CASH COW. Rare Leasehold asset with excellent income and irresistible pricing. Built in 1991, this income GEM is well maintained and rented by the room. Resident manager on site and make sure the property sparkles. Better that 1:1 parking. Currently rented BY THE ROOM (39 rooms) with shared kitchen and bathroom = 7 five bed/1 ba + 2 three bed, one ba. Can convert to 9 separate rentals to lessen management and overhead (electric and water included, 10 electric meters, 1 water meter), plus Bonus electric charging station for EV)! Lender has verified a $270,000 loan based on “known” rental period to 2027. Lease ends in 2037.
Closed
$650,000
1120 Pua Ln, Honolulu, HI 96817
--beds
0baths
7,170sqft
Multi Family
Built in 1991
-- sqft lot
$997,500 Zestimate®
$91/sqft
$-- HOA
What's special
Zillow last checked: 7 hours ago
Listing updated: June 15, 2024 at 09:47pm
Listed by:
Lillian Shaw 808-294-0008,
Savio Realty Ltd.
Bought with:
Isi M Nau, RB-22256
Blue Mango
Source: HiCentral MLS,MLS#: 202403891

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Appliances
- Laundry: Coin-operated
Interior area
- Total structure area: 7,170
- Total interior livable area: 7,170 sqft
Property
Parking
- Total spaces: 18
- Parking features: Assigned, Open
- Has uncovered spaces: Yes
Features
- Levels: Three Or More
- Has view: Yes
- View description: None, Other
- Frontage type: Other
Lot
- Features: Cleared, Interior Lot, Level
- Topography: Level
Details
- Parcel number: 1170310050000
- Zoning description: 12 - A-2 Medium Density Apartme
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Wood Frame
Condition
- Average Condition
- Year built: 1991
Utilities & green energy
- Sewer: Connected
- Water: Public
- Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, Sewer Available, Water Available, Sewer Connected
Community & neighborhood
Security
- Security features: Fire Sprinkler System
Community
- Community features: None
Location
- Region: Honolulu
- Subdivision: Palama
HOA & financial
Other financial information
- Total actual rent: 30300
Services availability

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