 hawaiihome.cc |
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 VER 5.2% CAP RATE! REMODELED in 2016, 4-UNIT, MULTI-FAMILY INVESTMENT PROPERTY IN TOWN! Highly desirable Makiki/Punchbowl area. 4 separate units: Street Level - 4 bed/1-1/2 bath; 2nd floor - 1 bed/1-bath + 1 den; lower yard level (units 2 & 3) consist of 2 efficiencies (2 kitchenettes, 1 shared bath that open to a large backyard). Live in one unit and lease the others, or lease all four. Home has a 1-car garage. Currently Leased: Street Level: $3,100/mo; 2nd floor: $1950; Projected Monthly Lease: Lower Yard-Level 1: $975, Lower Yard-Level 2: $975 (these 2 are currently occupied by family members). TOTAL REVENUE $6,950 per month. Gross per annum: $83,400 + $2,400 coin laundry revenue. Expenses ($17,610), Net Operating Income projected at $68,190 per annum. CAP RATE: 5.26% | |||||||||||
 What will it cost to own? | |||||||||||
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MLS | Public |  | |||||||||
| Single Family Single Family | Contemporary | Property Type Sub Type | |||||||||
| 981 Prospect St | 981 Prospect St |  | |||||||||
| Honolulu HI 96822 | Honolulu Hawaii 96822 | ||||||||||
| Metro Punchbowl Area | Makiki | ||||||||||
| na | Lincoln Elem |  | |||||||||
| na | Stevenson Int | ||||||||||
| na | Roosevelt High | ||||||||||
| Kaimuki-McKinley-Roosevelt | Complex | ||||||||||
| Public Schools | Rank | ||||||||||
| Private School | Guide | ||||||||||
| na | na |  Builder | |||||||||
| MLS 201712958 | TMK 1-2-4-15-32 | Property ID | |||||||||
| 6 | 5 |  Bedrooms | |||||||||
| 3 | 4 |  Full Baths | |||||||||
| 1 | 0 | Half Baths | |||||||||
| 3.01 | 4 | Total baths | |||||||||
| 0 | Rooms | ||||||||||
| 5 | na |  Parking | |||||||||
| 2,422 | 1,556 |  Interior sf | |||||||||
| 0 |  Lanai sf | ||||||||||
| Other roofed sf | |||||||||||
| 2,422 | Total sf | ||||||||||
| 160 |  Gar/Cpt sf | ||||||||||
| 4,285 | 4,285 |  Land sf | |||||||||
| $1,595,000 6/9/2017 | Original list | ||||||||||
| Expired | Status | ||||||||||
| $1,295,000 |  List price | ||||||||||
| 9/29/2017 | Last price change | ||||||||||
| Fee Simple | Fee Simple | Tenure | |||||||||
| No | Fractional | ||||||||||
| 1922 | 1922 | Year built | |||||||||
| 2016 Partial | Remodeled | ||||||||||
| $ 0 $ 0 $ 0 $ 0 Includes: None | AOAO fee AOAO other Maint fee AOAO total fees | ||||||||||
| None Mountain Other |  View | ||||||||||
| Down Slope | Topography | ||||||||||
| Other | Land Features | ||||||||||
| Land Court | Recorded | ||||||||||
| A-2 Medium Density Apartme | A-2 | Zoning | |||||||||
| Zone - X | Flood | ||||||||||
| Other | Location | ||||||||||
| City & County Of Record | Setbacks | ||||||||||
| Other Sewer | Easements | ||||||||||
| Average | Condition | ||||||||||
| Ceramic Tile | Flooring | ||||||||||
| Asphalt Shingle | Roof | ||||||||||
| Range/Oven Refrigerator | Inclusions | ||||||||||
| na | Exclusions | ||||||||||
| None | Pool | ||||||||||
| na | Security | ||||||||||
| Bedroom on 1st Floor FBedroom on 1st Floor | Amenities | ||||||||||
| Other | Frontage | ||||||||||
| Detach Single Family | Contemporary Stories Units | Architecture | |||||||||
| na | Model | ||||||||||
| Paved Rd | Road | ||||||||||
| Cable Internet Overhead Electricity Public Water Sewer Fee Telephone Water | Utilities | ||||||||||
| Other Wood Frame | Materials | ||||||||||
| Three+ | StoriesType | ||||||||||
| Call Listor | Disclosures | ||||||||||
| 0 | 0 | Public Report | |||||||||
| 3 Car+ Driveway Garage | Parking | ||||||||||
| na | AOAO Name | ||||||||||
| na | AOAO Ph | ||||||||||
| na | Management Co Name | ||||||||||
| na | Management Co Ph | ||||||||||
| na | Buyer Financing | ||||||||||
| Lehman Brothers Bank Fsb | 1st Mortgagor | ||||||||||
| 382,500 | 1st Mortgage | ||||||||||
| na | 2nd Mortgagor | ||||||||||
| na | 2nd Mortgage | ||||||||||
| No/na | Foreclosure/Case# | ||||||||||
| 2016 | 2020 | Property tax year | |||||||||
| $ 792,700 | $ 936,300 | Land assessed | |||||||||
| $ 184,800 | $ 152,000 | Building assessed | |||||||||
| $ 0 | $ 0 | Home owner exemption | |||||||||
| $ 977,500 | $ 1,088,300 | Total assessed RPAD | |||||||||
| $ 272 | $ 317 | Tax per month rates | |||||||||
| 0 | Total rent | ||||||||||
| Building Permits | |||||||||||
| At Closing | Possession | ||||||||||
| None | Special | ||||||||||
| Cash Conventional | Financing | ||||||||||
| None | Furnished | ||||||||||
| No | New development | ||||||||||
| Monthly | Cost to own estimate: | ||||||||||
| $ 272 | Real Property Tax | ||||||||||
| $ 0 | Association Fee | ||||||||||
| $ 0 | Lease Rent | ||||||||||
| $ 272 | Cost to own (ex Mortgage, Ins & Elec) | ||||||||||
| 6/10/2017 | Active | ||||||||||
| 9/29/2017 | Price change | ||||||||||
| na | Continue to show | ||||||||||
| na | Pending | ||||||||||
| 1/4/2018 | Temp withdrawn | ||||||||||
| 9/29/2017 | Back on market | ||||||||||
| na | Withdrawn | ||||||||||
| 1/4/2018 | Off market | ||||||||||
| 6/9/2018 | Status change | ||||||||||
| 6/10/2017 | Advertise | ||||||||||
| na | Auction | ||||||||||
| Eovino & Associates, Inc. | Listing Brokerage Firm | ||||||||||
| 11/6/2017 | Photos uploaded | ||||||||||
| 12/1/2017 | Supplement Mod | ||||||||||
Hawaii Home + Commercial LLC
1888 Kalakaua Ave C312, Waikiki, Honolulu, HI 96815
DCCA PV License # RB-20174
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Principal Broker
Robin Charles Glass (R), MBA, eng.
DCCA PV License # RB-20173
Ph: (808) 358-1774
Fax: (866) 925-1467
Email: glassr@hawaiihome.cc
Robin Charles Glass (R), MBA, eng.
DCCA PV License # RB-20173
Ph: (808) 358-1774
Fax: (866) 925-1467
Email: glassr@hawaiihome.cc
MLS and Public Records Databases synchronized every 15 minutes. Includes information from the Multiple Listing Service of HiCentral MLS, Ltd. IDX information is provided exclusively for consumers` personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the information is deemed reliable but not guaranteed. © 2017 by HiCentral MLS, Ltd.