287 Wai Nani Way
287 Wai Nani Way
Honolulu, HI 96815
$5,150,000
Price
22
Beds
7,300 Sq. Ft.
$705 / Sq. Ft.
7,300
Sq. Ft.
$705
per Sq. Ft.
Description
Trophy Property located on a non-through street blocks from famous Waikiki Beach, this beautiful building is a quiet neighborhood oasis. All units have nice lanai/balcony space for tradewind breezes and lots of natural light. New paint and brand new roof with warranty means excellent income and fantastic return! All units have been renovated, and all parking is covered. 100% occupied at market rents, so easy to 'plug and play' with your own management team. Tenants pay separately metered electricity,...Trophy Property located on a non-through street blocks from famous Waikiki Beach, this beautiful building is a quiet neighborhood oasis. All units have nice lanai/balcony space for tradewind breezes and lots of natural light. New paint and brand new roof with warranty means excellent income and fantastic return! All units have been renovated, and all parking is covered. 100% occupied at market rents, so easy to 'plug and play' with your own management team. Tenants pay separately metered electricity, AND water, so your monthly expenses are WAY lower than normal. Nice, covered laundry area w machines leased by WASH; agreement expires 6/2024.
- Listed by Christina L Dwight • License #RB-20978 • Commercial Inv. Strategies • (808) 429-1098
Property Details for 287 Wai Nani Way
View
City
ZoningX2 - Apartment Precinct
NeighbourhoodWAIKIKI
Flood ZoneZone X
Stories/LevelsThree
Land TenureFS - Fee Simple
Location
Listing Courtesy of Commercial Inv. Strategies, Christina L Dwight, License #RB-20978
Add your commute
LISTING UPDATED: 03/18/2024 03:48 PM
Property Details for 287 Wai Nani Way
| Status | Active |
|---|---|
| MLS # | 202324400 |
| Days on Market | 195 |
| Taxes | $693 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1963 |
| Lot Size | 0.13 AC / 5,760 SF |
| County | Honolulu County |
Location
Listing Courtesy of Commercial Inv. Strategies, Christina L Dwight, License #RB-20978
Add your commute
Building Information for 287 Wai Nani Way
Stories-Residences13Year Built1963Building Size-Lot Size0.13 AC / 5,760 SF
Payment Calculator
$28,799 per month
30 year fixed, 7.25% Interest
Principal and Interest
$28,106
Property Taxes
$693
HOA Dues
$0
The Payment Calculator is for illustrative purposes only.
Property Information for 287 Wai Nani Way
Summary
Location and General Information
- Topography: Level
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
- Location: Inside
Taxes and HOA Information
- Tax Amount: $693.41
- Tax Assessed Value: $3,116,400.00
- Tax Assessed Value Improvements: $908,900.00
- Tax Assessed Value Land: $2,207,500.00
- Tax Paid By Seller: No
- Tax Year: 2024
- Parcel Number: 1-2-6-028-043-0000
- HOA YN: No
Parking
- Parking Features: Assigned
- Parking Total: 5
- Other Parking Features: None
Property
Lot Information
- Property Frontage: Other
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- SQFT Building: 7300.0
- Sqft Total: 7300.0
- Land Recorded: Regular System
- Lot Features: Clear
- Lot Size Area: 5760.0
- Year Built: 1963
- Year Remodeled: 2022
- Building Type: Apartments, Multi Dwellings
Property and Assessments
- Documents: Lease Documents, P&L, Survey, Title Search
- Photo Count: 25
- Property Condition: Excellent
- Special Listing Conditions: None
- Disclosures: 1031 Exchange, Licensed Owner, Pet on Property
- Foreclosure: No
- Set Backs: None
- Supplement Count: 1
- TMK Area: 126
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 43
- TMKPLAT: 28
- TMK Section: 6
- TMK Zone: 2
Utilities
- Utilities: Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
- Sewer: Connected
- Utilities Meters: Electric, Gas, Individual, Water
Interior and Exterior Features
Exterior Features
- Amenities: None
- Construction Materials: Hollow Tile
- Easements: None
- Elevators Number Of: 0
- Recreation Facilities: None
- Roof: Custom/Specialty
Interior Features
- Furnished: Partial
- Laundry Facilities: Coin, Dryer, Leased Equipment, Washer
Multi Family
Multi-Family Information
- Commercial Spaces Number Of: 0
- Studio Units Number Of: 0
- Unit One Number Of Bed: 4
- Unit Three Number Of Bed: 0
- Unit Two Number Of Bed: 9
- Number Of Units Total: 13
Income & Expenses
- Total Annual Operating Expenses: $48,625.00
- Total Income: $343,512.00
- Expenses Include: Excise Tax, Insurance, Other, Property Tax, Repair Maintenance, Sewer Fee
- Net Operating Income: $294,887.00
- Other Income: $3,300.00
Agent
Sale and Listing
- DOM: 146
- Listing Service: Full Service
- Management Company Name: Self Managed
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: Trophy Property located on a non-through street blocks from famous Waikiki Beach, this beautiful building is a quiet neighborhood oasis. All units have nice lanai/balcony space for tradewind breezes and lots of natural light. New paint and brand new roof with warranty means excellent income and fantastic return! All units have been renovated, and all parking is covered. 100% occupied at market rents, so easy to 'plug and play' with your own management team. Tenants pay separately metered electricity, AND water, so your monthly expenses are WAY lower than normal. Nice, covered laundry area w machines leased by WASH; agreement expires 6/2024.
- Possession: At Closing, Subject To Tenancy
Showing and Remarks
- Showing Instructions: Two Day Notice Reqd, Appointment Only, Listor Must Be Present
Rental
Rent Information
- Tenants Responsibilities Include: Cable TV, Electricity, Gas, Other, Parking, Water
- Total Actual Rent: $28,351.00
Property History for 287 Wai Nani Way
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 287 Wai Nani Way
Taxable ValueLand$1,969,900Additions$407,500Total$2,377,400
Tax Record2022$8,022 ($668 / month)
Home Facts
Total Finished SqFt7,300 SqFtAbove Grade Finished SqFt7,300 SqFtStories3Lot Size5,760 SqFtStyleMulti-Family Res (5+ Units)Year Built1963ZoningAPT. PRECICountyHONOLULUAPN1-2-6-028-043
Schools near 287 Wai Nani Way
This home is within Hawaii Department Of Education.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 6 |
Rating | School | Distance |
|---|---|---|
President Thomas Jefferson Elementary School PublicPK to 5 | ||
President George Washington Middle School Public6 to 8 | ||
Kaimuki High School Public9 to 12 | ||
Queen Lydia Liliuokalani Elementary School PublicPK to 6 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Commercial Inv. Strategies, Christina L Dwight, License #RB-20978