287 Wai Nani Way

287 Wai Nani Way
Honolulu, HI 96815

For Sale

Active

List Price

$5,150,000 (FS)

Property Type:: Commercial/Industrial
Bedrooms:: --
Full Baths:: --
Half Baths:: --

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

Parking Stalls:: 5 - Assigned, On Site

MLS #:: 202324401
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:: --

Year Built:: 1963
Year Remodeled:: --

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:: --
Pool:: --
Amenities:: None
Inclusions:: --
Security:: --
Assn. Fee Inclusions:: --
Other Fee Inclusions:: --

Lot Description:: --
Topography:: --
Number of Stories:: Three
Building Style:: --
Property Condition:: Excellent
Construction:: Concrete Block
Roofing:: Other
Floor Covering:: Concrete

Disclosures:: Licensed Owner
Possession:: --
Terms Accept.:: 1031 Exchange, Cash, Other
Land Recorded:: Regular System

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

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