MLS #

202306615

Sold Price

$1,105,000

List Price

$995,000

Days on Market

17

Closing Date

May 10, 2023

Status

SOLD

Type

Single Family Residential

Bedrooms

8

Full Baths

4

Living Area

2,696

Sq Ft Total

2696

Land Area

5,000

Land Tenure

FS - Fee Simple

Neighborhood

Waimalu

Property Description

Amazing Investment Opportunity! Fully Rented, turn-key 4 Plex, excellent CAP rate w/room to increase revenue. This 2 story multi unit, CMU base building consists of [4] 2 bedroom/1 bathroom units (2-upstairs, 2-downstairs) with separate electric meters/water heaters, individual washer hook ups and 4 covered parking stalls. This is an area renters are actively seeking. Conveniently located in desirable Aiea near Blaisdell Park and its populated bike path filled with daily visitors. This rare find offers Pearl Harbor views, easy access to freeways, shopping, dining and activities. The seasoned, long term tenants would love to stay and are ready to write their checks directly to you. Total monthly rent is $4705, calculated to over 4% Capitalization rate. There's room to grow the return as current rents for similar sized units (658 SF) are going for more. Building is easy to manage, low maintenance with one water meter. Where else can you find a ready to go, cash flowing, investors Paradise? Act quickly, deals like this don't last long. Property is being sold strictly As-Is, Sellers will not make any repairs or credits. Please do not disturb the tenants.

Additional Information

Island

Oahu

Tax Exemption Owner Occupancy

$0

Stories Type

Two

Utilities

Water

View

Ocean

Easements

Drainage

Parking Total

4

Lot Size

5,000

Construction Materials

Above Ground, Brick, Concrete, Single Wall, Slab

Pool Features

None

Mls Area Major

PearlCity

Neighborhood

Waimalu

Year Built

1959

Tax Amount

$284

Inclusions

Ceiling Fan, Range/Oven, Refrigerator, Water Heater

Roof

Asphalt Shingle

Parking Features

3 Car+, Carport

Lot Features

Clear

Style

Multiple Dwellings

Assessed Total

974600

Assessed Improvement

80600

Assessed Land

894000

Zoning

05 - R-5 Residential District