2993 A Koali Road, Honolulu, HI 96826

Property Info

Features

• 9 Buildings separated into 14 living units.
• Sale includes 3 parcels of approx 28,272 sq ft of land zoned R-5.
• Each unit has private laundry hookups.
• Conviniently located minutes to the University of Hawaii and Downtown Honolulu.
• Redevelop or use for Investment / Cashflow.

Remarks

2985 & 2993-A Koali Road

Here is a rare opportunity to purchase over 28,272 sq ft of land with 9 dwellings separated into 14 units in the heart of Honolulu.  This property is located on the outskirts of the University of Hawaii - Manoa, and minutes away from Waikiki and Downtown Honolulu.  

(The tax records may differ from the actual property.  The sale includes 3 parcels:   TMK's 1-2-8-27-19,  1-2-8-27-10, and 1-2-8-27-1, which must all be sold together.)

Property Info:

• 3 TMK Parcels – approx. 28,272 sq ft.
• Zoned R-5.
• 9 Buildings that total approx. 9,985 interior sq ft.
• Structures built between 1941 - 1946.

2016 Property Tax Info:

• Land Tax Assessed Value -       $3,068,100
• Improvements Tax Assessed Value - $   607,300
• Total Tax Assessed Value -      $3,675,400

Rental Info:

• The 9 Buildings are divided into 14 rentals:

• All 14 Units are occupied.
• 5 units are occupied rent free.
• 3 units are rented under market value and include utilities.
• Lease periods vary, with some tenants on a month to month lease.
• Individual Laundry Facilities.
• Each Unit has a separate gas meter.
• Each Unit has a separate electric meter.*
• Each tenant is responsible for all utilities and services, EXCEPT for water and sewer.

*Buildings 2985, 2985 C, 2985 D, and Storage all share one meter.

Additional Information:

For additional information, please click on the DOCUMENTS TAB located on the right.

• Google Aerial Map
• Building Map

Additional Information is available upon request.

Showings are by appointment only.  Please do not walk on property or disturb the tenants.