Hawaii House
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981 Prospect St, Honolulu, HI 96822

Multi-Family · For sale · 2422 sqft · $1,475,000  $120,000

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 three. Home has a 1-car garage. Projected market rents per unit: Street Level unit 1: $3,400/mo; 2nd floor unit 2: $1975; Lower Yard Level unit 3: $950, Lower Yard Level unit 4: $950. TOTAL REVENUE $7,275 per month. NOI projected at $65,000/yr.
Details
  • Original list price$1,595,000
  • Days on market64
  • Building typeOther
  • Price per sqft$609/sqft
  • Address

    981 Prospect St, Honolulu, HI, 96822

  • Year Built1922
  • NeighborhoodPunchbowl Area
  • Land tenureFS - Fee Simple
  • Land SqFt4285 sqft
  • ViewMountain
Unit Information
  • # of 1 Bd1
  • # of 2 Bd0
  • # of 3 Bd1
  • Total Units4
Amenities & Features
  • StoriesThree
  • FurnishedNone
  • RoofAsphalt Shingle
  • ConstructionOther, Wood Frame
  • UtilitiesCable, Internet, Other, Public Water
  • Property ConditionAverage
  • ParkingCovered, Open
  • nr.of parking places5
  • AmenitiesOther
Income
  • Total Actual Rent$7,275
  • Total Annual Operating Expenses$22,300
  • Total Income$7,275
  • Net Operating Income$65,000
Schools Nearby
-
Neighborhood - Punchbowl Area
  • Neighborhood average sales price*$495.11k
  • Neighborhood median sales price*$399k
  • Number or sales*57
  • Street median sales price*$553k
Price history
Date Event Price $/sqft Source
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 #201713238
  • TMK1-2-4-015-032-0000
  • Land RecordedLand Court
  • Zoning12 - A-2 M
  • TopographyDown Slope
  • 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
Multi-Family For sale $1,475,000  $120,000 981 Prospect St, Honolulu, HI, 96822 2422 sqft Remove from Saved Save House