| Description | Fantastic Cap Rate Return! Completely Renovated, Turn Key Opportunity with all tenants paying excellent market rents. Interiors are beautifully upgraded with all new everything, and a welcoming, bright layout. Well-situated investment in the heart of Makiki with easy access to UHM, Waikiki, and Ala Moana equals a stellar, reliable tenant pool. Two buildings: front building is hollow tile first floor with 3 one-bedrooms and wood second floor with one three-bedroom and 1 one-bedroom upstairs; back building is all hollow tile 4 one-bedrooms. All units are separately metered for gas and electric, one water meter. Coin, owned laundry. Buyer to accept existing survey performed by Ailana Surveyors August 24, 2023. |
|---|---|
| Status | Sold since 09-16-2024 |
| MLS# | 202421145 |
| Price | $2,650,000 |
| Original Price | $3,150,000 |
| Price Change | $-500,000 (-15.87%) |
| Studio Units | 0 |
| One Bed Units | 8 |
| Two Bed Units | 0 |
| Three Bed Units | 1 |
| Living Sq Ft | 4,208 |
| Land Sq Ft | 6,400 |
| Land Tenure | FS - Fee Simple |
| Maintenance Fee | $0 |
| Address | 2014 Fern Street Honolulu HI 96826 |
| Region | Metro |
| Neighborhood | Moiliili |
| Days on Market | 99 |
| Year Built | 1953 |
| Condition | Excellent |
| View | City |
| Frontage | Other |
| Parking | Assigned |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone AO |
| Tax Amount | $560 |
| Assessed Land | $1,715,200 |
| Assessed Building | $204,800 |
| Assessed Total | $1,920,000 |
| Assessed Ratio | 138% |
| Utilities | Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Water |
| Construction | Hollow Tile, Vinyl, Wood Frame |
| Lot Features | Clear |
| Disclosures | 1031 Exchange, Licensed Owner |
| Land Recorded | Land Court |
| Possession | At Closing, Subject To Tenancy |
| Sale Conditions | None |
| Topography | Level |
| Roofing | Asphalt Shingle |
| Easements | None |
| Parcel # | 1-2-7-002-009-0000 |
| Listing courtesy of | Commercial Inv. Strategies |
Property History from MLS
| Date | MLS# | Change | Old Value | New Value | List Price | Sold Price | Assessed Total | Land | Building |
|---|---|---|---|---|---|---|---|---|---|
| 03-04-2025 | 202421145 | Sold | C | S | $2,650,000 | $2,700,000 | $1,920,000 | $1,715,200 | $204,800 |
| 12-24-2024 | 202421145 | Active Under Contract | A | C | $2,650,000 | $2,700,000 | $1,920,000 | $1,715,200 | $204,800 |
| 12-11-2024 | 202421145 | Price Decrease | $2,988,000 | $2,650,000 | $2,650,000 | $2,700,000 | $1,920,000 | $1,715,200 | $204,800 |
| 10-07-2024 | 202421145 | Price Decrease | $3,150,000 | $2,988,000 | $2,650,000 | $2,700,000 | $1,920,000 | $1,715,200 | $204,800 |
| 09-16-2024 | 202421145 | New Listing | A | $2,650,000 | $2,700,000 | $1,920,000 | $1,715,200 | $204,800 | |
| 11-09-2023 | 202319386 | Sold | C | S | $2,500,000 | $2,300,000 | $1,861,200 | $1,664,000 | $197,200 |
| 08-28-2023 | 202319386 | Active Under Contract | A | C | $2,500,000 | $2,300,000 | $1,861,200 | $1,664,000 | $197,200 |
| 08-22-2023 | 202319386 | New Listing | A | $2,500,000 | $2,300,000 | $1,861,200 | $1,664,000 | $197,200 |
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