87-2042 Farrington Hwy

87-2042 Farrington Hwy
Waianae, HI 96792

For Sale

Sold

Sold Price

$2,280,000 (FS)

List Price

$2,368,000 (FS)

Property Type:: Multi-Family
Studio Units:: 1
1-Bed Units:: 4
2-Bed Units:: 12
3-Bed Units:: 7

Land Area (sf):: 793,750
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 50 - Open

MLS #:: 201714083
Island:: Oahu
Region:: Leeward Coast
Neighborhood:: MAILI
TMK:: 1-8-7-008-077-0000

List Date:: June 28, 2017
Date Sold:: December 15, 2017

REMARKS:

Rarely available and has tremendous potential: 18 acres of country-zoned level land with 22 rental units generating about $250, 000 rental income. Shopping center and MacDonald are right in the front. Beautiful beach and ocean are just a few steps away. The adjacent vacant land of 12 acres is also on the market for sale for over 3, 530, 000 ! Obviously, this is a super deal.

View Map

PROPERTY INFORMATION:

Zoning:: 56 - Country
Furnished:: Partial

Year Built:: 1930
Year Remodeled:: 2017

FINANCIAL INFORMATION:

Assd. Val. Land:: $684,000
Assd. Val. Imprv:: $807,600
Assd. Val. Total:: $1,491,600

Tax Year:: 2016
Monthly Taxes:: $415
Home Exempt.:: --

SCHOOLS:

Elem. School:: Nanakuli
Middle School:: --
High School:: --

OTHER PROPERTY FEATURES:

Frontage:: --
View:: Mountain
Pool:: --
Amenities:: None
Inclusions:: --
Security:: --
Assn. Fee Inclusions:: --
Other Fee Inclusions:: --

Lot Description:: Clear
Topography:: Level
Number of Stories:: One
Building Style:: --
Property Condition:: Average
Construction:: Wood Frame
Roofing:: Asphalt Shingle
Floor Covering:: --

Disclosures:: Property Disclosure Stmt
Possession:: Subject To Tenancy
Terms Accept.:: Cash, Conventional, 1031 Exchange
Land Recorded:: Land Court

Exclusions:: --
Easements:: Cable, Electric
Set-Backs:: C&C

Compensation*:: 2.5%
Compensation Type:: --

* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Saturday, April 20, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of East Oahu Realty, Inc.

For Sale

201714083