1003 3rd Avenue
Active Investor’s gem in the highly desired Kaimuki area. Rare opportunity with a lot size at 15,600 sq. ft. in a R-3.5 zone. Property currently has a total of 12 rental units (7 Studios, 4 One Bedrooms, 1 Two Bedroom). 5 separate structures on a corner block of your own stretching from 3rd Ave to Palima Pl., across Pahoa Ave. Property has 11 individual electric meters, 11 individual gas meters, and 2 water meters. Conveniently located near freeway on/off ramps, handful of restaurants and businesses on Waialae Ave. & Kapahulu Ave, Market City Shopping Center, Kapahulu Shopping Center, Waikiki. Buyers to do their own due diligence. Photos with outlines are only for general guidelines and do not depict actual lot boundaries. ALL SHOWINGS ARE BY APPOINTMENTS ONLY, PLEASE DO NOT ENTER THE PREMISES AND DISTURB THE TENANTS.
View full listing details| Price: | $$3,380,000 USD |
|---|---|
| Address: | 1003 3rd Avenue |
| City: | Honolulu |
| State: | Hawaii |
| Zip Code: | 96816 |
| MLS: | 202320181 |
| Year Built: | 1941 |
| Acres: | 0.358 |
| Lot Square Feet: | 0.358 acres |
| dom: | 200 |
|---|---|
| roof: | Asphalt Shingle, Other |
| view: | City, Other |
| sewer: | Connected |
| zoning: | 07 - R-3.5 Residential District |
| taxYear: | 2023 |
| tmkArea: | 132 |
| location: | Corner |
| amenities: | None |
| easements: | Other |
| floodZone: | Zone X |
| furnished: | Partial |
| taxAmount: | 862 |
| utilities: | Gas, Public Water |
| landTenure: | FS - Fee Simple |
| possession: | At Closing |
| topography: | Gentle Slope |
| disclosures: | None |
| lotFeatures: | Other |
| storiesType: | One, Two |
| tmkDivision: | 1 |
| totalIncome: | 192900 |
| buildingType: | Multi Dwellings |
| landRecorded: | Regular System |
| listAgentMui: | 3482759 |
| mlsAreaMajor: | DiamondHd |
| parcelNumber: | 1-3-2-010-048-0000 |
| parkingTotal: | 12 |
| foreclosureYN: | no |
| neighbourhood: | KAIMUKI |
| coListAgentMui: | 10467949 |
| listingService: | Full Service |
| expensesInclude: | Insurance, Property Tax, Sewer Fee |
| parkingFeatures: | Open |
| totalActualRent: | 16075 |
| utilitiesMeters: | Electric, Gas, Water |
| coListAgentEmail: | tiffanyturealty@gmail.com |
| listingAgreement: | Exclusive Rights |
| listingFinancing: | Cash, Conventional |
| taxAssessedValue: | 2954700 |
| propertyCondition: | Average |
| taxPaidBySellerYN: | no |
| compensationMethod: | See Agent |
| netOperatingIncome: | 158010 |
| numberOfUnitsTotal: | 12 |
| unitOneBedNumberOf: | 4 |
| unitTwoBedNumberOf: | 1 |
| studioUnitsNumberOf: | 7 |
| otherParkingFeatures: | None |
| taxAssessedValueLand: | 2726500 |
| compensationSubjectTo: | Other |
| constructionMaterials: | Single Wall |
| propertyTypeAlternate: | Multi-Family |
| specialListingConditions: | None |
| coListAgentDirectWorkPhone: | (808) 277-0913 |
| dualVariableCompensationYN: | 1 |
| taxAssessedValueImprovements: | 228200 |
| totalAnnualOperatingExpenses: | 34890 |
| tenantsResponsibilitiesInclude: | Electricity, Gas |
