2989 Ala Ilima Street

$4,500,000

COMMERCIAL LISTING. RARE FIND in Salt Lake. Owners never thought they'd sell, so took care of the building like they'd keep it forever with lease rents WAY below market. Easy opportunity to 'manage up.' Beautifully maintained building with an elevator and 16 units: 4 ones, 12 twos, and 16 parking with 5 tandem stalls for 21 stalls total (most are covered w/extra charge for usage). Easy to rent units with cool mountain breezes in a desirable neighborhood. Hollow tile construction, simple & clean interiors in excellent condition. All units separately metered for electricity and one water meter.

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Interior

Laundry Room	Coin-operated
Appliances	Dryer, Washer

Exterior

Stories	3
Water Source	Public
Utilities	Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
Lot Features	Cleared, Interior Lot
Parking	Assigned, Covered
Sewer	Connected

Area & Lot

Status	Active Under Contract
LIVING SPACE	13,824 Sq.Ft.
LOT SIZE	10,000 Sq.Ft.
MLS® ID	202505434
Type	Multi-Family
Year Built	1969
Neighborhood	Honolulu
View Description	City

Financial

SALES PRICE	$4,500,000
REAL ESTATE TAXES	$9,332/yr

Active Under Contract

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Christina’s mission is to provide exemplary, personalized service for multifamily investors. She is laser-focused on providing the best marketing and exposure, identifying capable buyers, and proactively addressing their concerns so that the process is as stress-fee as possible. Commercial Investment Strategies is the only firm in Hawaii exclusively engaged in apartment building buying and selling.

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2989 Ala Ilima Street