Double Corner Lots! 2141 Palolo: 4,875sf (vacant) AND 2144 Kauhana: 5,005sf (apt + comm). Excellent opportunity to own an apartment building with parking and commercial space in Palolo! 2144 Kauhana lot is 8 units: 7 ones and 1 permitted comm space (previously a convenience store, now an office'”see attachments) on 5,005sf, taxed at B-2 zoned rate (legal, non-conforming). Commercial tenant has options to stay until 2022. All but 1 apartment tenants are MTM. 2141 Palolo lot is vacant lot of 4,875sf taxed at R5 zoned rate, currently used for parking. All units occupied, AND a commercial laundromat across the street. NOI for the property is ACTUAL with seasoned leases and no vacancy. *See encroachment agreement in attachments.
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