Rarely available opportunity in Kapahulu! Priced attractively at tax-assessed value. B-2 Zoned with 3 structures & 4 units: a 957 sf Retail Shop, a 780 sf 2/1 Single Family Home, and a 1,276 sf Duplex with two 638 sf 2/1 units. Two carports with a total of 5 parking, plus street parking. Ready to go with 5 electrical meters. Super convenient and desirable location only 0.9 miles to the closest freeway onramp, and 0.9 miles to "walls" at world famous Waikiki Beach, plus a plethora of eateries in the immediate area. All units are vacant except for Duplex A; tenant will vacate at closing. Make use of the property quickly with a few repairs, make some upgrades for increased revenue, or explore the option to redevelop affordable rental units under Bill 7 to maximize the property’s highest & best use. Historical income numbers are below market, as family has lived in 2 units rent-free for years, leaving you plenty of upside. Property is being sold Strictly As-Is. Bath count (3.5) does not match city records (3). Structures have deferred maintenance, buyers to conduct their own due diligence. Please do not disturb tenants. Act quickly. Don’t miss your chance to own this amazing property!
Based on information from the Multiple Listing Service of the Honolulu Board of REALTORS®. IDX information is provided exclusively for consumers’ personal, non-commercial use and cannot be used for any purpose other than to identify prospective properties that consumers may be interested in purchasing. Information is deemed reliable but not guaranteed. Copyright 2022 by the Honolulu Board of REALTORS. Updated: 23rd September, 2023 1:08 AM (UTC)