78 Lakeview Cir #A

78 Lakeview Cir #A
Wahiawa, HI 96786

For Sale

Sold

Sold Price

$1,315,000 (FS)

List Price

$1,300,000 (FS)

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

Land Area (sf):: 9,456
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 7 - Assigned

MLS #:: 202003636
Island:: Oahu
Region:: Central Oahu
Neighborhood:: WILIKINA
TMK:: 1-7-3-008-031-0000

List Date:: February 27, 2020
Date Sold:: April 23, 2021

REMARKS:

Welcome to Lakeview Lodge! VERY nicely kept and renovated property with an actual return of 6% cap rate return on existing income with seasoned rents and established leases. Two structures: front building=three 2 bed/1 bath; back building=3/2 downstairs + HUGE 1/1 upstairs. Nicest property on the block, well maintained by the owner with excellent potential—possible Bill 7 re-development (*buyer to do its own due diligence) and nice cash flow while you wait for permits! All units have been updated and show nicely and are separately metered for electric with each unit having its own washer/dryer, making all units more attractive to renters.

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PROPERTY INFORMATION:

Zoning:: 12 - A-2 Medium Density Apartme
Furnished:: Partial

Year Built:: 1952
Year Remodeled:: 2019

FINANCIAL INFORMATION:

Assd. Val. Land:: $1,040,200
Assd. Val. Imprv:: $156,900
Assd. Val. Total:: $1,197,100

Tax Year:: 2019
Monthly Taxes:: $322
Home Exempt.:: --

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:: Lake/Pond
View:: Marina/Canal, Other
Pool:: --
Amenities:: None
Inclusions:: --
Security:: --
Assn. Fee Inclusions:: --
Other Fee Inclusions:: --

Lot Description:: Clear
Topography:: Level
Number of Stories:: Two
Building Style:: --
Property Condition:: Above Average
Construction:: Concrete, Double Wall
Roofing:: Composition
Floor Covering:: --

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

Exclusions:: --
Easements:: Egress, Ingress, Sewer, Telephone, Water
Set-Backs:: None

Compensation*:: 2.25%
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 Commercial Inv. Strategies