1035 Wong Lane, Honolulu, HI 96817

$1,300,000
List Price
$1,300,000
Status
IN ESCROW SHOWING
Type
Multifamily
MLS#
202111713
Price Change
▼ $100,000 1621642790
Days on Market
41
Land Area
5,060
Year Built
1937
Neighborhood
Kapalama
Land Tenure
FS - Fee Simple

Property Description

Great cash flowing investment property. Mainly hollow tile apartment building with 4 units. There are three 3 bedroom/1 bath units @ $2,350-$2,500 and one 2 bedroom/1 bath unit @ $1,300. Monthly net income is $8,550. Annual net income is $79,569. 5.68% CAP Rate. Renovated in 2021 with new roof, freshly painted exterior. All units have new kitchen and bathrooms that include quartz countertops, stainless steel appliances, tiled bathroom shower walls and floors. Secured property with new security gate and new driveway with 4 assigned parking stalls. Located close to freeway access. Please do not walk on property or disturb tenants without an appointment. Seller can offer seller financing second position PMM at 25% at 4% annual interest rate amortized over 30 years, with a 5-10 year term.

Additional Information

Island
Oahu
Stories Type
Two
Utilities
Cable, Internet, Overhead Electricity, Public Water
View
None
Easements
None
Parking Total
4
Tenants Responsibilities Include
Cable TV
Sqft Building
3016
Elementary School
Likelike
Middle School
Central
High School
Mckinley
Lot Size
5,060
Construction Materials
Hollow Tile, Wood Frame
Mls Area Major
Metro
Neighborhood
Kapalama
Frontage
Other
Furnished
Partial
Year Built
1937
Tax Amount
$205
Total Income
102600
Sewer
Other
Unit Two Bed Number Of
1
Roof
Asphalt Shingle
Parking Features
Assigned
Lot Features
Clear
Amenities
None
Unit Three Bed Number Of
3
Year Remodeled
2021
Assessed Total
653300
Assessed Improvement
82700
Assessed Land
570600

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 Inspired Life Realty, 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: 2021 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.