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    1662 Lewalani Drive

    Honolulu, HI 96822
    • $4,695,000
    • STATUS: Active
    • ON SITE: 79 days
    • MLS #: 202027994
    UPDATED: 31 min ago
    $4,695,000
    • 0
      BEDS
    • 0.2
      ACRES
    • 0
      BATHS
    • 0
      1/2 BATHS
    • 7,524
      SQFT
    • $624
      $/SQFT
    Neighborhood:
    Type:
    Multi-Family
    Built:
    1966
    County:
    Area:

    School Information

    Elementary School:
    Middle School:
    High School:

    Description

    TROPHY PROPERTY! 100% leased 12-unit apartment building in a well-located part of Makiki. Excellent cash flow opportunity which is turnkey for an investor. The property underwent a major renovation in 2020 in all 12 units with luxury finishes including new quartz countertops, cabinets, vanities, lights, ceiling fans, LVT flooring, interior paint, tiled showers (2 units were already tiled so were not redone), 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. LARGE units - approx. 600 sf for 1br and 806 sf for 2br. All units separately metered for both gas and electricity which tenants pay direct.

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    © 2021 HiCentral MLS, Ltd. All rights reserved.
    Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

    IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Honolulu.

    Licensed in the State of Hawaii, USA.
    www.realtyinhawaii.com/homes/111402561
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    1662 Lewalani Drive Honolulu, HI 96822

    • Price: $4,695,000
    • Status: Active
    • Updated: 31 min ago
    • MLS #: 202027994
    0
    Beds
    0
    Baths
    0
    ½ Baths
    0.2
    Acres
    7,524
    SQFT
    $624
    $/SQFT
    1966
    Built
    Neighborhood:
    Makiki
    County:
    Oahu
    Area:
    Metro
    Elementary School:
    Lincoln
    Middle School:
    Roosevelt
    High School:
    Stevenson
    Property Description
    TROPHY PROPERTY! 100% leased 12-unit apartment building in a well-located part of Makiki. Excellent cash flow opportunity which is turnkey for an investor. The property underwent a major renovation in 2020 in all 12 units with luxury finishes including new quartz countertops, cabinets, vanities, lights, ceiling fans, LVT flooring, interior paint, tiled showers (2 units were already tiled so were not redone), 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. LARGE units - approx. 600 sf for 1br and 806 sf for 2br. All units separately metered for both gas and electricity which tenants pay direct.
    Exterior Features

    Construction Materials Hollow Tile Location Inside Lot Description ClearOther Other Parking None Parking Assigned Parking Total 10 Property Frontage Other Roof Other Stories Three Topography Gentle SlopeLevel View None

    Interior Features

    Elevators 0 Furnished Partial Laundry DryerIndividualWasher Remodeled Year 2020 Sq Ft Building 7524

    Property Features

    1 Bed Units 6 2 Bed Units 6 3 Or More Bed Units 0 Amenities Secured Lobby Annual Expenses 61894.00 Assessed Value Improvements 541500.00 Assessed Value Land 1615000.00 Assessed Value Total 2156500.00 Building Type Apartments Disclosures Licensed OwnerListor Owner Documents Building PlansLease DocumentsOtherP&LSurvey Easements Sewer Expenses Include Excise TaxInsuranceMgmt FeeOtherProperty TaxRepair MaintenanceSewer Fee Flood Zone Zone X Foreclosure YN No Land Recorded Land Court Land Tenure Fs - Fee Simple Listing Financing CashConventionalExchange Management Company Standard Management Llc Net Operating Income 204485.00 Other Income 0.00 Possession At Closing Property Condition Excellent Recreation Facilities None Set Backs C&C Sewer Connected Special Sale Conditions None Studio Units 0 Tax Amount 629.00 Tax Paid By Seller No Tax Year 2020 Tenant Pays Cable TvElectricityGasOther Total Actual Rent 22298.25 Total Income 22298.25 Utilities Available CableGasInternetOverhead ElectricityWater Utilities Meters ElectricGasIndividual Zoning 12 - A-2 Medium Density Apartme

    Listings provided courtesy of Standard Management Llc.
    Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2021-01-15T17:58:53.84. Information is deemed reliable but not guaranteed. Copyright: 2021 by HiCentral MLS, Ltd.


    © 2021 HiCentral MLS, Ltd. All rights reserved.
    Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

    IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Keller Williams Honolulu.

    Licensed in the State of Hawaii, USA.
     
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    Honolulu HI, 96814