287 Wai Nani Way
Honolulu, HI 96815

For Sale
Sold
Sold Price
$4,500,000 (FS)
List Price
$4,950,000 (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
Property Photo
MLS #:
202300739
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
WAIKIKI
TMK:
1-2-6-028-043-0000
List Date:
Date Sold:

REMARKS:

Beautiful Building, Excellent Rents! Three story concrete apartment building blocks from Waikiki Beach and Kapiolani Park located on a non-through street = lower non-resident traffic and a more residential neighborhood with access to all Waikiki has to offer. All interiors have been upgraded—some in the past few years, but all by the previous owner, and the exterior is well-maintained, resulting in excellent rental rates. All units have exterior space making them much more desirable than other units on the market. Separately metered for electric, tenants pay electric AND water, which is charged back to them through RUBS. Coin laundry leased through WASH and expires 6/23. 2 covered stalls, 3 stalls in front.

PROPERTY INFORMATION:

Zoning:
X2 - Apartment Precinct
Furnished:
Partial
Year Built:
1963
Year Remodeled:
2022

FINANCIAL INFORMATION:

Assd. Val. Land:
$1,915,200
Assd. Val. Imprv:
$376,700
Assd. Val. Total:
$2,291,900
Tax Year:
2022
Monthly Taxes:
$668
Home Exempt.:
--

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:
Other
View:
None
Pool:
--
Amenities:
Resident Manager
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
Possession:
At Closing, Subject To Tenancy
Terms Accept.:
Cash, Conventional, 1031 Exchange
Land Recorded:
Regular System
Exclusions:
--
Easements:
None
Set-Backs:
None
Compensation*:
2.0

* 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 Monday, March 4, 2024.  Information is deemed reliable but not guaranteed.  Copyright: 2024 by HiCentral MLS, Ltd.  Listing courtesy of Commercial Inv. Strategies