1242 6th Avenue, Honolulu, HI 96816
- $3,415,000
- Sold Price
- $3,415,000
- List Price
- $3,700,000
- Days on Market
- 177
- Closing Date
- Apr 01, 2024
- MLS#
- 202306592
- Status
- SOLD
- Type
- Multifamily
- Sq Ft Total
- 7920
- Land Tenure
- FS - Fee Simple
- Neighborhood
- Palolo
Property Description
OFFERED below assessed Value. Beautifully maintained 2-story concrete building with (1x) 1-bedroom and (9x) 2-bedroom units with 10 open parking stalls. A large 13,965 sq ft lot with building size of 7,920 sq. ft. Each unit features exceptionally large living space with balcony or backyard with units own hot water tank. Building features a coin-operated laundry area for extra monthly income, separately metered electricity, and one sewer. Current rents are below market allowing a buyer to increase rents with some upgrades. Possible redeveloping option under Bill 7 to maximize the property's highest and best use. Ideally located near Chaminade University and the University of Hawaii Manoa, restaurants, and shops.
Additional Information
- View
- Mountain
- Zoning
- 11 - A-1 Low Density Apartment
- Lot Size
- 13,965
- Frontage
- Other
- Sewer
- Connected
- Year Built
- 1969
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Listing courtesy of Island, REALTORS. Selling Office: Locations LLC.
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