100% leased 12-unit apartment building in a well-located part of Makiki. Excellent stabilized cash flow
opportunity which is turnkey for an investor. The property underwent a major renovation in 2020 including new
quartz countertops, cabinets, vanities, lights, ceiling fans, LVT flooring, interior paint, tiled showers*, stainless
steel microwaves and gas ranges/ovens, washer dryers, and low flow water fixtures. In addition, the driveway
and parking lot was repaved with new asphalt and concrete in some areas, as well as updated landscaping to the
property. Roof re-coated and resealed in 2022!
INVESTMENT HIGHLIGHTS
- Renovated units with luxury finishes
- Excellent unit mix
- CMU construction
- Large Units
- Electricity & Gas are separately metered
- All units have their own washer/dryer
- 10 on-site parking spaces
- In-place 4.9% CAP rate
Closed
$4,150,000
1662 Lewalani Dr, Honolulu, HI 96822
--beds
0baths
7,524sqft
Multi Family
Built in 1966
-- sqft lot
$4,277,400 Zestimate®
$552/sqft
$1,664 Estimated rent
What's special
Zillow last checked: 7 hours ago
Listing updated: June 15, 2024 at 04:06am
Listed by:
Clint B Crawford 808-832-6016,
Standard Management LLC
Bought with:
NON MLS
Non-MLS
Source: HiCentral MLS,MLS#: 202311027

Facts & features
Interior
Bedrooms & bathrooms
- Bathrooms: 0
Appliances
- Included: Dryer, Washer
- Laundry: In Unit
Interior area
- Total structure area: 7,524
- Total interior livable area: 7,524 sqft
Property
Parking
- Total spaces: 10
- Parking features: Assigned
Features
- Levels: Three Or More
- Has view: Yes
- View description: None
Lot
- Features: Cleared, Interior Lot, Other, Level
- Topography: Level,Sloping
Details
- Parcel number: 1240300330000
- Zoning description: 12 - A-2 Medium Density Apartme
- Special conditions: None
Construction
Type & style
- Home type: MultiFamily
- Property subtype: Multi Family
Materials
- Hollow Tile
Condition
- Good Condition
- Year built: 1966
- Major remodel year: 2002
Utilities & green energy
- Sewer: Connected
- Utilities for property: Above Ground Utilities, Cable Available, Electricity Available, Natural Gas Available, High Speed Internet Available, Water Available, Sewer Connected
Community & neighborhood
Security
- Security features: Lobby Secured
Community
- Community features: None
Location
- Region: Honolulu
- Subdivision: Makiki
HOA & financial
Other financial information
- Total actual rent: 23670
Services availability
Sell for more on Zillow
Get a free Zillow Showcase℠ listing and you could sell for .
$4,277,400
2% more+ $85,548
With Zillow Showcase(estimated)
$4,362,948