2902 Varsity Circle
Honolulu, HI 96826
$1,900,000
Price
—
Beds
1,844 Sq. Ft.
$1,030 / Sq. Ft.
1,844
Sq. Ft.
$1,030
per Sq. Ft.
Description
Don’t miss this rare-find two-story apartment complex with 8 EASY TO RENT studios and SOLID tenant pool, conveniently located near University of Hawaii at Manoa, Ala Moana Center, Waikiki, restaurants, hospitals, businesses, and bus lines, with easy access to major roads and freeways. This apartment has 8 separate electric meters, 6-8 parking spaces (depending on the size of the cars), coin-operated laundry, quiet interiors despite close proximity to the freeway, green surroundings as it directly...Don’t miss this rare-find two-story apartment complex with 8 EASY TO RENT studios and SOLID tenant pool, conveniently located near University of Hawaii at Manoa, Ala Moana Center, Waikiki, restaurants, hospitals, businesses, and bus lines, with easy access to major roads and freeways. This apartment has 8 separate electric meters, 6-8 parking spaces (depending on the size of the cars), coin-operated laundry, quiet interiors despite close proximity to the freeway, green surroundings as it directly faces an empty field maintained by UH, and cul-de-sac location, which means private living, less crowded, and safer environment. All units have ceramic tile flooring and identical designs with maximum rentability. Excellent investment opportunity! Jump on this great deal before it disappears! Property to be conveyed As Is, Where Is.
- Listed by Brigida A Schmidt • License #RB-20622 • Kona Realty All Islands LLC • (808) 308-2400
Property Details for 2902 Varsity Circle
View
Other
Zoning11 - A-1 Low Density Apartment
NeighbourhoodUNIVERSITY
Flood ZoneZone X
Stories/LevelsTwo
Land TenureFS - Fee Simple
LISTING UPDATED: 11/22/2024 06:01 AM
Property Details for 2902 Varsity Circle
| Status | Active |
|---|---|
| MLS # | 202403396 |
| Days on Market | 296 |
| Taxes | $429 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1954 |
| Lot Size | 0.14 AC / 6,130 SF |
| County | Honolulu County |
Building Information for 2902 Varsity Circle
Stories-Residences8Year Built1954Building Size-Lot Size0.14 AC / 6,130 SF
Property Information for 2902 Varsity Circle
Summary
Location and General Information
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
- Location: Cul-De-Sac, Inside
Taxes and HOA Information
- Tax Amount: $429.00
- Tax Assessed Value: $1,470,900.00
- Tax Assessed Value Improvements: $143,600.00
- Tax Assessed Value Land: $1,327,300.00
- Tax Year: 2023
- Parcel Number: 1-2-8-025-013-0000
- HOA YN: No
School Information
- Elementary School: Lunalilo
- High School: Kaimuki
- Middle Or Junior School: Washington
Parking
- Parking Features: Open
- Parking Total: 8
- Other Parking Features: None
Property
Lot Information
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- SQFT Building: 1844.0
- Sqft Total: 1844.0
- Land Recorded: Land Court
- Lot Features: Flag Lot
- Lot Size Area: 6130.0
- Year Built: 1954
- Year Remodeled: 1960
- Building Type: Apartments
Property and Assessments
- Photo Count: 15
- Property Condition: Average
- Special Listing Conditions: None
- Disclosures: None, Call Listor
- Foreclosure: No
- Set Backs: None
- Supplement Count: 0
- TMK Area: 128
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 13
- TMKPLAT: 25
- TMK Section: 8
- TMK Zone: 2
Utilities
- Utilities: Cable, Internet, Overhead Electricity, Public Water, Sewer Fee, Water
- Sewer: Connected
- Utilities Meters: Electric, Individual, Water
Interior and Exterior Features
Exterior Features
- Amenities: None
- Construction Materials: Concrete
- Easements: None
- Recreation Facilities: None
- Roof: Composition
Interior Features
- Laundry Facilities: Coin, Dryer, Washer
Multi Family
Multi-Family Information
- Studio Units Number Of: 8
- Unit One Number Of Bed: 0
- Unit Three Number Of Bed: 0
- Unit Two Number Of Bed: 0
- Number Of Units Total: 8
Income & Expenses
- Total Annual Operating Expenses: $37,000.00
- Total Income: $117,000.00
- Expenses Include: Excise Tax, Insurance, Mgmt Fee, Other, Property Tax, Repair Maintenance, Sewer Fee
- Net Operating Income: $80,000.00
- Other Income: $150.00
Agent
Sale and Listing
- DOM: 285
- Listing Service: Full Service
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: Don’t miss this rare-find two-story apartment complex with 8 EASY TO RENT studios and SOLID tenant pool, conveniently located near University of Hawaii at Manoa, Ala Moana Center, Waikiki, restaurants, hospitals, businesses, and bus lines, with easy access to major roads and freeways. This apartment has 8 separate electric meters, 6-8 parking spaces (depending on the size of the cars), coin-operated laundry, quiet interiors despite close proximity to the freeway, green surroundings as it directly faces an empty field maintained by UH, and cul-de-sac location, which means private living, less crowded, and safer environment. All units have ceramic tile flooring and identical designs with maximum rentability. Excellent investment opportunity! Jump on this great deal before it disappears! Property to be conveyed As Is, Where Is.
- Possession: At Closing
Showing and Remarks
- Showing Instructions: Appointment Only
Rental
Rent Information
- Tenants Responsibilities Include: Cable TV, Electricity
- Total Actual Rent: $9,600.00
Property History for 2902 Varsity Circle
| 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 2902 Varsity Circle
Taxable ValueLand$1,377,300Additions$142,900Total$1,520,200
Tax Record2023$5,148 ($429 / month)
Home Facts
Total Finished SqFt1,844 SqFtAbove Grade Finished SqFt1,844 SqFtStories2Lot Size6,130 SqFtStyleMulti-Family Res (5+ Units)Year Built1954Year Renovated1960ZoningA-1 APARTMENTCountyHONOLULUAPN1-2-8-025-013
Schools near 2902 Varsity Circle
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 |
|---|---|---|
Prince Jonah Kuhio 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 Kona Realty All Islands LLC, Brigida A Schmidt, License #RB-20622