Hawaii House
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1551 Thurston Ave, Honolulu, HI 96822

Multi-Family · Withdrawn · 8242 sqft · $2,300,000

Makiki Terrace Apartment consists of eighteen apartment units in three (3) walk-up apartment buildings. Property exterior has been recently painted. Stabilized NOI and solid history of stable occupancy. Offered at a 6.39% CAP on ACTUAL INCOME including managment fee. Best deal in Makiki for income and price per unit.
Details
  • Original list price$2,350,000
  • Days on market447
  • Building typeApartments,Fourplex,Multi Dwellings
  • Price per sqft$279/sqft
  • Address

    1551 Thurston Ave, Honolulu, HI, 96822

  • Year Built1954
  • NeighborhoodPunchbowl Area
  • Land tenureFS - Fee Simple
  • Land SqFt8699 sqft
  • ViewCity, Mountain, Ocean
Unit Information
  • # of 1 Bd16
  • # of 2 Bd0
  • # of 3 Bd1
  • Total Units18
Amenities & Features
  • StoriesThree, Two
  • FurnishedPartial
  • RoofAsphalt Shingle, Composition, Pitch & Gravel
  • ConstructionConcrete, Hollow Tile, Single Wall
  • UtilitiesCable, Connected, Internet, Overhead Electricity, Public Water, Telephone, Water
  • Property ConditionAbove Average, Average
  • ParkingAssigned, Covered
  • nr.of parking places9
  • AmenitiesNone
Income
  • Total Actual Rent$1
  • Total Annual Operating Expenses$64,860
  • Total Income$211,800
  • Net Operating Income$146,940
Schools Nearby
-
Neighborhood - Punchbowl Area
  • Neighborhood average sales price*$488.45k
  • Neighborhood median sales price*$394.5k
  • Number or sales*58
  • Street median sales price*$84.5k
Price history
Date Event Price $/sqft Source
2012-12-10 Withdrawn $2,300,000 $279.06 MLS 1206986
2012-08-07 Price Decrease $2,300,000 -2.13% $279.06 MLS 1206986
2012-06-21 New Listing $2,350,000 $285.12 MLS 1206986
2012-03-22 Withdrawn $2,350,000 $285.12 MLS 1201034
2012-01-27 New Listing $2,350,000 $285.12 MLS 1201034
2012-01-09 Withdrawn $2,488,000 $301.87 MLS 1113137
2012-01-09 Temporarily Withdrawn $2,488,000 $301.87 MLS 1113137
2011-11-01 New Listing $2,488,000 $301.87 MLS 1113137
2011-08-18 Sold $1,788,000 $216.94 Public Record
2011-04-27 In Escrow - still showing $1,788,000 $216.94 MLS 1104967
2011-04-25 Price Increase $1,788,000 +10.03% $216.94 MLS 1104967
2011-04-25 New Listing $1,625,000 $197.16 MLS 1104967
Taxes
  • Current Property Taxes p/month$5,687
  • Property Tax Year2011
  • Assessed Improvement value$354,700
  • Assessed Land value$1,321,800
  • MLS #1206986
  • TMK1-2-4-017-025-0000
  • Land RecordedRegular System
  • Zoning12 - A-2 M
  • TopographyDown Slope,Level
  • LocationOther
  • Lot DescriptionOther
  • Property SetbacksOf Record
  • Total Assessed value$1,676,500
Agent viewpoints   of 1551 Thurston Ave, Honolulu, HI, 96822
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise

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Hawaii House
Multi-Family Withdrawn $2,300,000 1551 Thurston Ave, Honolulu, HI, 96822 8242 sqft Remove from Saved Save House