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$4,500,000

  • Sold
  • Closed
  • Multi-Family
  • Waikiki
  • Fee Simple
See This Home
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Beautiful Building, Excellent Rents! Three story concrete apartment building blocks from Waikiki Beach and Kapiolani Park located on a non-through street = lower non-resident traffic and a more residential neighborhood with access to all Waikiki has to offer. All interiors have been upgraded-some in the past few years, but all by the previous owner, and the exterior is well-maintained, resulting in excellent rental rates. All units have exterior space making them much more desirable than other units on the market. Separately metered for electric, tenants pay electric AND water, which is charged back to them through RUBS. Coin laundry leased through WASH and expires 6/23. 2 covered stalls, 3 stalls in front.

Full Property Details for 287 Wai Nani Way

General

  • Sold For: $4,500,000
  • Taxes: $8,016 (2022)
  • Status: Closed
  • Type: Multi-Family
  • Source: Honolulu_Board_Of_Realtors
  • MLS ID: 202300739
  • Added to Site: 1, 138 day(s) ago

Interior

  • Furnishings: Partial

Rooms

Other Rooms

  • Laundry: Coin, Dryer, Leased Equipment, Washer

Additional Information

  • Amenities: Resident Manager
  • Recreation: None

Parking

  • Parking Features: Assigned
  • Parking Type: Assigned
  • Other Parking Type: None

Location

  • Area: Metro
  • County: Oahu
  • Neighborhood: WAIKIKI

Community

  • Mgmt. Company: Cirrus Asset Management

Utilities

  • Sewer: Connected
  • Utility Description: Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
  • Metering: Electric, Individual, Water

Structural Information

  • Description/Design: Multi-Family
  • Exterior Const.: Hollow Tile
  • Roof: Custom/Specialty
  • Stories/Levels: 3
  • Stories Description: Three
  • Square Feet: 7,300
  • Year Built: 1963
  • Remodeled/Updated: 2022
  • Property Condition: Excellent

Unit Information

  • 1 Bedroom Units: 4
  • 2 Bedroom Units: 9

Lot Features

  • Property View: None
  • Lot Size (Sq. Ft.): 5,760
  • Topography: Level
  • Lot Features: Clear
  • Zoning: X2 - Apartment Precinct
  • Lot Description: Clear

Financial Considerations

  • Expenses: Excise Tax, Insurance, Mgmt Fee, Other, Property Tax, Repair Maintenance, Sewer Fee
  • Operating Expenses: $64,179
  • Tax Amount: $8,016
  • Tax Year: 2022
  • Terms: Cash, Conventional, Exchange
  • Tenant Pays: Cable TV, Electricity, Gas, Other, Parking, Water

Disclosures and Reports

  • Ownership: FS - Fee Simple
  • Special Conditions: None
  • Documents Avail.: Lease Documents, P&L, Title Search
  • Land Tenure: Fee Simple
  • Flood Zone: Zone X
  • Disclosures/Reports: 1031 Exchange
  • Property ID: 1-2-6-028-043-0000

Listed by Commercial Inv. Strategies
Sold by Non-MLS

Listing agent

— 287 Wai Nani Way —

  • Commercial Inv. Strategies

(808) 429-1098

Get Pre-Approved Today

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Be ready to buy your new home!

with our affiliated lender
NMLS#: 1598647

Get Pre-Approved

Schools serving 287 Wai Nani Way

School District:Hawaii Department of Education
NameGradesDistance
President Thomas Jefferson Elementary School
324 Kapahulu Avenue, Honolulu, HI 96815
PK-50.1 mi
President George Washington Middle School
1633 South King Street, Honolulu, HI 96826
6-81.8 mi
Kaimuki High School
2705 Kaimuki Avenue, Honolulu, HI 96816
9-120.8 mi
Disclaimer: School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.

Price & Sales History for 287 Wai Nani Way

Date
Details
Price
Change
Source
6/01/2023
Sold
$4,500,000
-9.09%
MLS
1/12/2023
Listed
$4,950,000
—
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.

Listed by Commercial Inv. Strategies
Sold by Non-MLS

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287 Wai Nani Way, Honolulu, HI 96815 (MLS# 202300739) is a Multi-Family property that was sold at $4,500,000 on June 01, 2023. Want to learn more about 287 Wai Nani Way? Do you have questions about finding other Multi-Family real estate for sale in Waikiki? You can browse all Waikiki real estate or contact a Coldwell Banker agent to request more information.