A GEM at the base of Punchbowl. This 17 unit building is poised for income potential. 7 - 1 bedroom units, 10 - 2 bedroom units. 1 beds are 480 sq ft, 2 bedrooms are either 600 or 720 sq ft depending on stack. CMU construction, concrete walls between units, individual electric meters, assigned parking, resident manager on site, great ocean and city views, very well maintained. At the end of Alapai Street against the hills of Punchbowl provides privacy for the units and cool breezes. Laundry facilities onsite and a communal garden. Units have been upgraded as tenants moved out, all varies. Long time residents have lived in the building. First time changing hands in over 43 years. Please review financial listing packet for more information on rent roll, expenses, pro-forma, survey, floor plans etc. Amazing rental income opportunity with a solid building that has been well maintained.
Closed
$5,000,000
1623 Alapai St, Honolulu, HI 96813
--beds
0baths
9,860sqft
Multi Family
Built in 1971
-- sqft lot
$5,465,700 Zestimate®
$507/sqft
$1,574 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 14, 2024 at 03:16am
Listed by:
Melvin Leon Guerrero 808-286-8005,
Compass
Bought with:
Esther Park Kusunoki, RB-21002
List Sotheby's Int'l Realty
Source: HiCentral MLS,MLS#: 202212082

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Appliances
- Included: Dryer, Washer
- Laundry: Coin-operated
Interior area
- Total structure area: 9,860
- Total interior livable area: 9,860 sqft
Property
Parking
- Total spaces: 18
- Parking features: Assigned
Features
- Levels: Three Or More
- Has view: Yes
- View description: Coastline, City, Ocean
- Has water view: Yes
- Water view: Coastline,Ocean
Lot
- Features: Cleared, Dead End, Level
- Topography: Level
Details
- Parcel number: 1220040190000
- Zoning description: 12 - A-2 Medium Density Apartme
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Hollow Tile, Other, Concrete
Condition
- Average Condition,Good Condition
- Year built: 1971
Utilities & green energy
- Sewer: Connected
- Water: Public
- Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Water Available, Sewer Connected
Community & neighborhood
Community
- Community features: None
Location
- Region: Honolulu
- Subdivision: Punchbowl Area
HOA & financial
Other financial information
- Total actual rent: 11030
Services availability
Sell for more on Zillow
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$5,465,700
2% more+ $109K
With Zillow Showcase(estimated)
$5,575,014