Skip To Content

1662 Lewalani Drive

Honolulu, HI 96822
  • $4,150,000
  • STATUS: Closed
  • ON SITE: 366 Days
  • MLS #: 202311027
Sold - 11/20/2023
$4,150,000
SOLD - 11/20/2023
  • 0
    BEDS
  • 0.2
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 7,524
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1966
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

100% leased 12-unit apartment building in a well-located part of Makiki. Excellent stabilized cash flowopportunity which is turnkey for an investor. The property underwent a major renovation in 2020 including newquartz countertops, cabinets, vanities, lights, ceiling fans, LVT flooring, interior paint, tiled showers*, stainlesssteel microwaves and gas ranges/ovens, washer dryers, and low flow water fixtures. In addition, the drivewayand parking lot was repaved with new asphalt and concrete in some areas, as well as updated landscaping to theproperty. Roof re-coated and resealed in 2022! INVESTMENT HIGHLIGHTS- Renovated units with luxury finishes- Excellent unit mix- CMU construction- Large Units- Electricity & Gas are separately metered- All units have their own washer/dryer- 10 on-site parking spaces- In-place 4.9% CAP rate

Monthly Payment Calculator



© 2024 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Compass.

Licensed in the State of Hawaii, USA.
www.barneshawaii.com/homes/139657577
Print Image

1662 Lewalani Drive Honolulu, HI 96822

  • Price: $4,390,000
  • Status: Closed
  • On Site: 366 Days
  • Updated: 86 min ago
  • MLS #: 202311027
0
Beds
0
Baths
0
½ Baths
0.2
Acres
7,524
SQFT
$0
$/SQFT
1966
Built
Neighborhood:
Makiki
County:
Oahu
Area:
Metro
Elementary School:
Lincoln
Middle School:
Roosevelt
High School:
Stevenson
Property Description
100% leased 12-unit apartment building in a well-located part of Makiki. Excellent stabilized cash flowopportunity which is turnkey for an investor. The property underwent a major renovation in 2020 including newquartz countertops, cabinets, vanities, lights, ceiling fans, LVT flooring, interior paint, tiled showers*, stainlesssteel microwaves and gas ranges/ovens, washer dryers, and low flow water fixtures. In addition, the drivewayand parking lot was repaved with new asphalt and concrete in some areas, as well as updated landscaping to theproperty. Roof re-coated and resealed in 2022! INVESTMENT HIGHLIGHTS- Renovated units with luxury finishes- Excellent unit mix- CMU construction- Large Units- Electricity & Gas are separately metered- All units have their own washer/dryer- 10 on-site parking spaces- In-place 4.9% CAP rate
Exterior Features

Construction Materials Hollow Tile Location Inside Lot Description ClearOther Other Parking None Parking Assigned Parking Total 10 Roof Composition Stories Three Topography Gentle SlopeLevel View None

Interior Features

Elevators 0 Laundry DryerIndividualWasher Remodeled Year 2002 Sq Ft Building 7524

Property Features

1 Bed Units 6 2 Bed Units 6 3 Or More Bed Units 0 Amenities Secured Lobby Annual Expenses 70628.00 Assessed Value Improvements 849400.00 Assessed Value Land 1790600.00 Assessed Value Total 2640000.00 Building Type Apartments Disclosures Licensed OwnerListor Owner Documents Building PlansLease DocumentsOtherP&LSurvey Easements Sewer Expenses Include Excise TaxInsuranceMgmt FeeOtherProperty TaxRepair MaintenanceSewer Fee Flood Zone Zone X Foreclosure YN No Land Recorded Land Court Land Tenure FS - Fee Simple Listing Financing CashConventionalExchange Management Company Standard Management Net Operating Income 214912.00 Other Income 2700.00 Possession At Closing Property Condition Above Average Recreation Facilities None Set Backs C&C Sewer Connected Special Sale Conditions None Studio Units 0 Tax Amount 744.36 Tax Annual Amount 8932.32 Tax Paid By Seller No Tax Year 2023 Tenant Pays Cable TVElectricityGasOther Total Actual Rent 23670.00 Total Income 285540.00 Utilities Available CableGasInternetOverhead ElectricityWater Utilities Meters ElectricGasIndividual Zoning 12 - A-2 Medium Density Apartme

Listings provided courtesy of Standard Management LLC: (808) 208-8107.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2024-05-18T04:02:21.56. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd.


© 2024 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Compass.

Licensed in the State of Hawaii, USA.
 
Logo
Compass
1586 Mokulua Dr.
Kailua HI, 96734