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745 Makaleka Avenue

Honolulu, HI 96816
  • $2,800,000
  • STATUS: Active Under Contract
  • ON SITE: 15 Days
  • MLS #: 202209008
Under Contract
UPDATED: 63 min ago
$2,800,000
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 4,514
    SQFT
  • $620
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1962
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

First time on the market. Well-maintained 8 unit all-concrete building with excellent unit mix (6) 2-bedroom and (2) 1-bedroom units. 9 total parking stalls available. 7 on-site parking stalls (one stall is tandem) + 2 stalls leased directly across Makaleka Street for $60/mo each. There is also the ability to rent additional stalls across the street if desired, and plenty of street parking. All units have lanais and most have washing machines. This building has copper gutters, separate electrical meters, and a rare yard in the back. Over $200,000 in capital improvements over the past 5 years. Sizeable land area provides development options under Bill 7. Very close to stores and restaurants on Kapahulu Ave. 3 units are vacant and easy to show. Proforma NOI should be closer to $125,600.

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© 2022 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/128564276
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745 Makaleka Avenue Honolulu, HI 96816

  • Price: $2,800,000
  • Status: Active Under Contract
  • On Site: 15 Days
  • Updated: 63 min ago
  • MLS #: 202209008
0
Beds
0
Baths
0
½ Baths
0.14
Acres
4,514
SQFT
$620
$/SQFT
1962
Built
Neighborhood:
Kapahulu
County:
Oahu
Area:
Metro
Elementary School:
Liholiho
Middle School:
Kaimuki
High School:
Kaimuki
Property Description
First time on the market. Well-maintained 8 unit all-concrete building with excellent unit mix (6) 2-bedroom and (2) 1-bedroom units. 9 total parking stalls available. 7 on-site parking stalls (one stall is tandem) + 2 stalls leased directly across Makaleka Street for $60/mo each. There is also the ability to rent additional stalls across the street if desired, and plenty of street parking. All units have lanais and most have washing machines. This building has copper gutters, separate electrical meters, and a rare yard in the back. Over $200,000 in capital improvements over the past 5 years. Sizeable land area provides development options under Bill 7. Very close to stores and restaurants on Kapahulu Ave. 3 units are vacant and easy to show. Proforma NOI should be closer to $125,600.
Exterior Features

Construction Materials Concrete Location Inside Lot Description Other Other Parking <10 Spaces Parking AssignedOpenTandem Parking Total 7 Property Frontage Other Roof Pitch & Gravel Stories Two Topography Level View None

Interior Features

Laundry IndividualWasher Sq Ft Building 4514

Property Features

1 Bed Units 2 2 Bed Units 6 3 Or More Bed Units 0 Amenities None Annual Expenses 38862.00 Assessed Value Improvements 302100.00 Assessed Value Land 1508300.00 Assessed Value Total 1810400.00 Building Type Apartments Disclosures Property Disclosure Stmt Documents Building PlansLease DocumentsP&L Easements OtherSewer Expenses Include Excise TaxInsuranceMgmt FeeOtherProperty TaxRepair MaintenanceSewer Fee Flood Zone Zone X Foreclosure YN No Land Recorded Land Court Land Tenure Fs - Fee Simple Listing Financing CashConventionalExchange Net Operating Income 50538.00 Other Income 0.00 Possession At Closing Property Condition Above Average Recreation Facilities None Set Backs C&C Sewer Connected Special Sale Conditions None Studio Units 0 Tax Amount 497.00 Tax Paid By Seller Yes Tax Year 2022 Tenant Pays Cable TvElectricity Total Actual Rent 7450.00 Total Income 89400.00 Utilities Available CableOverhead ElectricityPublic Water Utilities Meters ElectricIndividualWater Zoning 12 - A-2 Medium Density Apartme

Listings provided courtesy of Standard Management Llc.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2022-05-26T15:58:50.897. Information is deemed reliable but not guaranteed. Copyright: 2022 by HiCentral MLS, Ltd.


© 2022 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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1347 Kapiolani Blvd, Suite 300
Honolulu HI, 96814