2014 Fern Street
Honolulu, HI 96826
$2,650,000
Price
11
Beds
4,208 Sq. Ft.
$630 / Sq. Ft.
4,208
Sq. Ft.
$630
per Sq. Ft.
Description
Fantastic Cap Rate Return! Completely Renovated, Turn Key Opportunity with all tenants paying excellent market rents. Interiors are beautifully upgraded with all new everything, and a welcoming, bright layout. Well-situated investment in the heart of Makiki with easy access to UHM, Waikiki, and Ala Moana equals a stellar, reliable tenant pool. Two buildings: front building is hollow tile first floor with 3 one-bedrooms and wood second floor with one three-bedroom and 1 one-bedroom upstairs; back...Fantastic Cap Rate Return! Completely Renovated, Turn Key Opportunity with all tenants paying excellent market rents. Interiors are beautifully upgraded with all new everything, and a welcoming, bright layout. Well-situated investment in the heart of Makiki with easy access to UHM, Waikiki, and Ala Moana equals a stellar, reliable tenant pool. Two buildings: front building is hollow tile first floor with 3 one-bedrooms and wood second floor with one three-bedroom and 1 one-bedroom upstairs; back building is all hollow tile 4 one-bedrooms. All units are separately metered for gas and electric, one water meter. Coin, owned laundry. Buyer to accept existing survey performed by Ailana Surveyors August 24, 2023.
- Listed by Christina L Dwight • License #RB-20978 • Commercial Inv. Strategies • (808) 429-1098
Property Details for 2014 Fern Street
View
City
Zoning12 - A-2 Medium Density Apartme
NeighbourhoodMOILIILI
Flood ZoneZone AO
Stories/LevelsTwo
Land TenureFS - Fee Simple
LISTING UPDATED: 12/11/2024 12:25 PM
Property Details for 2014 Fern Street
| Status | Active |
|---|---|
| MLS # | 202421145 |
| Days on Market | 96 |
| Taxes | $560 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1953 |
| Lot Size | 0.15 AC / 6,400 SF |
| County | Honolulu County |
Building Information for 2014 Fern Street
Stories-Residences9Year Built1953Building Size-Lot Size0.15 AC / 6,400 SF
Property Information for 2014 Fern Street
Summary
Location and General Information
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
- Location: Inside
Taxes and HOA Information
- Tax Amount: $560.00
- Tax Assessed Value: $1,920,000.00
- Tax Assessed Value Improvements: $204,800.00
- Tax Assessed Value Land: $1,715,200.00
- Tax Year: 2024
- Parcel Number: 1-2-7-002-009-0000
- HOA YN: No
Parking
- Parking Features: Assigned
- Parking Total: 6
- Other Parking Features: None, <10 Spaces
Property
Lot Information
- Property Frontage: Other
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- SQFT Building: 4208.0
- Sqft Total: 4208.0
- Land Recorded: Land Court
- Lot Features: Clear
- Lot Size Area: 6400.0
- Year Built: 1953
- Building Type: Apartments, Multi Dwellings
Property and Assessments
- Documents: Lease Documents, P&L, Survey, Title Search
- Photo Count: 25
- Property Condition: Excellent
- Special Listing Conditions: None
- Disclosures: 1031 Exchange, Licensed Owner
- Foreclosure: No
- Set Backs: None
- Supplement Count: 3
- TMK Area: 127
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 9
- TMKPLAT: 2
- TMK Section: 7
- TMK Zone: 2
Utilities
- Utilities: Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Water
- Sewer: Connected
- Utilities Meters: Electric, Gas, Water
Interior and Exterior Features
Exterior Features
- Amenities: None
- Construction Materials: Hollow Tile, Vinyl, Wood Frame
- Easements: None
- Elevators Number Of: 0
- Recreation Facilities: None
- Roof: Asphalt Shingle
Interior Features
- Furnished: Partial
- Laundry Facilities: Coin, Dryer, Washer
Multi Family
Multi-Family Information
- Studio Units Number Of: 0
- Unit One Number Of Bed: 8
- Unit Three Number Of Bed: 1
- Unit Two Number Of Bed: 0
- Number Of Units Total: 9
Income & Expenses
- Total Annual Operating Expenses: $44,756.00
- Total Income: $213,720.00
- Expenses Include: Excise Tax, Insurance, Other, Property Tax, Repair Maintenance, Sewer Fee
- Net Operating Income: $168,964.00
- Other Income: $200.00
Agent
Sale and Listing
- DOM: 86
- Immoviewer: No
- Listing Service: Full Service
- Management Company Name: Self managed
- Management Company Phone: 000-0000
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: Fantastic Cap Rate Return! Completely Renovated, Turn Key Opportunity with all tenants paying excellent market rents. Interiors are beautifully upgraded with all new everything, and a welcoming, bright layout. Well-situated investment in the heart of Makiki with easy access to UHM, Waikiki, and Ala Moana equals a stellar, reliable tenant pool. Two buildings: front building is hollow tile first floor with 3 one-bedrooms and wood second floor with one three-bedroom and 1 one-bedroom upstairs; back building is all hollow tile 4 one-bedrooms. All units are separately metered for gas and electric, one water meter. Coin, owned laundry. Buyer to accept existing survey performed by Ailana Surveyors August 24, 2023.
- Possession: At Closing, Subject To Tenancy
Showing and Remarks
- Showing Instructions: Two Day Notice Reqd, Listor Must Be Present
Rental
Rent Information
- Tenants Responsibilities Include: Electricity, Gas
- Total Actual Rent: $17,610.00
Property History for 2014 Fern 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 2014 Fern Street
Taxable ValueLand$1,715,200Additions$204,800Total$1,920,000
Tax Record2023$6,514 ($543 / month)
Home Facts
Total Finished SqFt2,576 SqFtAbove Grade Finished SqFt2,576 SqFtStories2Lot Size6,400 SqFtStyleMulti-Family Res (5+ Units)Year Built1953ZoningA-2 APARTMENTCountyHONOLULUAPN1-2-7-002-009
Schools near 2014 Fern 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 - | K to 8 |
Rating | School | Distance |
|---|---|---|
King William Lunalilo Elementary School PublicPK to 5 | ||
President George Washington Middle School Public6 to 8 | ||
Kaimuki High School Public9 to 12 | ||
Voyager - A Public Charter School CharterK to 8 |
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 Commercial Inv. Strategies, Christina L Dwight, License #RB-20978