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1120 Pua Lane, Honolulu, HI 96817
$650,000
1120 Pua Lane, Honolulu, HI 96817View this property at 1120 Pua Lane, Honolulu, HI 96817
1120 Pua LaneHonoluluHI96817
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Property Description
CASH COW. Rare Leasehold asset with excellent income and irresistible pricing. Built in 1991, this income GEM is well maintained and rented by the room. Resident manager on site and make sure the property sparkles. Better that 1:1 parking. Currently rented BY THE ROOM (39 rooms) with shared kitchen and bathroom = 7 five bed/1 ba + 2 three bed, one ba. Can convert to 9 separate rentals to lessen management and overhead (electric and water included, 10 electric meters, 1 water meter), plus Bonus electric charging station for EV)! Lender has verified a $270,000 loan based on "known" rental period to 2027. Lease ends in 2037.
Full Property Details
Full Property Details for 1120 Pua Ln
General
- Sold For: $650,000
- Taxes: $9,600 (2023)
- Status: Closed
- Type: Multi-Family
- MLS ID: 202403891
- Added to Site: 90 day(s) ago
Rooms
Other Rooms
- Laundry: Coin
Additional Information
- Amenities: Fire Sprinkler, Resident Manager
- Recreation: None
Parking
- Parking Features: Assigned, Open
- Parking Type: Assigned, Open
- Other Parking Type: <10 Spaces
Location
- Area: Metro
- County: Oahu
- Neighborhood: PALAMA
School Information
- Elementary School: Likelike
- Middle School: Keelikolani
- High School: Mckinley
Utilities
- Sewer: Connected
- Utility Description: Cable, Overhead Electricity, Public Water, Sewer Fee, Water
- Metering: Electric, Water
Structural Information
- Description/Design: Multi-Family
- Exterior Const.: Wood Frame
- Roof: Composition
- Stories/Levels: 3
- Stories Description: Three
- Square Feet: 7,170
- Year Built: 1991
- Property Condition: Average
Unit Information
- 3 Bedroom Units: 9
Lot Features
- Property View: None, Other
- Lot Size (Sq. Ft.): 11,500
- Topography: Level
- Lot Features: Clear
- Zoning: 12 - A-2 Medium Density Apartme
- Lot Description: Clear
Financial Considerations
- Expenses: Excise Tax, Insurance, Lease Rent, Mgmt Fee, Other, Property Tax, Repair Maintenance, Sewer Fee
- Operating Expenses: $314,600
- Tax Amount: $9,600
- Tax Year: 2023
- Terms: Cash, Conventional, 1031 Exchange
- Tenant Pays: None
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: LH - Leasehold
- Special Conditions: None
- Documents Avail.: Lease Documents, P&L, Title Search
- Land Tenure: Leasehold
- Flood Zone: Zone X
- Disclosures/Reports: Licensed Owner, Listor Owner
- Property ID: 1-1-7-031-005-0000
Listed by Savio Realty Ltd.
Sold by Blue Mango
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Schools
Schools serving 1120 Pua Ln
School District:Hawaii Department Of Education
Rating | Name | Grades | Distance |
---|---|---|---|
1618 Palama St, Honolulu, HI 96817 | K-5 | 0.2 mi | |
1302 Queen Emma St, Honolulu, HI 96813 | 6-8 | 0.8 mi | |
1039 S King St, Honolulu, HI 96814 | 9-12 | 1.9 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 1120 Pua Ln
Date
Details
Price
Change
Source
5/09/2024
Sold
$650,000
-7.01%
MLS
2/20/2024
Listed
$699,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
1120 Pua Lane, Honolulu, HI 96817 (MLS# 202403891) is a Multi-Family property that was sold at $650,000 on May 09, 2024. Want to learn more about 1120 Pua Lane? Do you have questions about finding other Multi-Family real estate for sale in Palama? You can browse all Palama real estate or contact a Coldwell Banker agent to request more information.