2989 Ala Ilima St - Apartments FOR SALE


$4,500,000 USD
808-429-1098
2989 Ala Ilima St, Honolulu, HI for Sale
$4,500,000 USD
Apartments - FOR SALE
1/25
null | 3.84% Cap Rate


HIGHLIGHTS

  • Total: 16 Units, 4 One Bedrooms, 12 Two Bedrooms
  • Parking Stalls: 16
  • Year Built: 1969
  • Land SQFT: 10,000
  • Interior SQFT: 13,824

OVERVIEW

RARE FIND in Salt Lake. Owners never thought they’d sell, so took care of the building like they’d keep it forever with lease rents WAY below market. Easy opportunity to ‘manage up.’ Beautifully maintained building with an elevator and 16 units: 4 ones, 12 twos, and 16 parking with 5 tandem stalls for 21 stalls total (most are covered w/extra charge for usage). Easy to rent units with cool mountain breezes in a desirable neighborhood. Hollow tile construction, simple clean interiors in excellent condition. All units separately metered for electricity and one water meter.

FOR SALE DETAILS

PRICE

$4,500,000 USD

PRICE/SF

$326 USD /SF

# OF UNITS

16

PRICE/UNIT

$281,250

CAP RATE

3.84%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Ann Arbor

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Mid-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

4

YEAR BUILT

1969

PARKING SPACES

16

LAND DETAILS

LAND ACRES

0.24 AC

LAND SF

10,454 SF

ZONING

U/12/12

APN/PARCEL ID

1-1-1-061-027-0000

ASK ABOUT THIS PROPERTY

Christina Low DwightCommercial Investment Strategies LLCMore Info
808-429-1098

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Christina Low DwightCommercial Investment Strategies LLCMore Info
808-429-1098

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.