237 Ohai Wahiawa HI 96786 · Neighborhood: Wahiawa Area · Region: Central · MLS: 1100606 · TMK: 1-7-3-001-035-0000 & History 

Show all 10 photos. Updated 1/25/2011 3:58:01 PM
Expired. It was offered at $4,165,000 FS
Location
Type: Multi Family Home
Region: Central
Neigh: Wahiawa Area
237 Ohai
Wahiawa HI 96786
Area
Building sf:22,143
Land sf:45,027
Land acres:1.034
Other
Parking:43
Built:1960
Remodeled:
Furnished:
Elevators:0
Rooms
Studios:0
1 Bedroom Units:10
2 Bedroom Units:33
3 Bedroom Units:0
Com space:0
Total Units:43
Financials
Rental Income:524,640
Expenses:(157,200)
Net Operating Income:277,764
Other Income:3,337
Total Income:527,977
Remarks
Seller:6 Parcels total land area over 1 acre. Income/expenses are actual. 7.9 GRM. Cap rate 6.7%. Proforma Cap 9%. Potential development with super income. New owner can control the neighborhood. Some minor deferred maintenance sold as-is. Great potential rental growth with unit and building improvements - Walgreens planning on store within 100 yds. Not a better deal on islands.
Property Features
Amenities
None

Building Type
Apartments

Condition
Average

Construction
Hollow Tile
Masonry/Stucco
Wood Frame

Disclosures
1031 Exchange
Call Listor
Leased Equipment
Pet on Property

Documents
Lease Documents
Other
P&L

Easements
Other

Expense Income
Excise Tax
Insurance
Mgmt Fee
Property Tax
Repair Maintenance
Sewer Fee
Fee

Frontage
Lake/Pond

Furnished
Partial

Land Recorded
Land Court

Laundry
Coin
Leased Equipment
Other

Land Tenure
FS - Fee Simple

Lessee Pays
Cable TV
Electricity
Gas

Listing Broker
Akamai Rental Management

Location
Lot Description
Other

Meters
Electric
Gas
Water

Parking Guest
None

Parking Tenant
Assigned
Possession
Subject To Tenancy

Recreation Facility
None

Roof
Other
Pitch & Gravel

Sale Conditions

Set Backs
Of Record
Sewer
Connected

Stories
Two

Terms Offered
Cash
Conventional

Terms Sold

Topography
Gentle Slope

Utilities

View
Other

Zoning
More Information
Contact listProp Mgt
Management Company:Akamai Rental
Management Company Phone:(866) 802-6568
 
About LeaseholdLease Info
Lessor:
Renegotiation:
Lease expires:
Compare Fee Simple to Leasehold to Rent
 
Sample LH DisclosureRent per monththrough
Current:00
Step 1:00
Rates Real Property Tax
Tax year: 2010Assessed
Land2,941,100
Improvement1,231,300
Exemption0
Total4,172,400
Monthly Tax13,247
107 Days on MarketKey DatesPricing
Year Built:1960
Original List:4,165,000 FS
Listed:1/15/20114,165,000 FS
Advertise:
Auction:
Price change:
Temp off Market:
Off Market:6/2/2011
Temp withdrawn:
Withdrawn:
Back on Market:5/2/2011
Status change:1/15/2012
Last Modified:1/15/2012
Contingency:5/2/2011
Pending:5/2/2011
Conditional:
Sold:0 FS
Concessions:(0)  
Net SP:0 FS
Representation, Questions & Additional Information
If you are already working with an agent, please contact them directly for more information on this Multi Family Home listing.
If you would like to work with a pro, contact:
Robin Glass, (R), PB, MBA
Hawaii Home + Commercial LLC
☎ 808-358-1774
glassr@hawaiihome.cc

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