1651 Frog Lane, Honolulu, HI 96817

$4,250,000
List Price
$4,250,000
Status
ACTIVE
Type
Multifamily
MLS#
201830716
Days on Market
13
Land Area
10,248
Year Built
1969
Neighborhood
Kuakini
Land Tenure
FS - Fee Simple

Property Description

Prime 3 story solid hollow tile building seldom available for sale in great Town location near Nuuanu, Liliha and Kuakini. Large lot offers 18 parking spaces (some covered) for 13 two bedroom and 2 three bedroom apartment units, total 15 units. The cap rate is 4.85%. Hard to find all 2 and 3 bedroom unit apartment buildings and this is the one! Very good condition, some units renovated, all in move in condition. Stable tenant history with chance to raise rents to improve already impressive cash flow. Separate coin laundry with 3 washers and 3 dryers for added income. Centralized gas heating system for all tenants. Newly paved street with easy access off Liliha.

Additional Information

Stories Type
Three
Utilities
Cable, Internet, Overhead Electricity, Telephone, Water
View
None
Easements
None
Parking Total
18
Tenants Responsibilities Include
Cable TV, Electricity
Sqft Building
10274
Lot Size
10,248
Construction Materials
Hollow Tile
Mls Area Major
Metro
Neighborhood
Kuakini
Furnished
Partial
Year Built
1969
Tax Amount
$644
Total Income
262500
Sewer
Connected
Unit Two Bed Number Of
13
Roof
Pitch & Gravel
Recreation Facilities
None
Parking Features
Assigned, Covered, Open
Lot Features
Clear
Amenities
None
Total Annual Operating Expenses
48852
Unit Three Bed Number Of
2

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 Five Star Realty, Inc..

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2018 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.