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SOLD
MLS: 202403543
 
Asking Price: $1,800,000 FS - Fee Simple
Sold Price: $1,900,000
Sold Date: 03/12/2024
Type: Multi-Family
District: Metro
Address: 2824 Kihei Place, Honolulu, HI
Neighborhood: Kapahulu
Land Area: 5,653 SF
View: City,Garden
Parking: Assigned
Amenities: Storage
Days on Market: 287
Year Built: 1967
Easements: Water
Zoning: 12 - A-2 Medium Density Apartm
Land Recorded: Land Court
Property Taxes: $536,.29
Assessed Value: $1,838,700,.00
Assessed Ratio: 97.9%
Listing Courtesy: Keller Williams Honolulu
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6 unit apartment building in the highly sought-after neighborhood of Kapahulu. The concrete block building consists of 3 one-bedroom and 3 two-bedroom units, each accompanied by washer/dryer hookups in each unit. The building boasts 7 covered parking stalls! Separate electrical meters. Current rents are positioned below market, presenting a significant opportunity for a buyer to enhance returns through interior upgrades. The roof was recoated 2 years ago. Located behind Market City Shopping Center and just down the street from Kilohana Square, residents enjoy easy access to Kapahulu Avenue's vibrant array of restaurants and the convenience of nearby bus lines. Its proximity to the freeway, Waikiki, and the University of Hawaii makes it an ideal choice for a diverse array of tenants. This is a prime opportunity to own a piece of Kapahulu, a location that blends accessibility with the charm of Honolulu's beloved neighborhoods.


 
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