Amazing Investment Opportunity! Fully Rented, turn-key 4 Plex, excellent CAP rate w/room to increase revenue. This 2 story multi unit, CMU base building consists of [4] 2 bedroom/1 bathroom units (2-upstairs, 2-downstairs) with separate electric meters/water heaters, individual washer hook ups and 4 covered parking stalls. This is an area renters are actively seeking. Conveniently located in desirable Aiea near Blaisdell Park and its populated bike path filled with daily visitors. This rare find offers Pearl Harbor views, easy access to freeways, shopping, dining and activities. The seasoned, long term tenants would love to stay and are ready to write their checks directly to you. Total monthly rent is $4705, calculated to over 4% Capitalization rate. There's room to grow the return as current rents for similar sized units (658 SF) are going for more. Building is easy to manage, low maintenance with one water meter. Where else can you find a ready to go, cash flowing, investors Paradise? Act quickly, deals like this don't last long. Property is being sold strictly As-Is, Sellers will not make any repairs or credits. Please do not disturb the tenants.
Closed
$1,105,000
98-161 Kaluamoi Pl, Pearl City, HI 96782
8beds
2,696sqft
Single Family Residence
Built in 1959
-- sqft lot
$1,076,500 Zestimate®
$410/sqft
$2,459 Estimated rent
Owner options
What's special
Zillow last checked: 8 hours ago
Listing updated: June 14, 2024 at 11:42pm
Listed by:
Daniel K Ihara 808-343-3695,
Keller Williams Honolulu,
Shane E Breeden 310-595-5616,
Keller Williams Honolulu
Bought with:
Kelly H Tran, RS-79098
eXp Realty
Source: HiCentral MLS,MLS#: 202306615
Facts & features
Interior
Bedrooms & bathrooms
- Bedrooms: 8
- Bathrooms: 4
- Full bathrooms: 4
Features
- Flooring: Carpet, Laminate, Vinyl
Interior area
- Total structure area: 2,696
- Total interior livable area: 2,696 sqft
Property
Parking
- Total spaces: 4
- Parking features: Carport, Three or more Spaces
- Has carport: Yes
Features
- Levels: Two
- Stories: 2
- Pool features: None
- Has view: Yes
- View description: Ocean
- Has water view: Yes
- Water view: Ocean
Lot
- Features: Cleared, Interior Lot, Level
- Topography: Level
Details
- Parcel number: 1980210180000
- Zoning description: 05 - R-5 Residential District
- Special conditions: None
Construction
Type & style
- Home type: SingleFamily
- Architectural style: Multiplex
- Property subtype: Single Family Residence
Materials
- Brick, Concrete, Single Wall
- Foundation: Slab
Condition
- Average Condition
- New construction: No
- Year built: 1959
Utilities & green energy
- Utilities for property: Water Available
Community & neighborhood
Location
- Region: Pearl City
- Subdivision: Waimalu
Sell with ease on Zillow
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$1,076,500
2% more+$21,530
With Zillow Showcase(estimated)$1,098,030