For Sale: Sold

1662 Lewalani Dr
Honolulu, HI 96822

$4,150,000 (FS)
Sold Price
$4,390,000 (FS)
List Price
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