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125 Ohai Street, Wahiawa, HI 96786

$3,800,000

  • For Sale
  • Active
  • Multi-Family
  • Wahiawa Area
  • Fee Simple
125 Ohai Street, Wahiawa, HI 96786View this property at 125 Ohai Street, Wahiawa, HI 96786
125 Ohai StreetWahiawaHI96786
Property Description
Existing cap rate is 5.6% on asking price! At pro forma rents, the cap increases to 6.2%! Where else are you going to find that kind of return on any Hawaii real estate? Turn Key building with all units upgraded and shiny new exterior. Below market rents in a growing market with proximity to Wheeler Air Force Base and Schofield Army base. Close to boutiques, eateries, and directly behind Walgreens and Teddy's Bigger Burger. Plus, world-class surfing on the North Shore of Oahu is just a 20 minute drive away! Huge lot with great parking 60 foot height limit for future development.

Full Property Details for 125 Ohai Street

General

  • Price: $3,800,000
  • Taxes: $258 (2017)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 201725387
  • Updated: 5/29/2018
  • Added: 213 day(s) ago

Interior

  • Furnishings: Partial

Rooms

Other Rooms

  • Laundry: Coin, Dryer, Washer

Additional Information

  • Amenities: Secured Lobby
  • Recreation: None

Parking

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

Location

  • Area: Central
  • County: Oahu
  • Neighborhood: WAHIAWA AREA

Community

  • Mgmt. Company: Vineyward Investment

Utilities

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

Structural Information

  • Description/Design: Multi-Family
  • Exterior Const.: Hollow Tile
  • Roof: Custom/Specialty
  • Stories Description: Three
  • Square Feet: 9,216
  • Year Built: 1967
  • Remodeled/Updated: 2009
  • Property Condition: Excellent

Unit Information

  • 1 Bedroom Units: 12
  • 2 Bedroom Units: 6

Lot Features

  • Property View: Mountain, Sunrise, Sunset
  • Mountain views: Yes
  • Lot Size (Sq. Ft.): 10,136
  • Topography: Level
  • Lot Features: Clear
  • Zoning: 12 - A-2 Medium Density Apartme
  • Lot Description: Clear

Financial Considerations

  • Expenses: Excise Tax, Insurance, Other, Property Tax, Repair Maintenance, Sewer Fee
  • Operating Expenses: $42,610
  • Tax Amount: $258
  • Tax Year: 2017
  • Terms: Cash, Conventional, Exchange
  • Tenant Pays: Cable TV, Electricity

Disclosures and Reports

  • Ownership: FS - Fee Simple
  • Special Conditions: None
  • Documents Avail.: Lease Documents, P&L, Survey, Title Search
  • Land Tenure: Fee Simple
  • Flood Zone: Zone D
  • Disclosures/Reports: 1031 Exchange, Relative of Licensee
  • Property ID: 1-7-3-002-017-0000

Listed by Commercial Inv. Strategies

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Schools

Schools serving 125 Ohai Street

School District:Hawaii Department Of Education
School Name
Grades
Distance
Kaala Elementary School
130 California Ave, Wahiawa, HI 96786
PK-5
0.4 mi
Wahiawa Middle School
275 Rose St, Wahiawa, HI 96786
6-8
0.8 mi
Leilehua High School
1515 California Ave, Wahiawa, HI 96786
9-12
1.2 mi
Disclaimer: School data provided by Pitney Bowes. School attendance boundaries are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History

Price & Sales History for 125 Ohai Street Get Price Alerts

Date
Details
Price
Change
Source
5/15/2018
Price Reduced
$3,800,000
-6.86%
MLS
12/15/2017
Listed
$4,080,000
132.48%
MLS
12/04/2007
Sold
$1,755,000
Public Record
Disclaimer: Historical sales and tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Community Info

Community Info for 125 Ohai Street

Listed by Commercial Inv. Strategies

125 Ohai Street, Wahiawa, HI 96786 (MLS# 201725387) is a Multi-Family property with 18 units containing 0 bedrooms and 0 full bathrooms. 125 Ohai Street is currently listed for $3,800,000 and was received on December 15, 2017. Want to learn more about 125 Ohai Street? Do you have questions about finding other Multi-Family real estate for sale in Wahiawa Area? You can browse all Wahiawa Area real estate or contact a Coldwell Banker agent to request more information.