1662 Lewalani Drive, Honolulu, HI 96822
- $4,150,000
- Sold Price
- $4,150,000
- List Price
- $4,390,000
- Status
- SOLD
- Type
- Multifamily
- MLS#
- 202311027
- Days on Market
- 75
- Closing Date
- Nov 20, 2023
- Land Area
- 8,736
- Year Built
- 1966
- Year Remodeled
- 2002
- Neighborhood
- Makiki
- Land Tenure
- FS - Fee Simple
Property Description
100% leased 12-unit apartment building in a well-located part of Makiki. Excellent stabilized cash flow opportunity which is turnkey for an investor. The property underwent a major renovation in 2020 including new quartz countertops, cabinets, vanities, lights, ceiling fans, LVT flooring, interior paint, tiled showers*, stainless steel microwaves and gas ranges/ovens, washer dryers, and low flow water fixtures. In addition, the driveway and parking lot was repaved with new asphalt and concrete in some areas, as well as updated landscaping to the property. 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
Additional Information
- Island
- Oahu
- Stories Type
- Three
- Utilities
- Cable, Gas, Internet, Overhead Electricity, Water
- View
- None
- Easements
- Sewer
- Parking Total
- 10
- Tenants Responsibilities Include
- Cable TV, Electricity, Gas, Other
- Sqft Building
- 7524
- Elementary School
- Lincoln
- Middle School
- Stevenson
- High School
- Roosevelt
- Lot Size
- 8,736
- Unit One Bed Number Of
- 6
- Construction Materials
- Hollow Tile
- Mls Area Major
- Metro
- Neighborhood
- Makiki
- Year Built
- 1966
- Year Remodeled
- 2002
- Tax Amount
- $744
- Total Income
- 285540
- Sewer
- Connected
- Unit Two Bed Number Of
- 6
- Roof
- Composition
- Recreation Facilities
- None
- Parking Features
- Assigned
- Lot Features
- Clear, Other
- Amenities
- Secured Lobby
- Total Annual Operating Expenses
- 70628
- Assessed Total
- 2640000
- Assessed Improvement
- 849400
- Assessed Land
- 1790600
- Zoning
- 12 - A-2 Medium Density Apartme
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Listing courtesy of Standard Management LLC. Selling Office: Non-MLS.
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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