9 photos 
743 Pumehana Street
Honolulu, HI 96826
$1,200,000
Monthly mortgage paymentsProperty Type
Multi-Family
Beds
Baths
Parking
4
Balcony
No
Basic Info
- MLS Number: 202310461
- HOA Fees:
- Maintenance Fees:
- Neighbourhood: MCCULLY
- TMK: 1-2-3-33-10
- Annual Tax Amount: $4752.00/year
Property description
4230
5000.00
Rare investment opportunity! Offered below assessed value. A-2 Zoned apartment building in the heart of Honolulu on a 5000 SF Level lot with 8 separate electrical meters. Super convenient and desirable location only minutes to Waikiki, Ala Moana, UH and just a stones throw to McCully Shopping Center where you'll find ample eateries and read more dining options. Property consists of two, 2-story dwellings with a total of 8 units, all 2 bed/1 bath. The new owner can take over the tenants and continue to enjoy a steady 4.5% CAP rate, upgrade the existing units to increase the revenue or explore the option to redevelop affordable rental units under Bill 7 to maximize the property's highest and best use. Current income may not measure the building's full occupancy potential or current market rates. Property is being sold Strictly As-Is, the two structures have deferred maintenance and are ready to be renovated or rebuilt. Priced at land value, buyers to conduct their own due diligence. Please do not disturb tenants. Act quickly, don't miss out on your chance to own an amazing investment in an unbeatable area!
Construction Materials: Above Ground,Single Wall,Slab
Flooring:
Inclusion
Honolulu, HI 96826
Mortgage Calculator
$2787 per month
| Architectural Style: | N/A |
| Flood Zone: | Zone AO |
| Land Tenure: | FS - Fee Simple |
| Major Area: | Metro |
| Market Status: | Sold |
| Unit Features: | N/A |
| Unit View: | None |
| Amenities: | None |
| Association Community Name: | N/A |
| Easements: | None |
| Internet Automated Valuation: | 1 |
| Latitude: | 21.291143 |
| Longitude: | -157.8327948 |
| Listing Service: | Full Service |
| Lot Features: | Clear |
| Lot Size Area: | 5000.00 |
| MLS Area Major: | Metro |
| Parking Features: | Unassigned |
| Permit Address Internet: | 1 |
| Pool Features: | N/A |
| Property Condition: | Fair,Needs Major Repair |
| Property Sub Type: | Multi-Family |
| SQFT Garage Carport: | N/A |
| SQFT Roofed Living: | N/A |
| Stories Type: | Two |
| Topography: | Level |
| Utilities: | Cable,Internet,Overhead Electricity,Sewer Fee,Water |
| View: | None |
| YearBuilt: | 1931 |
Contact An Agent
866674