304 Ohai Wahiawa HI 96786 · Neighborhood: Wahiawa Area · Region: Central · MLS: 2905901 · TMK: 1-7-3-001-040-0000 & History 

Show all 9 photos. Updated 6/11/2009 4:10:09 PM
Inactive. Last Sold for 1,310,000 FS on 12/23/2009
Location
Type: Multi Family Home
Region: Central
Neigh: Wahiawa Area
304 Ohai
Wahiawa HI 96786
Area
Building sf:7,422
Land sf:10,055
Land acres:0.231
Other
Parking:14
Built:1965
Remodeled:
Furnished:
Elevators:0
Rooms
Studios:0
1 Bedroom Units:2
2 Bedroom Units:12
3 Bedroom Units:0
Com space:0
Total Units:14
Financials
Rental Income:184,139
Expenses:(54,654)
Net Operating Income:129,485
Other Income:0
Total Income:184,139
Remarks
Seller:$100k per door, 7.39 Gross Rent Multiplier. Solid rent roll and on-site mgr. Pleasing green lush views-high demand units from tenants. Minutes from military bases and walking distance to shopping and restaurants. Super opportunity for cash flow investor with huge future lakefront potential. Great Cap rate. One of the best cash flow opportunities in the State.Buyer:
Property Features
Amenities
Resident Manager

Building Type
Apartments

Condition
Above Average

Construction
Concrete
Hollow Tile

Disclosures
1031 Exchange
Non Resident Owner

Documents
Lease Documents
P&L

Easements
Other

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

Frontage
Lake/Pond

Furnished
Partial

Land Recorded
Land Court

Laundry
Coin
Individual
Leased Equipment

Land Tenure
FS - Fee Simple

Lessee Pays
Cable TV
Electricity

Listing Broker
CENTURY 21 Kailua Beach

Location
Lot Description
Other

Meters
Electric
Individual
Other
Water

Parking Guest
None

Parking Tenant
Assigned
Possession
Subject To Tenancy

Recreation Facility
None

Roof
Other

Sale Conditions

Set Backs
CandC
Sewer
Connected

Stories
Three

Terms Offered
Cash
Conventional
Exchange

Terms Sold
Conventional

Topography
Gentle Slope

Utilities

View
Other

Zoning
More Information
Contact listProp Mgt
Management Company:call listor
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: 2008Assessed
Land675,800
Improvement534,800
Exemption0
Total1,210,600
Monthly Tax3,983
114 Days on MarketKey DatesPricing
Year Built:1965
Original List:1,400,000 FS
Listed:4/28/20091,400,000 FS
Advertise:
Auction:
Price change:
Temp off Market:
Off Market:12/23/2009
Temp withdrawn:
Withdrawn:
Back on Market:8/20/2009
Status change:12/24/2009
Last Modified:12/24/2009
Contingency:8/20/2009
Pending:8/20/2009
Conditional:
Sold:12/23/20091,310,000 FS
Concessions:(0)  
Net SP:1,310,000 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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