Super well-maintained CASH COW with 20 units in 14 structures, each with its own yard and laundry hook ups. Owner managed and upgraded roofs, drywall interiors and T1-11 wood siding from single wall. One block from the beach and walking distance to shops (Longs, restaurants, 7-11). Actual income provides an 8.79% cap on existing income and expenses, which is a total rarity, even on this side of the island! All houses have been well-maintained and the lot is HUGE, perfect possibilities for redevelopment and condo-conversion. Tenants separately metered for electric; 2 water bills (one for 8 units, the other for 12 units), which the owner pays. Pets on property. No showings without 72 hour advanced notice and buyer prequalification. Agent Rmks: Do not disturb tenants, knock on doors, nor park on property. Please use Jill Kauka, First American Title Co., Kapiolani Branch (Jkauka@firstam.com). Email info@commercialinvestmentstrategies for marketing package. See attachments for disclosures, standard addendum (please submit with all offers), and pls use Commercial PSA, LBP, & As Is Addendum. Documents: P&L, Title Search Show Inst: Two Day Notice Reqd, Call Listor, Listor Must Be Present Disclosures: None, Pet on Property.
|84-152 Orange Street|