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 but 1 unit has been renovated, and all covered parking spaces--all units 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.

Construction Materials Hollow Tile Location Inside Lot Description Clear Other Parking None Parking Assigned Parking Total 5 Property Frontage Other Roof Custom/Specialty Stories Three Topography Level View City

Elevators 0 Furnished Partial Laundry CoinDryerLeased EquipmentWasher Remodeled Year 2022 Sq Ft Building 7300

1 Bed Units 4 2 Bed Units 9 3 Or More Bed Units 0 Amenities None Annual Expenses 49220.00 Assessed Value Improvements 407500.00 Assessed Value Land 1969900.00 Assessed Value Total 2377400.00 Building Type ApartmentsMulti Dwellings Disclosures 1031 ExchangeLicensed OwnerPet On Property Documents Lease DocumentsP&LSurveyTitle Search Easements None Expenses Include Excise TaxInsuranceOtherProperty TaxRepair MaintenanceSewer Fee Flood Zone Zone X Foreclosure YN No Land Recorded Regular System Land Tenure Fs - Fee Simple Listing Financing CashConventionalExchange Management Company Self Managed Net Operating Income 218566.00 Other Income 3300.00 Possession At ClosingSubject To Tenancy Property Condition Excellent Recreation Facilities None Set Backs None Sewer Connected Special Sale Conditions None Studio Units 0 Tax Amount 693.41 Tax Annual Amount 8320.92 Tax Paid By Seller No Tax Year 2023 Tenant Pays Cable TvElectricityGasOtherParkingWater Total Actual Rent 28351.00 Total Income 267786.00 Utilities Available CableGasInternetOverhead ElectricityPublic WaterSewer FeeTelephoneWater Utilities Meters ElectricGasIndividualWater Zoning X2 - Apartment Precinct

Listings provided courtesy of Commercial Inv. Strategies: (808) 429-1098.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2023-12-11T08:58:37.723. Information is deemed reliable but not guaranteed. Copyright: 2023 by HiCentral MLS, Ltd.

© 2023 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.

287 Wai Nani Way

Description

School Ratings & Info

Description

Monthly Payment Calculator

287 Wai Nani Way Honolulu, HI 96815

Property Description

Construction Materials	Hollow Tile
Location	Inside
Lot Description	Clear
Other Parking	None
Parking	Assigned
Parking Total	5
Property Frontage	Other
Roof	Custom/Specialty
Stories	Three
Topography	Level
View	City

Elevators	0
Furnished	Partial
Laundry	Coin Dryer Leased Equipment Washer
Remodeled Year	2022
Sq Ft Building	7300

1 Bed Units	4
2 Bed Units	9
3 Or More Bed Units	0
Amenities	None
Annual Expenses	49220.00
Assessed Value Improvements	407500.00
Assessed Value Land	1969900.00
Assessed Value Total	2377400.00
Building Type	Apartments Multi Dwellings
Disclosures	1031 Exchange Licensed Owner Pet On Property
Documents	Lease Documents P&L Survey Title Search
Easements	None
Expenses Include	Excise Tax Insurance Other Property Tax Repair Maintenance Sewer Fee
Flood Zone	Zone X
Foreclosure YN	No
Land Recorded	Regular System
Land Tenure	Fs - Fee Simple
Listing Financing	Cash Conventional Exchange
Management Company	Self Managed
Net Operating Income	218566.00
Other Income	3300.00
Possession	At Closing Subject To Tenancy
Property Condition	Excellent
Recreation Facilities	None
Set Backs	None
Sewer	Connected
Special Sale Conditions	None
Studio Units	0
Tax Amount	693.41
Tax Annual Amount	8320.92
Tax Paid By Seller	No
Tax Year	2023
Tenant Pays	Cable Tv Electricity Gas Other Parking Water
Total Actual Rent	28351.00
Total Income	267786.00
Utilities Available	Cable Gas Internet Overhead Electricity Public Water Sewer Fee Telephone Water
Utilities Meters	Electric Gas Individual Water
Zoning	X2 - Apartment Precinct