1735 Young Street, Honolulu, HI 96826

$8,250,000
List Price
$8,250,000
Status
ACTIVE
Type
Multifamily
MLS#
202129560
Days on Market
5
Land Area
11,392
Year Built
1959
Neighborhood
Moiliili
Land Tenure
FS - Fee Simple

Property Description

First time on the market for sale. Built to last, all concrete/CMU buildings in very good condition, owned and maintained by one family. Solid income property, currently below market rent with upside potential in one of Honolulu's up and coming mixed business neighborhoods where highest and best use redevelopment is possible. The Wong Lum Apartments are comprised of 2 separate three-story walk-up apartment buildings, consisting of 13-two bedroom units and 12-one bedroom units situated on AMX-2 zoned land totaling approximately 11,392 square feet. Community coin laundry located on the ground floor at the back of each building. Stable long-term tenant mix, easy to rent, located in a prime business and residential area allowing for convenience to retail establishments, public transportation, schools, hospitals, parks and recreation. This offering presents a unique opportunity for value-add investors and/or developers looking to acquire a strong income producing property for further redevelopment options in the future.

Additional Information

Island
Oahu
Stories Type
Three
Utilities
Cable, Internet, Overhead Electricity, Public Water, Water
View
City, Garden
Easements
None
Parking Total
19
Tenants Responsibilities Include
Cable TV, Electricity, Parking
Sqft Building
16170
Elementary School
Lunalilo
Middle School
Washington
High School
Mckinley
Lot Size
11,392
Unit One Bed Number Of
12
Construction Materials
Above Ground, Concrete, Hollow Tile, Slab
Mls Area Major
Metro
Neighborhood
Moiliili
Furnished
Partial
Year Built
1959
Tax Amount
$1,074
Total Income
336462
Sewer
Connected
Unit Two Bed Number Of
13
Roof
Other
Recreation Facilities
None
Parking Features
Assigned, Covered, Open, Tandem
Lot Features
Clear
Amenities
None
Total Annual Operating Expenses
65937
Year Remodeled
1970
Assessed Total
3642000
Assessed Improvement
1291400
Assessed Land
2350600

Mortgage Calculator

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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Honolulu Property Advisors 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.