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.
Closed
$5,275,000
715 Piikoi St, Honolulu, HI 96814
--beds
0baths
12,636sqft
Multi Family
Built in 1968
-- sqft lot
$5,244,900 Zestimate®
$417/sqft
$1,654 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: July 03, 2024 at 05:04pm
Listed by:
Michael M Okamoto 808-208-8107,
Standard Management LLC
Bought with:
NON MLS
Non-MLS
Source: HiCentral MLS,MLS#: 202326083

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Appliances
- Laundry: Coin-operated
Interior area
- Total structure area: 12,636
- Total interior livable area: 12,636 sqft
Property
Parking
- Total spaces: 29
- Parking features: Assigned, Covered
Features
- Levels: Three Or More
- Has view: Yes
- View description: Mountain(s), Other
- Frontage type: Other
Lot
- Features: Other, Level
- Topography: Level
Details
- Parcel number: 1230140580000
- Zoning description: 12 - A-2 Medium Density Apartme
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Hollow Tile, Concrete
- Foundation: Slab
Condition
- Average Condition
- Year built: 1968
Utilities & green energy
- Sewer: Connected
- Water: Public
- Utilities for property: Above Ground Utilities, Electricity Available, Sewer Available, Water Available, Sewer Connected
Community & neighborhood
Community
- Community features: None
Location
- Region: Honolulu
- Subdivision: Ala Moana
HOA & financial
Other financial information
- Total actual rent: 21300
Services availability
Sell for more on Zillow
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$5,244,900
2% more+ $105K
With Zillow Showcase(estimated)
$5,349,798