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  • $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

    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.

    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#: 202326083MLS Logo

    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

    Get a free Zillow Showcase℠ listing and you could sell for .

    $5,244,900
    2% more+ $105K
    With Zillow Showcase(estimated)
    $5,349,798