7.2%...Best CAP Rate In Honolulu. All Offers considered! Well constructed 2 story apt. bldg w/5 units on quiet Punchbowl area side-street. Completely upgraded & remodeled in 2006. Located behind 2 small apt bldgs so tenants feel safe. Electric & Gas separately metered. Several long term tenants. Exps incl: Prop. Taxes, Water/Sewer, Insurance, G.E.T. but no Mgt. Fee. Street prkg only-always avail.
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. Rents are below market and month to month. Coin washer/dryer. Convenience location near Chinatown! Number of bedroom and square feet different than tax record.