287 Wai Nani Way

287 Wai Nani Way
Honolulu, HI 96815

For Sale

Active

List Price

$5,150,000 (FS)

Property Type:: Multi-Family
Studio Units:: 0
1-Bed Units:: 4
2-Bed Units:: 9
3-Bed Units:: 0

Land Area (sf):: 5,760
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 5 - Assigned

MLS #:: 202324400
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: WAIKIKI
TMK:: 1-2-6-028-043-0000

List Date:: October 25, 2023

REMARKS:

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.

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PROPERTY INFORMATION:

Zoning:: X2 - Apartment Precinct
Furnished:: Partial

Year Built:: 1963
Year Remodeled:: 2022

FINANCIAL INFORMATION:

Assd. Val. Land:: $2,207,500
Assd. Val. Imprv:: $908,900
Assd. Val. Total:: $3,116,400

Tax Year:: 2024
Monthly Taxes:: $693
Home Exempt.:: --

SCHOOLS:

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

OTHER PROPERTY FEATURES:

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

Lot Description:: Clear
Topography:: Level
Number of Stories:: Three
Building Style:: --
Property Condition:: Excellent
Construction:: Hollow Tile
Roofing:: Custom/Specialty
Floor Covering:: --

Disclosures:: 1031 Exchange, Licensed Owner, Pet on Property
Possession:: At Closing, Subject To Tenancy
Terms Accept.:: 1031 Exchange, Cash, Conventional
Land Recorded:: Regular System

Exclusions:: --
Easements:: None
Set-Backs:: None

Compensation*:: 2
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 27, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Commercial Inv. Strategies