821 Olokele Avenue

821 Olokele Avenue, Honolulu, HI

$1,888,000

Price

3.61%

Cap Rate

$68,138

NOI

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Street
Map
Overview
Cap Rate
3.61%
NOI
$68,138
Building Size
3,067 sqft
Lot Area
6,000 sqft
Occupancy
100%
Units
5
Year Built
Year Built: front two-storey building - 1957, back (3BR) - 1939
Zoning
12 - A-2 Medium Density Apartment
Floors
2
Parking Spots
6
Roof
Composition
CeilingHeight
150
Description

Super desirable central location close to beach, Waikiki, UH Manoa, and Ala Moana with 4 one-bedrooms in front two-story building (built in 1957) and 1 three-bedroom house (built in 1939) and 1:1 covered parking. All units separately metered for electric (no master meter), one water meter with very low expenses, currently self-managed. Seasoned tenant pool—this area is a tenant favorite(!)—and room for improving rents as all tenants are MTM. Laundry machines owned by tenants. Improvements include: 2 new roofs, copper plumbing inside all units, upgraded electric panels, house and Unit A : most electric rewired.

Highlights
  • • 2 buildings • Total Units: 5
  • • 4 One-Beds, & 1 Three-Bed
  • • Parking: 6
  • • Zoning: A-2
  • • Year Built: front two-storey building - 1957, back (3BR) - 1939
  • • Land SQFT: 6,000
  • • Interior SQFT: 3,067
Documents
Title
CIS_Standard_Addendum.pdf
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Location
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