Overview
FIVE HOUSES. A prime investment opportunity in Waianae, Hawaii, offering exceptional value in Hawaiiâs most promising market. This newly redeveloped multi-family property on St. John's Road sits on 28,785 SF of R-5 zoned land and features five turnkey homes, each with 3 bedrooms, 2 bathrooms, and a two-car carport, making it attractive for 1031 exchange investors seeking high income-generating potential with a stabilized gross monthly income of $13,000.
With competitive pricing, this property stands out in the local market, offering strong return on investment. Each home is upgraded with new walls, paint, flooring, high-end fixtures, and modern kitchens, along with private, spacious yards and separate electric meters. Located on a peaceful cul-de-sac, the master suites feature en-suite bathrooms with showers, while second bathrooms include tubs for added convenience.
Key investment features:
Modern kitchens with new appliances (refrigerator and stove)
Expansive, fenced yards with washer/dryer hookups
Two-car carports for each home
All homes are legally permitted with potential for CPR (Condominium Property Regime) development, further enhancing long-term investment value.
Property Details
- Building Type
- Multi Dwellings
- Construction Materials
- Double Wall, Wood Frame
- Location
- Cul-De-Sac
- Neighborhood
- Maili
- Net Operating Income
- 135528.00
- Number Of Units Total
- 5
- Parking Features
- Covered
- Parking Total
- 12
- Property Type
- Multi-Family
- Status
- Active
- Stories
- 1
- Total Actual Rent
- $13,000
- Total Annual Operating Expenses
- $20,472
- Total Income
- $156,000
- Year Built
- 1946
- Year Remodeled
- 2022
Additional Property Info
- Days on Market
- 539
- Elementary School
- Maili
- Flood Zone
- Zone X
- High School
- Waianae
- Middle/Junior School
- Waianae
- Property Condition
- Excellent
- Roof
- Asphalt Shingle
- Tax Amount
- $347
- Tax Assessed Value
- $1,189,600
- Tax Assessed Value Improvements
- $81,200
- Tax Assessed Value Land
- $1,108,400
- Topography
- Level
- Utilities
- Cable, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
- Zoning
- 05 - R-5 Residential District
Courtesy of Ash Tawfik, Hawaii Real Estate Properties.
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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