1665 Piikoi Street
Honolulu, HI 96822
$2,000,000
Price
3
Beds
3,252 Sq. Ft.
$615 / Sq. Ft.
3,252
Sq. Ft.
$615
per Sq. Ft.
Description
Great income producing property! Consisting of 7 units: 4 studios and 3 one bedroom/one bath with 2 car carport. Ample street parking and close to bus lines. Owner replaced all of the posts and beams under the house as this is a post and pier construction. One studio has been fully renovated and one has been partially renovated. The other units are in fair condition. Exterior was recently painted with the addition of concrete stairs, fences and gates. Most of the rents are under market. Owner experimented...Great income producing property! Consisting of 7 units: 4 studios and 3 one bedroom/one bath with 2 car carport. Ample street parking and close to bus lines. Owner replaced all of the posts and beams under the house as this is a post and pier construction. One studio has been fully renovated and one has been partially renovated. The other units are in fair condition. Exterior was recently painted with the addition of concrete stairs, fences and gates. Most of the rents are under market. Owner experimented with fully renovating a unit and the rent was increased from $950 to $1400! This is a significant increase with a small investment for renovation.
- Listed by Marc T Kumai • License #RB-18403 • Ivy K Realty, LLC • (808) 591-5660
Property Details for 1665 Piikoi Street
View
Cemetery, City, Mountain
Zoning12 - A-2 Medium Density Apartme
NeighbourhoodMAKIKI
Flood ZoneZone X
Stories/LevelsTwo
Land TenureFS - Fee Simple
LISTING UPDATED: 10/18/2024 09:52 AM
Property Details for 1665 Piikoi Street
| Status | Active |
|---|---|
| MLS # | 202424164 |
| Days on Market | 46 |
| Taxes | $260 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1936 |
| Lot Size | 0.06 AC / 2,712 SF |
| County | Honolulu County |
Building Information for 1665 Piikoi Street
Stories-Residences7Year Built1936Building Size-Lot Size0.06 AC / 2,712 SF
Property Information for 1665 Piikoi Street
Summary
Location and General Information
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
- Location: Corner
Taxes and HOA Information
- Tax Amount: $259.55
- Tax Assessed Value: $889,900.00
- Tax Assessed Value Improvements: $198,300.00
- Tax Assessed Value Land: $691,600.00
- Tax Year: 2024
- Parcel Number: 1-2-4-030-040-0000
- HOA YN: No
Parking
- Parking Features: Covered
- Parking Total: 2
- Other Parking Features: None
Property
Lot Information
- Property Frontage: Other
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- SQFT Building: 3252.0
- Sqft Total: 3252.0
- Land Recorded: Regular System
- Lot Features: Clear
- Lot Size Area: 2712.0
- Year Built: 1936
- Year Remodeled: 1970
- Building Type: Apartments
Property and Assessments
- Documents: Lease Documents, P&L
- Photo Count: 3
- Property Condition: Average
- Special Listing Conditions: None
- Disclosures: Property Disclosure Stmt
- Foreclosure: No
- Set Backs: C&C
- Supplement Count: 0
- TMK Area: 124
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 40
- TMKPLAT: 30
- TMK Section: 4
- TMK Zone: 2
Utilities
- Utilities: Cable, Internet, Sewer Fee, Telephone, Water
- Sewer: Connected
- Utilities Meters: Electric, Individual, Water
Interior and Exterior Features
Exterior Features
- Amenities: None
- Construction Materials: Single Wall
- Easements: None
- Elevators Number Of: 0
- Recreation Facilities: None
- Roof: Asphalt Shingle
Interior Features
- Furnished: Partial
- Laundry Facilities: None
Multi Family
Multi-Family Information
- Commercial Spaces Number Of: 0
- Studio Units Number Of: 4
- Unit One Number Of Bed: 3
- Unit Three Number Of Bed: 0
- Unit Two Number Of Bed: 0
- Number Of Units Total: 7
Income & Expenses
- Total Annual Operating Expenses: $24,891.00
- Total Income: $86,388.00
- Expenses Include: Insurance, Mgmt Fee, Property Tax, Repair Maintenance, Sewer Fee
- Net Operating Income: $61,496.00
- Other Income: $.00
Agent
Sale and Listing
- DOM: 1
- Listing Service: Full Service
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: Great income producing property! Consisting of 7 units: 4 studios and 3 one bedroom/one bath with 2 car carport. Ample street parking and close to bus lines. Owner replaced all of the posts and beams under the house as this is a post and pier construction. One studio has been fully renovated and one has been partially renovated. The other units are in fair condition. Exterior was recently painted with the addition of concrete stairs, fences and gates. Most of the rents are under market. Owner experimented with fully renovating a unit and the rent was increased from $950 to $1400! This is a significant increase with a small investment for renovation.
- Possession: At Closing
Showing and Remarks
- Showing Instructions: Call Listor
Rental
Rent Information
- Tenants Responsibilities Include: Electricity
- Total Actual Rent: $7,900.00
Property History for 1665 Piikoi Street
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 1665 Piikoi Street
Taxable ValueLand$691,600Additions$198,300Total$889,900
Tax Record2023$3,082 ($257 / month)
Home Facts
Total Finished SqFt3,252 SqFtAbove Grade Finished SqFt3,252 SqFtStories2Lot Size2,712 SqFtStyleMulti-Family Res (5+ Units)Year Built1936Year Renovated1970ZoningA-2 APARTMENTCountyHONOLULUAPN1-2-4-030-040
Schools near 1665 Piikoi Street
This home is within Hawaii Department Of Education.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | 4 to 12 |
Rating | School | Distance |
|---|---|---|
President Abraham Lincoln Elementary School PublicPK to 5 | ||
Robert Louis Stevenson Middle School Public6 to 8 | ||
President Theodore Roosevelt High School Public9 to 12 | ||
Halau Ku Mana Public Charter School Charter4 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Ivy K Realty, LLC, Marc T Kumai, License #RB-18403