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Mike Bates

Mike Bates

REALTOR®-Associate
808-548-1220
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Listing 5 out of 489
$4,250,000 New For Sale

1651 Frog Lane
Honolulu, HI 96817

15 units | Multi Family Home
10250 sq ft - MLS# 201830716
Property Photo
1/16

Description

Prime 3 story solid hollow tile building seldom available for sale in great Town location near Nuuanu, Liliha and Kuakini. Large lot offers 18 parking spaces (some covered) for 13 two bedroom and 2 three bedroom apartment units, total 15 units. The cap rate is 4.85%. Hard to find all 2 and 3 bedroom unit apartment buildings and this is the one! Very good condition, some units renovated, all in move in condition. Stable tenant history with chance to raise rents to improve already impressive cash flow. Separate coin laundry with 3 washers and 3 dryers for added income. Centralized gas heating system for all tenants. Newly paved street with easy access off Liliha.

Features

  • Property Type: Multi Family Home
  • Sub Type: Multi-Family
  • Listing Status: Active
  • County/Area: Honolulu County
  • Zip Code: 96817
  • Year Built: 1969
  • Sq.Ft.: 10,274 sq ft
  • Stories: Three
  • Units: 15 units
  • # of Parking Spaces: 18
  • Lot Size: 10250 sq ft
  • Area: Kuakini
  • Construction Materials: Hollow Tile
  • Furnished: Partial
  • Land Tenure: FS - Fee Simple
  • Lot Features: Clear
  • Lot Sqft: 10248.00
  • Major Area: Metro Oahu
  • Parking Features: Assigned, Covered, Open
  • Property Condition: Above Average, Average
  • SQFT Building: 10274
  • Sewer: Connected
  • Topography: Level
  • Utilities: Cable, Internet, Overhead Electricity, Telephone, Water
Courtesy of Five Star Realty, Inc.

Mike Bates
Realtor Associate
RS-54129
Century 21 iProperties Hawaii

1585 Kapiolani Blvd #1533
Honolulu, HI 96814
Phone: 808-548-1220
Email: hawaiihomes1@gmail.com

Testimonials

Mike was awesome. He was very patient and understanding with us. There were times where we just wanted to put things on hold due to the frustration however Mike stuck in with us. We truly appreciate all that he has done for us and will definitely recommend hom to any family or friends that are looking to buy a home. Alton and Janeen K. - August 2018
Excellent customer service! We bought and sold our home with Mike, he is the best realtor in Hawaii. Jerry and Candace G. - July 2018
I was nervous as a first time home buyer, but Mike handled it really well. He was willing to work with our budget and what we need in our first investment property. I would highly recommend him. Jenny C.
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