Linda McCabe and Erin McCabe with Coldwell Banker Island Properties - 808-225-1048
Hawaii Condo ManiaSOLD! MLS: 202326083 $5,275,000
Bedrooms with 0 Baths715 PIIKOI STREET
HONOLULU HI 96816MLS: 202326083
Status: SOLD
Closed On: 2024-07-03
Sold Price: $5,275,000
Sold Price per SqFt: $0
Square Footage: 0Bedrooms
0 Baths
Year Built: 1968
Zip Code: 96816
Listing Remarks
18 CMU one-bedroom units near Ala Moana with 29 parking stalls! Proforma 5.6% cap rate at market rents. Average in-place rents are $1,183, far below market, and all tenants are month-to-month. Each unit is approx. 491 SF and in classic condition, allowing an investor the opportunity to add value by renovating units and increasing rents to market rates. The property consists of 18 one-bedroom/one-bathroom CMU units, each with a private lanai, and most with a sink and mauka views. The property has a large covered parking garage with 29 parking stalls and ingress/egress from Piikoi and Alder St. The secured laundry room has 2 landlord-owned coin-operated washers and dryers and has its own bathroom for tenant convenience. There is abundant landlord storage space on-site. Building is separately metered for electricity and boasts mature landscaping. Walking distance to Walmart and Ala Moana Shopping Center.
Address: 715 PIIKOI STREET HONOLULU HI 96816
Listing Courtesy of STANDARD MANAGEMENT LLC
Condo Mania Agent
Linda McCabe
Coldwell Banker Island Properties
REALTOR®
Phone: 808-225-1048
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Listing Details
STATUS: Closed SPECIAL LISTING CONDITIONS: None LISTING CONTRACT DATE: 2023-11-28 CLOSE DATE: 2024-07-03 AREA: METRO BUILDING AREA TOTAL: 12636 YEAR BUILT: 1968 TAXES: $10,032 CONSTRUCTION: HollowTile, Concrete COMMUNITY FEATURES: None LAUNDRY FEATURES: CoinOperated LOT FEATURES: Other, Level PARKING FEATURES: Assigned, Covered PROPERTY TYPE: Residential PROPERTY SUB TYPE: MultiFamily NUMBER OF UNITS TOTAL: 18 VIEW: Mountains, Other LISTING AGENT: MICHAEL M OKAMOTO LISTING OFFICE: STANDARD MANAGEMENT LLC LISTING CONTACT: (808) 208-8107
Property Location: 715 PIIKOI STREET HONOLULU HI 96816
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Last Updated: 2024-12-21