom units situated on AMX-2 zoned land totaling approximately 11,392 square feet. Community coin laundry located on the ground floor at the back of each building. Stable long-term tenant mix, easy to rent, located in a prime business and residential area allowing for convenience to retail establishments, public transportation, schools, hospitals, parks and recreation. This offering presents a unique opportunity for value-add investors and/or developers looking to acquire a strong income producing property for further redevelopment options in the future.

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© 2021 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Weaver Hawaii | Keller Williams Honolulu.

Licensed in the State of Hawaii, USA.
www.weaverhawaii.com/homes/123555355
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1735 Young Street Honolulu, HI 96826

  • Price: $8,250,000
  • Status: Active Under Contract
  • On Site: 5 Days
  • Updated: 70 min ago
  • MLS #: 202129560
0
Beds
0
Baths
0
½ Baths
0.26
Acres
16,170
SQFT
$510
$/SQFT
1959
Built
Neighborhood:
Moiliili
County:
Oahu
Area:
Metro
Elementary School:
Lunalilo
Middle School:
Mckinley
High School:
Washington
Property Description
First time on the market for sale. Built to last, all concrete/CMU buildings in very good condition, owned and maintained by one family. Solid income property, currently below market rent with upside potential in one of Honolulu's up and coming mixed business neighborhoods where highest and best use redevelopment is possible. The Wong Lum Apartments are comprised of 2 separate three-story walk-up apartment buildings, consisting of 13-two bedroom units and 12-one bedroom units situated on AMX-2 zoned land totaling approximately 11,392 square feet. Community coin laundry located on the ground floor at the back of each building. Stable long-term tenant mix, easy to rent, located in a prime business and residential area allowing for convenience to retail establishments, public transportation, schools, hospitals, parks and recreation. This offering presents a unique opportunity for value-add investors and/or developers looking to acquire a strong income producing property for further redevelopment options in the future.
Exterior Features

Construction Materials Above GroundConcreteHollow TileSlab Location CornerInside Lot Description Clear Other Parking None Parking AssignedCoveredOpenTandem Parking Total 19 Roof Other Stories Three Topography Level View CityGarden

Interior Features

Elevators 0 Furnished Partial Laundry CoinDryerWasher Remodeled Year 1970 Sq Ft Building 16170

Property Features

1 Bed Units 12 2 Bed Units 13 3 Or More Bed Units 0 Amenities None Annual Expenses 65937.00 Assessed Value Improvements 1291400.00 Assessed Value Land 2350600.00 Assessed Value Total 3642000.00 Building Type Apartments Disclosures None Documents InventoryLease DocumentsP&LSurveyTax ReturnTitle Search Easements None Expenses Include Excise TaxInsuranceProperty TaxSewer Fee Flood Zone Zone X Foreclosure YN No Land Recorded Land Court Land Tenure Fs - Fee Simple Listing Financing CashConventionalExchangeOpen Net Operating Income 270525.00 Other Income 776.00 Possession At ClosingSubject To Tenancy Property Condition Above Average Recreation Facilities None Set Backs C&C Sewer Connected Special Sale Conditions None Studio Units 0 Tax Amount 1074.00 Tax Paid By Seller No Tax Year 2020 Tenant Pays Cable TvElectricityParking Total Actual Rent 27262.00 Total Income 336462.00 Utilities Available CableInternetOverhead ElectricityPublic WaterWater Utilities Meters Electric Zoning 17 - Amx-2 Medium Density Apt M

Listings provided courtesy of Honolulu Property Advisors Llc.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2021-11-30T08:58:34.843. Information is deemed reliable but not guaranteed. Copyright: 2021 by HiCentral MLS, Ltd.


© 2021 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Weaver Hawaii | Keller Williams Honolulu.

Licensed in the State of Hawaii, USA.
 
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Honolulu HI, 96814