Waialua, Hawaii Apartment House For Sale
$1,195,000 Investors Dream
This is an extremely desirable property. It is in great shape and has a good cash flow. This property is so close to the beach you can almost throw a baseball and hit the water. The seller has had it for many years and has fully depreciated it out.
The property is being managed by the owner including the landscaping. That is the reason his expenses appear so low.
Features of the Property:
- Above Average Condition
- Unique North Shore Apartment House
- 1-Block to the Beach
- Great Cash Flow
- Vaulted Ceilings in the Four 2 Bedroom Units
- Freshly Painted Exterior
- Upgraded Septic System
Specs of the Property
Honolulu Board of Realtors - MLS No. 2704065
65-085 Akule St. - Waialua, HI 96791
- 4 x 2Bed / 1 Bath, 3 x studio/1bath efficiencies
- Land Area 7587 sq/ft.
- Living Area 2560 sq/ft in tax records, actual is larger
- Annual Rental Income: $82,160
- Annual Expenses: $4240 (Water, electric, insurance & excise tax)
- 2006 Annual Property Tax: $2341
- 5 - Parking Stalls plus street parking
- Built 1967, Partially Remodeled in 2005
- Exterior painted in 2007
- Does Not Match Tax Records, Sold "As Is"
- Make all Offers Subject to Inspection
- (Please Do Not Disturb Tenants)
A flyer for the property can be downloaded from my webpage: www.HawaiiRandy.com
I will be glad to e-mail additional information. I have more photos. I am limited on interior shots. I should have more of them over the next couple of days as I can make the appointments with the tenants. I will be posting a virtual tour at that time. This property is expected to move fast.