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 Concrete Block Floor Number 3 Loading None Parking AssignedOn Site Parking Total 5 Property Frontage Other Roof Other Stories Three

Cooling None Floors Concrete Sq Ft Other 0 Sq Ft Total 7300

Amenities None Annual Expenses 64179.00 Assessed Value Improvements 407500.00 Assessed Value Land 1969900.00 Assessed Value Total 2377400.00 Building Name Na Business Type Condo/Apt Commercial Space No Disclosures Licensed Owner Documents Lease DocumentsP&LSurveyTitle Search Easements None Expenses Source Owner Flood Zone Zone X Foreclosure YN No Income Source Owner Land Recorded Regular System Land Tenure Fs - Fee Simple Lease Type CashExchangeOther Listing Financing Other Management Company Self Managed Net Operating Income 203607.00 Property Condition Excellent Property Type 96815 Sewer Connected Special Sale Conditions None Tax Amount 693.41 Tax Annual Amount 8320.92 Tax Paid By Seller No Tax Year 2023 Tenant Pays ElectricityGasOtherWater Total Actual Rent 23192.00 Total Income 267786.00 Utilities Available GasLight ElectricityOtherSmall Water Meter 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 2023-12-09T09:58:43.81. Information is deemed reliable but not guaranteed. Copyright: 2023 by HiCentral MLS, Ltd.

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287 Wai Nani Way

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287 Wai Nani Way Honolulu, HI 96815

Property Description

Construction Materials	Concrete Block
Floor Number	3
Loading	None
Parking	Assigned On Site
Parking Total	5
Property Frontage	Other
Roof	Other
Stories	Three

Amenities	None
Annual Expenses	64179.00
Assessed Value Improvements	407500.00
Assessed Value Land	1969900.00
Assessed Value Total	2377400.00
Building Name	Na
Business Type	Condo/Apt
Commercial Space	No
Disclosures	Licensed Owner
Documents	Lease Documents P&L Survey Title Search
Easements	None
Expenses Source	Owner
Flood Zone	Zone X
Foreclosure YN	No
Income Source	Owner
Land Recorded	Regular System
Land Tenure	Fs - Fee Simple
Lease Type	Cash Exchange Other
Listing Financing	Other
Management Company	Self Managed
Net Operating Income	203607.00
Property Condition	Excellent
Property Type	96815
Sewer	Connected
Special Sale Conditions	None
Tax Amount	693.41
Tax Annual Amount	8320.92
Tax Paid By Seller	No
Tax Year	2023
Tenant Pays	Electricity Gas Other Water
Total Actual Rent	23192.00
Total Income	267786.00
Utilities Available	Gas Light Electricity Other Small Water Meter
Zoning	X2 - Apartment Precinct