Description
NEW LISTING! RARE OFFERING AND OPPORTUNITY to rehab, restore or redevelop a prime A-2 lot with FIVE separate cottages in an unbeatable central location! First time ever offered, this unique property features three 2-bedroom/1-bath units and two studios with incredible potential on an 8,273 sqft apartment-zoned parcel. Four parking stalls plus ample street parking. Each structure is separately electric metered, with 4 of 5 units currently rented to longtime, month-to-month tenants at below-market rents. Each unit also has its own laundry machines, owned by the tenants. Amazing location off Kapiolani near University of Hawaii, restaurants, shopping, Ala Wai Golf Course, Waikiki, bus lines and freeway access. Priced to sell nearly $300,000 below tax-assessed value. Don’t miss this special investment opportunity! Do not disturb tenants. Sold strictly as-is.
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6BEDS
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0.19ACRES
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5BATHS
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01/2 BATHS
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2,204SQFT
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$762$/SQFT
School Information
Description
NEW LISTING! RARE OFFERING AND OPPORTUNITY to rehab, restore or redevelop a prime A-2 lot with FIVE separate cottages in an unbeatable central location! First time ever offered, this unique property features three 2-bedroom/1-bath units and two studios with incredible potential on an 8,273 sqft apartment-zoned parcel. Four parking stalls plus ample street parking. Each structure is separately electric metered, with 4 of 5 units currently rented to longtime, month-to-month tenants at below-market rents. Each unit also has its own laundry machines, owned by the tenants. Amazing location off Kapiolani near University of Hawaii, restaurants, shopping, Ala Wai Golf Course, Waikiki, bus lines and freeway access. Priced to sell nearly $300,000 below tax-assessed value. Don’t miss this special investment opportunity! Do not disturb tenants. Sold strictly as-is.
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