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1240 Young Street Honolulu HI 96814 MLS #202505623

COMMERCIAL LISTING. BMX-3 Zoned with residential use exemption makes this property super desirable for its many possible uses. Owners never thought they’d sell, so have kept the building in top shape with low rents to eliminate vacancies. 10 units: 4 ones, 6 twos, 7 parking & 100% occupancy. Super clean, upgraded interiors. All but one unit is renovated. Hollow tile construction, nice private grass yard common area, and excellent location make this property easy to “manage up”: charge for parking, install coin laundry, and increase the rent to market rates. All units have laundry hookups; all machines owned by tenants. Buyer to accept existing survey performed by Walter Thompson Inc November 1, 2000.

Property Details

Price:
$2,900,000
MLS #:
202505623
Status:
Active
Beds:
0
Baths:
0
Address:
1240 Young Street
Type:
Commercial
Subtype:
Industrial
Subdivision:
MAKIKI AREA
Neighborhood:
Metro
City:
Honolulu
Listed Date:
Feb 26, 2025
State:
HI
Finished Sq Ft:
5,088
Total Sq Ft:
5,088
ZIP:
96814
Lot Size:
345,038,760 sqft / 0.18 acres (approx)
Year Built:
1961

Schools

Interior

Cooling
None
Flooring
Concrete

Exterior

Community Features
None
Construction Materials
Block, Concrete
Parking Features
Assigned
Parking Spots
7

Financial

Net Operating Income
$107,663
Taxes
$7,887

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