Waikiki Multi-Family

287 Wai Nani Way, Honolulu, Oahu 96815 Get Directions

$5,150,000

 

Total SqFt
7,300
Lot Size Area
5,760 SqFt
Land Tenure
Fee Simple
MLS #
202324400
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Overview

Trophy Property located on a non-through street blocks from famous Waikiki Beach, this beautiful building is a quiet neighborhood oasis. All units have nice lanai/balcony space for tradewind breezes and lots of natural light. New paint and brand new roof with warranty means excellent income and fantastic return! All units have been renovated, and all parking is covered. 100% occupied at market rents, so easy to 'plug and play' with your own management team. Tenants pay separately metered electricity, AND water, so your monthly expenses are WAY lower than normal. Nice, covered laundry area w machines leased by WASH; agreement expires 6/2024.

Property Details

Building Type
Apartments, Multi Dwellings
Construction Materials
Hollow Tile
Furnished
Partial
Location
Inside
Neighborhood
Waikiki
Net Operating Income
294887.00
Number Of Units Total
13
Parking Features
Assigned
Parking Total
5
Property Frontage
Other
Property Type
Multi-Family
Building SqFt
7,300
Total SqFt
7,300
Status
Active
Stories
3
Total Actual Rent
$28,351
Total Annual Operating Expenses
$48,625
Total Income
$343,512
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City
Year Built
1963
Year Remodeled
2022

Additional Property Info

Disclosures
1031 Exchange, Licensed Owner, Pet on Property
Days on Market
145
Flood Zone
Zone X
Laundry Facilities
Coin, Dryer, Leased Equipment, Washer
Property Condition
Excellent
Roof
Custom/Specialty
Tax Amount
$693
Tax Assessed Value
$3,116,400
Tax Assessed Value Improvements
$908,900
Tax Assessed Value Land
$2,207,500
Topography
Level
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
Zoning
X2 - Apartment Precinct

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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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