Hawaii House
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981 Prospect St, Honolulu, HI 96822

Home · Temporarily Withdrawn · 6 beds · 3 full 1 half baths · 2422 sqft · $1,295,000  $180,000

OVER 5.2% CAP RATE! REMODELED in 2016, 4-UNIT, MULTI-FAMILY INVESTMENT PROPERTY IN TOWN! Highly desirable Makiki/Punchbowl area. 4 separate units: Street Level - 4 bed/1-1/2 bath; 2nd floor - 1 bed/1-bath + 1 den; lower yard level (units 2 & 3) consist of 2 efficiencies (2 kitchenettes, 1 shared bath that open to a large backyard). Live in one unit and lease the others, or lease all four. Home has a 1-car garage. Currently Leased: Street Level: $3,100/mo; 2nd floor: $1950; Projected Monthly Lease: Lower Yard-Level 1: $975, Lower Yard-Level 2: $975 (these 2 are currently occupied by family members). TOTAL REVENUE $6,950 per month. Gross per annum: $83,400 + $2,400 coin laundry revenue. Expenses ($17,610), Net Operating Income projected at $68,190 per annum. CAP RATE: 5.26%
Details
  • Original list price$1,595,000
  • Days on market110
  • Price per sqft$535/sqft
  • Baths3 full 1 half
  • Beds6
  • Address

    981 Prospect St, Honolulu, HI, 96822

  • Total area2422 sqft
  • Interior area2422 sqft
  • Land area4285 sqft
  • nr.of parking places5
  • Property typeDetach Single Family
  • Year Built1922
  • FrontageOther
  • PoolNone
  • NeighborhoodPunchbowl Area
  • City of OahuHonolulu
  • RegionHonolulu
  • IslandOahu
  • Land tenureFS - Fee Simple
  • ViewNone, Mountain, Other
Amenities & Features
  • FloorsCeramic Tile
  • StoriesThree+
  • FurnishedNone
  • RoofAsphalt Shingle
  • ConstructionOther, Wood Frame
  • UtilitiesCable, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
  • Property ConditionAverage
  • AmenitiesBedroom on 1st Floor, Full Bath on 1st Floor
  • InclusionsRange/Oven, Refrigerator
Schools Nearby
-
Neighborhood - Punchbowl Area
  • Neighborhood average sales price*$649.55k
  • Neighborhood median sales price*$472.5k
  • Number or sales*48
  • Street median sales price*$540k
Price history
Date Event Price $/sqft Source
2018-01-04 Temporarily Withdrawn $1,295,000 $534.68 MLS 201713238
2017-09-29 Price Decrease $1,295,000 -12.2% $534.68 MLS 201713238
2017-09-29 Back On Market $1,475,000 $609.00 MLS 201713238
2017-09-10 Temporarily Withdrawn $1,475,000 $609.00 MLS 201713238
2017-07-10 Price Decrease $1,475,000 -7.52% $609.00 MLS 201713238
2017-06-14 New Listing $1,595,000 $658.55 MLS 201713238
Taxes
  • Current Property Taxes p/month$272
  • Property Tax Year2016
  • Assessed Improvement value$184,800
  • Assessed Land value$792,700
  • MLS #201712958
  • TMK1-2-4-015-032-0000
  • Land RecordedLand Court
  • Zoning12 - A-2 M
  • TopographyDown Slope
  • LocationOther
  • Lot DescriptionOther
  • Property SetbacksC&C, Of Record
  • Total Assessed value$977,500
Agent viewpoints   of 981 Prospect St, Honolulu, HI, 96822
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise

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Hawaii House
Home Temporarily Withdrawn $1,295,000  $180,000 981 Prospect St, Honolulu, HI, 96822 6 beds / 3 full 1 half baths / 2422 sqft Remove from Saved Save House