287 Wai Nani Way, Honolulu, HI 96815

$5,150,000
List Price
$5,150,000
Status
ACTIVE
Type
Multifamily
MLS#
202324400
Price Change
▼ $130,000 1707538606
Days on Market
267
Land Area
5,760
Year Built
1963
Year Remodeled
2022
Neighborhood
Waikiki
Land Tenure
FS - Fee Simple

Property Description

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.

Additional Information

Island
Oahu
Stories Type
Three
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
View
City
Easements
None
Parking Total
5
Tenants Responsibilities Include
Cable TV, Electricity, Gas, Other, Parking, Water
Sqft Building
7300
Lot Size
5,760
Unit One Bed Number Of
4
Construction Materials
Hollow Tile
Mls Area Major
Metro
Neighborhood
Waikiki
Frontage
Other
Furnished
Partial
Year Built
1963
Year Remodeled
2022
Tax Amount
$693
Total Income
343512
Sewer
Connected
Unit Two Bed Number Of
9
Roof
Custom/Specialty
Recreation Facilities
None
Parking Features
Assigned
Lot Features
Clear
Amenities
None
Total Annual Operating Expenses
48625
Assessed Total
3116400
Assessed Improvement
908900
Assessed Land
2207500
Zoning
X2 - Apartment Precinct

Mortgage Calculator

Amount of Loan
Annual Interest Rate
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Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.
Calculator source: Real Geeks

Listing courtesy of Commercial Inv. Strategies.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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