287 Wai Nani Way

287 Wai Nani Way, Honolulu, HI

$5,150,000

Price

5.73%

Cap Rate

$294,887

NOI

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Overview
Cap Rate
5.73%
NOI
$294,887
Building Size
7,300 sqft
Lot Area
5,760 sqft
Occupancy
100%
Class
B
Units
13
Average Room Size
561 sqft
Year Built
1963
Zoning
U/X2/12
Floors
3
Parking Spots
5
Year Last Renovated
2022
Roof
Custom/Specialty
CeilingHeight
220
Description

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.

Highlights
  • Total Units: 13
  • 1 Bedroom Units: 4
  • 2 Bedroom Units: 9
  • Parking Stalls: 5
  • Zoning: U/X2/12
  • Year Built: 1963
  • Year Remodeled: 2022
  • Land SQFT: 5,760
  • Building SQFT: 7,300
Documents
Title
CIS_Standard_Addendum.pdf
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Location
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