94820 Awanei Waipahu HI 96797 · Neighborhood: Waipahu-Lower · Region: Waipahu · MLS: 2606566 · TMK: 1-9-4-020-034-0000 & History 

Show all 1 photos. Updated 6/29/2006 3:03:27 PM
Inactive. Last Sold for 3,900,000 FS on 11/21/2006
Location
Type: Multi Family Home
Region: Waipahu
Neigh: Waipahu-Lower
94820 Awanei
Waipahu HI 96797
Area
Building sf:24,000
Land sf:45,738
Land acres:1.050
Other
Parking:40
Built:1962
Remodeled:
Furnished:
Elevators:0
Rooms
Studios:0
1 Bedroom Units:0
2 Bedroom Units:40
3 Bedroom Units:0
Com space:0
Total Units:40
Financials
Rental Income:453,000
Expenses:(175,000)
Net Operating Income:290,000
Other Income:12,000
Total Income:465,000
Remarks
Seller:Note the up-dated income data! Now priced at only 8.6 times current gross income! The best cash flow deal on Oahu, and still with more up-side! One acre of land and a beautiful, garden-style apartment complex. Approximately 30 of the 40 units have been remodelled with new kitchens, baths, etc. Current market rents are $1100/month. Bringing them all to this level gives an 8.5 CAP!Buyer:
Property Features
Amenities
None

Building Type
Apartments

Condition
Above Average

Construction
Hollow Tile
Wood Frame

Disclosures
None

Documents

Easements
None

Expense Income
Mgmt Fee
Fee

Frontage

Furnished

Land Recorded
Land Court

Laundry
Coin

Land Tenure
FS - Fee Simple

Lessee Pays
Electricity

Listing Broker
Ted Miller

Location
Lot Description

Meters
Electric

Parking Guest
<10 Spaces

Parking Tenant
Open
Possession
Close of Escrow

Recreation Facility
None

Roof
Composition
Pitch & Gravel

Sale Conditions

Set Backs
None
Sewer
Connected

Stories
Two

Terms Offered
Conventional

Terms Sold
Conventional

Topography

Utilities

View
None

Zoning
More Information
Contact listProp Mgt
Management Company:
Management Company Phone:
 
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: 2005Assessed
Land1,360,000
Improvement660,000
Exemption0
Total2,020,000
Monthly Tax75,000
4 Days on MarketKey DatesPricing
Year Built:1962
Original List:3,995,000 FS
Listed:4/3/20063,995,000 FS
Advertise:
Auction:
Price change:
Temp off Market:
Off Market:11/21/2006
Temp withdrawn:
Withdrawn:
Back on Market:4/7/2006
Status change:11/27/2006
Last Modified:7/22/2008
Contingency:4/7/2006
Pending:4/7/2006
Conditional:
Sold:11/21/20063,900,000 FS
Concessions:(0)  
Net SP:3,900,000 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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