287 Wai Nani Way

Address: 287 Wai Nani Way, Honolulu, HI 96815, USA

Apartments

Created date: October 26, 2023

Date last updated: October 26, 2023

• Total Units: 13
1 Bedroom Units: 4
2 Bedroom Units: 9
• Parking Stalls: 5
• Zoning: X-2

• Year Built: 1963
• Year Remodeled: 2022
• Land SQFT: 5,760
• Building SQFT: 7,300

Portfolio 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 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.

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Broker Details

Christina Dwight Christina Dwight

Portfolio Key Information

Listing Status:	Available
Listing Type:	Highest & best offer
Multifamily type:	Apartments
Price:	$ 5,280,000
No. of Units:	13
Cap Rate:	4.14%
Year Built:	1963
Building Size:	7300 Sq ft
Lot Size:	5,760 Sq ft
No. of Stories:	1
Opportunity Zone:	Yes
Price per unit:	$406,154
Portfolio Website	Click Here