Makaha Multi-Family

84-152 Orange Street, Waianae, Oahu 96792 Get Directions

SOLD

 

Total SqFt
12,212
Lot Size Area
67,162 SqFt
Land Tenure
Fee Simple
MLS #
202001071
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Overview

Super well-maintained CASH COW with 20 units in 14 structures (6 units are legal non-conforming), each with its own yard and laundry hook ups. Owner managed and upgraded roofs, drywall interiors and T1-11 wood siding from single wall. One block from the beach and walking distance to shops (Longs, restaurants, 7-11). Actual income provides an 8.79% cap on existing income and expenses, which is a total rarity, even on this side of the island! All houses have been well-maintained and the lot is HUGE. Tenants separately metered for electric; 2 water bills (one for 8 units, the other for 12 units), which the owner pays. Pets on property. No showings without 72 hour advanced notice and buyer prequalification.

Property Details

Amenities
Resident Manager
Building Type
Multi Dwellings
Sold Date
04/09/2020
Sold Price
$3,600,000
Construction Materials
Above Ground, Double Wall, Wood Frame
Furnished
Partial
Location
Corner, Inside
Neighborhood
Makaha
Net Operating Income
334082.34
Number Of Units Total
20
Parking Features
Assigned
Parking Total
24
Property Frontage
Other
Property Type
Multi-Family
Building SqFt
12,212
Total SqFt
12,212
Status
Sold
Stories
1
Total Actual Rent
$33,225
Total Annual Operating Expenses
$64,618
Total Income
$398,700
Year Built
1941
Year Remodeled
2019

Additional Property Info

Active Continue To Show Date
02/05/2020
Disclosures
None, Pet on Property
Days on Market
8
Flood Zone
Zone X
Laundry Facilities
Individual
Property Condition
Above Average
Roof
Asphalt Shingle
Tax Amount
$535
Tax Assessed Value
$1,737,600
Tax Assessed Value Improvements
$455,400
Tax Assessed Value Land
$1,282,200
Topography
Level
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
Zoning
05 - R-5 Residential District

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Listing Courtesy of Commercial Inv. Strategies Courtesy of Christina L Dwight, Commercial Inv. Strategies.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2024 by HiCentral MLS, Ltd.

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