1242 6th Avenue, Honolulu, HI 96816

$3,415,000
Sold Price
$3,415,000
List Price
$3,700,000
Days on Market
177
Closing Date
Apr 01, 2024
MLS#
202306592
Status
SOLD
Type
Multifamily
Sq Ft Total
7920
Taxes/Mnthly
$1,159
Land Tenure
FS - Fee Simple
Neighborhood
Palolo

Property Description

OFFERED below assessed Value. Beautifully maintained 2-story concrete building with (1x) 1-bedroom and (9x) 2-bedroom units with 10 open parking stalls. A large 13,965 sq ft lot with building size of 7,920 sq. ft. Each unit features exceptionally large living space with balcony or backyard with units own hot water tank. Building features a coin-operated laundry area for extra monthly income, separately metered electricity, and one sewer. Current rents are below market allowing a buyer to increase rents with some upgrades. Possible redeveloping option under Bill 7 to maximize the property's highest and best use. Ideally located near Chaminade University and the University of Hawaii Manoa, restaurants, and shops.

Additional Information

View
Mountain
Zoning
11 - A-1 Low Density Apartment
Lot Size
13,965
Frontage
Other
Sewer
Connected
Year Built
1969

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Island, REALTORS. Selling Office: Locations LLC.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

Contact: (808) 687-8000