1662 Lewalani Dr
Honolulu, HI 96822
- Property Type:
- Multi-Family
- Studio Units:
- 0
- 1-Bed Units:
- 6
- 2-Bed Units:
- 6
- 3-Bed Units:
- 0
- Land Area (sf):
- 8,736
- Living (sf):
- --
- Lanai (sf):
- --
- Other (sf):
- --
- Parking Stalls:
- 10 - Assigned
- MLS #:
- 202311027
- TMK:
- 1-2-4-030-033-0000
- List Date:
- Island:
- Oahu
- Region:
- Metro Oahu
- Neighborhood:
- MAKIKI
REMARKS:
100% leased 12-unit apartment building in a well-located part of Makiki. Excellent stabilized cash flow opportunity which is turnkey for an investor. The property underwent a major renovation in 2020 including new quartz countertops, cabinets, vanities, lights, ceiling fans, LVT flooring, interior paint, tiled showers*, stainless steel microwaves and gas ranges/ovens, washer dryers, and low flow water fixtures. In addition, the driveway and parking lot was repaved with new asphalt and concrete in some areas, as well as updated landscaping to the property. Roof re-coated and resealed in 2022! INVESTMENT HIGHLIGHTS - Renovated units with luxury finishes - Excellent unit mix - CMU construction - Large Units - Electricity & Gas are separately metered - All units have their own washer/dryer - 10 on-site parking spaces - In-place 4.9% CAP rate
PROPERTY INFORMATION:
- Zoning:
- 12 - A-2 Medium Density Apartme
- Furnished:
- --
- Year Built:
- 1966
- Year Remodeled:
- 2002
FINANCIAL INFORMATION:
- Assd. Val. Land:
- $1,790,600
- Assd. Val. Imprv:
- $849,400
- Assd. Val. Total:
- $2,640,000
- Tax Year:
- 2023
- Monthly Taxes:
- $744
- Home Exempt.:
- --
SCHOOLS:
- Elementary School:
- Lincoln
- Middle School:
- Stevenson
- High School:
- Roosevelt
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 Standard Management LLC