New Price! Great Investment Property close to Downtown Honolulu, Queens Medical Hospital and access to Freeway.
Live in one unit and rent the rest to pay for your mortgage. It also has a Convience Store that does well.
The owner has completly renovated the building in 2006. First Open House on Sunday 8/18/'13 2:00pm-5:00pm.
Owner Must Sell Quick. All Offers considered! Well constructed 2 story apt. bldg w/5 units on quiet Punchbowl area side-street. Completely upgraded & remodeled in 2006. Electric & Gas separately metered. Several long term tenants. Effective Cap Rate is 7.32%. Expenses incl: Prop. Taxes, Water/Sewer, Insurance, G.E.T. but no Management Fee. If you prefer a Property Mgr it may cost you $6,200/yr.
There are 4 units with 4 electric meters. 2 - 1 bedroom rented for $675 each; 1 - 2 bedroom rented for $950; and 1 - 5 bedroom, 1 bath with a kitchen rented as individual bedroom for $1,930. Total rent is $4,230. All leases are month to month. Convenience location near Chinatown! Number of bedroom and square feet different than tax record.
Do Not bother tenants.