Skip To Content

2908 Varsity Circle , #5

Honolulu, HI 96826
  • $2,200,000
  • STATUS: Active
  • ON SITE: 29 Days
  • MLS #: 202127221
UPDATED: 58 min ago
$2,200,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,068
    SQFT
  • $541
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1955
County:
Area:

School Ratings & Info

Description

Great location close to UH Manoa, Puck's Alley, and easy access west or east bound. This property has true pride of ownership and is very well maintained. Majority of the units have been refurbished and only a few units left to add your own personal touch. The one bedroom units are very spacious for one bedroom standards. The 8th unit was converted to a 2 bedroom unit so the 7th was decreased to a studio. The exterior has been recently painted and every unit could have a washer/dryer hook up or install your own coin operated laundry machines. The rent roll is lower than market because half of the building is occupied by family and friends. 6 out of the 8 leases are on a month to month term. There are 7 open parking stalls available. There used to be 8 but owner wanted to have slightly wider stalls. This is one of the cleanest and well kept buildings in the neighborhood and will be a perfect cash flow for a 1031 exchange. Please make an offer subject to inspection as we do not want to disrupt the tenants especially during the pandemic.

Monthly Payment Calculator



© 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/122983713
Print Image

2908 Varsity Circle , #5 Honolulu, HI 96826

  • Price: $2,200,000
  • Status: Active
  • On Site: 29 Days
  • Updated: 58 min ago
  • MLS #: 202127221
0
Beds
0
Baths
0
½ Baths
0.11
Acres
4,068
SQFT
$541
$/SQFT
1955
Built
Neighborhood:
Moiliili
County:
Oahu
Area:
Metro
Property Description
Great location close to UH Manoa, Puck's Alley, and easy access west or east bound. This property has true pride of ownership and is very well maintained. Majority of the units have been refurbished and only a few units left to add your own personal touch. The one bedroom units are very spacious for one bedroom standards. The 8th unit was converted to a 2 bedroom unit so the 7th was decreased to a studio. The exterior has been recently painted and every unit could have a washer/dryer hook up or install your own coin operated laundry machines. The rent roll is lower than market because half of the building is occupied by family and friends. 6 out of the 8 leases are on a month to month term. There are 7 open parking stalls available. There used to be 8 but owner wanted to have slightly wider stalls. This is one of the cleanest and well kept buildings in the neighborhood and will be a perfect cash flow for a 1031 exchange. Please make an offer subject to inspection as we do not want to disrupt the tenants especially during the pandemic.
Exterior Features

Construction Materials BrickSingle Wall Location Inside Lot Description Clear Other Parking None Parking AssignedOpen Parking Total 7 Property Frontage Stream/Canal Roof Asphalt Shingle Stories Two Topography Level View CityMountain

Interior Features

Elevators 0 Furnished Partial Laundry IndividualWasher Remodeled Year 1990 Sq Ft Building 4068

Property Features

1 Bed Units 6 2 Bed Units 1 3 Or More Bed Units 0 Amenities None Annual Expenses 15689.04 Assessed Value Improvements 457000.00 Assessed Value Land 1140100.00 Assessed Value Total 1597100.00 Building Type Apartments Disclosures Property Disclosure Stmt Documents Lease DocumentsP&L 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 CashConventional Management Company Self-Managed Net Operating Income 83431.00 Other Income 0.00 Possession At ClosingSubject To Tenancy Property Condition Above Average Recreation Facilities None Set Backs C&C Sewer Connected Special Sale Conditions None Studio Units 1 Tax Amount 579.38 Tax Paid By Seller No Tax Year 2020 Tenant Pays Cable TvElectricity Total Actual Rent 8260.00 Total Income 99120.00 Utilities Available CableInternetOverhead ElectricityPublic WaterSewer FeeTelephone Utilities Meters Water Zoning 11 - A-1 Low Density Apartment

Listings provided courtesy of Ivy K Realty, Llc.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2021-12-02T01:58:46.243. 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.
 
https://bt-photos.global.ssl.fastly.net/honolulu/orig_boomver_1_202127221-2.jpg https://bt-photos.global.ssl.fastly.net/honolulu/orig_boomver_1_202127221-2.jpg https://bt-photos.global.ssl.fastly.net/honolulu/orig_boomver_1_202127221-2.jpg
Logo
Weaver Hawaii | Keller Williams Honolulu
1347 Kapiolani Blvd, Suite 300
Honolulu HI, 96814