Bought with eXp Realty
$1,105,000
$995,000
11.1%For more information regarding the value of a property, please contact us for a free consultation.
8 Beds
4 Baths
2,696 SqFt
SOLD DATE : 05/10/2023
Key Details
Sold Price $1,105,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 2,696 sqft
Price per Sqft $409
Subdivision Waimalu
MLS Listing ID 202306615
Sold Date 05/10/23
Style Multiplex
Bedrooms 8
Full Baths 4
Construction Status Average Condition
Year Built 1959
Annual Tax Amount $3,408
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.
Location
State HI
County Oahu
Area Pearlcity
Interior
Flooring Carpet, Laminate, Vinyl
Fireplace No
Exterior
Parking Features Carport, Three or more Spaces
Pool None
Utilities Available Water Available
View Y/N Yes
View Ocean
Total Parking Spaces 4
Building
Lot Description Cleared, Interior Lot, Level
Entry Level Two
Foundation Slab
Architectural Style Multiplex
Level or Stories Two
New Construction No
Construction Status Average Condition
Others
Tax ID 1-9-8-021-018-0000
Financing Conventional
Special Listing Condition None
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