1416 Middle Street
Honolulu, HI 96819
- – beds
- – baths
- 13,200 sqft
- ~1/2 acre lot
- $321 per sqft
- 1966 build
- – on site
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OPPORTUNITY KNOCKS to Value Add with Excellent Actual Income: 18 LARGE TWO-BED UNITS close to freeway in all directions located in the heart of Metro Honolulu. Cap ex include: brand new parking lot, roof, and lanai spalling. 28 parking stalls--all but 1 rented for extra income. All units are separately metered for electric, w/ master meter for CAM electric; one gas meter for heater and dryers only (no gas appliances inside units), and one water meter. Each unit is sub metered and water/sewer is charged back to the tenants. W/D machines are leased for about $120/mo but PM collects coins for add' income. Buyer to accept existing survey performed by Ailana Survery on May 14, 2024.
Listing courtesy of HI_CENTRAL_MLS / Commercial Inv. Strategies
Last checked:
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Last updated Sep 20, 2024
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MLS# 202415565 —
The Building
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Year Built:1966
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Construction Materials:Hollow Tile
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Building Type:Apartments, Multi Dwellings
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Stories:Three
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Roof:Custom/Specialty
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SqFt Total:13,200 Sqft
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SqFt Building:13200
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# of Units Total:18
Interior
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Furnished:Partial
Financial & Terms
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Financing:1031 Exchange, Cash, Conventional
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Buyer Financing:Conventional
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Land Tenure:FS - Fee Simple
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Possession:At Closing, Subject To Tenancy
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Foreclosure:No
Location
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Location:Inside
The Property
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Parcel Number:1-1-3-011-020-0000
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Property Type:Multi-Family
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Property Subtype:Multi-Family
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Property Condition:Average
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Property Frontage:Other
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Lot Size Area:23,407 Sqft
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Lot Features:Clear
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View:Mountain
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Topography:Level
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Zoning:07 - R-3.5 Residential District
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Flood Zone:Zone X
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Set Backs:C&C, Of Record
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Easements:None
Listing Agent
- Contact info:
- Office phone:
- (808) 429-1098
Taxes
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Tax Year:2024
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Tax Amount:$992.19
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Tax Assessed Value:$3,401,400
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Tax Assessed Value Land:$2,726,800
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Tax Assessed Value Improvements:$674,600
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Tax Annual Amount:11906.28
The Listing
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Land Recorded:Regular System
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Disclosures:1031 Exchange, Licensed Owner
Utilities
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Utilities:Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
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Utilities Meters:Electric, Individual, Water
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Sewer:Connected
Appliances
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Laundry Facilities:Coin, Dryer, Leased Equipment, Washer
The Community
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Amenities:None
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Recreation Facilities:None
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Neighbourhood:KALIHI-LOWER
Parking
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Parking Total:28
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Parking Features:Assigned
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Other Parking Features:<10 Spaces
Extra Units
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# of Two Bed Units:18
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Max Internet Speed
Provided by BroadbandNow®
This is the maximum advertised internet speed available for this home. Under 10 Mbps is in the slower range, and anything above 30 Mbps is considered fast. For heavier internet users, some plans allow for more than 100 Mbps.
Sale history
Date | Event | Source | Price | % Change |
---|---|---|---|---|
9/20/24
Sep 20, 2024
|
Sold | HI_CENTRAL_MLS | $4,250,000 | 6.3% |
8/19/24
Aug 19, 2024
|
Pending | HI_CENTRAL_MLS | $4,000,000 | |
7/22/24
Jul 22, 2024
|
Sold Subject To Contingencies | HI_CENTRAL_MLS | $4,000,000 |