287 Wai Nani Way, Honolulu, HI 96815

$5,150,000
List Price
$5,150,000
Price Change
▼ $130,000 1707538606
Days on Market
330
MLS#
202324401
Status
ACTIVE
Type
Commercial
Building
Na
Sq Ft Total
7300
Land Area
5,760
Land Tenure
FS - Fee Simple
Neighborhood
Waikiki

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
Gas, Light Electricity, Other, Small Water Meter
Easements
None
Parking Total
5
Tenants Responsibilities Include
Electricity, Gas, Other, Water
Lot Size
5,760
Construction Materials
Concrete Block
Mls Area Major
Metro
Neighborhood
Waikiki
Frontage
Other
Year Built
1963
Tax Amount
$693
Building Name
Na
Total Income
343512
Sewer
Connected
Roof
Other
Parking Features
Assigned, On Site
Amenities
None
Total Annual Operating Expenses
48625
Stories
3
Assessed Total
3116400
Assessed Improvement
908900
Assessed Land
2207500
Zoning
X2 - Apartment Precinct

Mortgage Calculator

Amount of Loan
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Term of Loan
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Calculator source: Real Geeks

Listing courtesy of Commercial Inv. Strategies.

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