1747 Pali Highway
Honolulu, HI 96813
$7,000,000
Price
40
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Description
Are you a savvy real estate investor seeking a centrally-located and fully-occupied apartment building? Look no further! Ideally located in lower Nuuanu only moments from the excitement of Downtown, this 20-unit property offers residents unparalleled comfort with tons of nearby conveniences. Concrete construction, four-floor walkup (5-units per floor) with a 1:1 parking ratio. Each 2BR/1BA unit boasts a well-maintained interior, which includes neutral paint tones, openly flowing layouts, tons of...Are you a savvy real estate investor seeking a centrally-located and fully-occupied apartment building? Look no further! Ideally located in lower Nuuanu only moments from the excitement of Downtown, this 20-unit property offers residents unparalleled comfort with tons of nearby conveniences. Concrete construction, four-floor walkup (5-units per floor) with a 1:1 parking ratio. Each 2BR/1BA unit boasts a well-maintained interior, which includes neutral paint tones, openly flowing layouts, tons of natural light, spacious living room, two large bedrooms, full bathroom, and a fully-equipped kitchen. Residents occupying the first-floor also enjoy the benefit of a private back patio area. Additional considerations include separate electrical meters, easy access to windward side, lovely views, and more! Take advantage of this rare opportunity to add a unique property to your growing portfolio. NOI is actual with many under market rent units. Please contact Listor with additional questions and interior showings will be subjected to accepted offer. Please submit offers on the Commercial Purchase and Sale Agreement form. DO NOT DISTURB tenants.
- Listed by Derek C Lau • License #RB-19796 • Real Estate Specialists • (808) 791-3709
Property Details for 1747 Pali Highway
View
None
Zoning12 - A-2 Medium Density Apartme
NeighbourhoodPUNCHBOWL AREA
Flood ZoneZone X
Stories/Levels4-7
Land TenureFS - Fee Simple
LISTING UPDATED: 03/06/2024 08:54 AM
Property Details for 1747 Pali Highway
| Status | Active |
|---|---|
| MLS # | 202403860 |
| Days on Market | 299 |
| Taxes | $1,270 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1972 |
| Lot Size | 0.32 AC / 13,830 SF |
| County | Honolulu County |
Building Information for 1747 Pali Highway
Stories-Residences20Year Built1972Building Size-Lot Size0.32 AC / 13,830 SF
Property Information for 1747 Pali Highway
Summary
Location and General Information
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
Taxes and HOA Information
- Tax Amount: $1,270.00
- Tax Assessed Value: $4,351,600.00
- Tax Assessed Value Improvements: $1,841,100.00
- Tax Assessed Value Land: $2,510,500.00
- Tax Year: 2023
- Parcel Number: 1-2-2-002-033-0000
- HOA YN: No
Parking
- Parking Features: Assigned, Open
- Parking Total: 20
- Other Parking Features: None
Virtual Tour
- Virtual Tour URL Unbranded: https://listings.hetproductions.com/videos/7c5e182d-1d36-4e8d-87f9-372d5dc1eb96
Property
Lot Information
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- Land Recorded: Land Court
- Lot Features: Clear
- Lot Size Area: 13830.0
- Year Built: 1972
- Building Type: Apartments
Property and Assessments
- Documents: Lease Documents, P&L
- Photo Count: 11
- Property Condition: Above Average
- Special Listing Conditions: None
- Disclosures: Call Listor
- Foreclosure: No
- Set Backs: Of Record
- TMK Area: 122
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 33
- TMKPLAT: 2
- TMK Section: 2
- TMK Zone: 2
Utilities
- Utilities: Cable, Internet, Public Water, Telephone, Underground Electricity, Water
- Sewer: Connected
- Utilities Meters: Electric, Individual
Interior and Exterior Features
Exterior Features
- Amenities: Resident Manager
- Construction Materials: Concrete
- Easements: None
- Roof: Other
Interior Features
- Laundry Facilities: Coin
Multi Family
Multi-Family Information
- Studio Units Number Of: 0
- Unit One Number Of Bed: 0
- Unit Three Number Of Bed: 0
- Unit Two Number Of Bed: 20
- Number Of Units Total: 20
Income & Expenses
- Total Annual Operating Expenses: $106,626.00
- Total Income: $292,484.00
- Expenses Include: Excise Tax, Insurance, Mgmt Fee, Property Tax, Repair Maintenance, Sewer Fee
- Net Operating Income: $185,838.00
- Other Income: $327.00
Agent
Sale and Listing
- DOM: 176
- Listing Service: Full Service
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: Are you a savvy real estate investor seeking a centrally-located and fully-occupied apartment building? Look no further! Ideally located in lower Nuuanu only moments from the excitement of Downtown, this 20-unit property offers residents unparalleled comfort with tons of nearby conveniences. Concrete construction, four-floor walkup (5-units per floor) with a 1:1 parking ratio. Each 2BR/1BA unit boasts a well-maintained interior, which includes neutral paint tones, openly flowing layouts, tons of natural light, spacious living room, two large bedrooms, full bathroom, and a fully-equipped kitchen. Residents occupying the first-floor also enjoy the benefit of a private back patio area. Additional considerations include separate electrical meters, easy access to windward side, lovely views, and more! Take advantage of this rare opportunity to add a unique property to your growing portfolio. NOI is actual with many under market rent units. Please contact Listor with additional questions and interior showings will be subjected to accepted offer. Please submit offers on the Commercial Purchase and Sale Agreement form. DO NOT DISTURB tenants.
- Possession: At Closing
Showing and Remarks
- Showing Instructions: Two Day Notice Reqd, Appointment Only, Listor Must Be Present
Rental
Rent Information
- Tenants Responsibilities Include: Cable TV, Electricity, Other
- Total Actual Rent: $24,045.00
Property History for 1747 Pali Highway
| 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 1747 Pali Highway
Taxable ValueLand$2,510,500Additions$1,845,200Total$4,355,700
Tax Record2023$15,231 ($1,269 / month)
Home Facts
Total Finished SqFt23,720 SqFtAbove Grade Finished SqFt23,720 SqFtStories4Lot Size13,830 SqFtStyleMulti-Family Res (5+ Units)Year Built1972ZoningA-2 APARTMENTCountyHONOLULUAPN1-2-2-002-033
Schools near 1747 Pali Highway
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 - | 6 to 8 |
Rating | School | Distance |
|---|---|---|
Royal Elementary School PublicPK to 5 | ||
Prince David Kawananakoa Middle School Public6 to 8 | ||
President Theodore Roosevelt High School Public9 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 Real Estate Specialists, Derek C Lau, License #RB-19796