| MLS: 202521549 (Active - For Sale) Asking Price: $2,343,563 FS - Fee Simple Type: Multi-Family District: Waipahu Address: 94-246 Aniani Place, Waipahu, HI Neighborhood: Waipahu-lower Land Area: 7,876 SF Parking: Assigned,Open Days on Market: 211 Year Built: 1961 Zoning: 12 - A-2 Medium Density Apartme Land Recorded: Regular System Property Taxes: $408 Assessed Value: $1,401,200 Assessed Ratio: 167.25% Listing Courtesy: Ivy K Realty, LLC |
Amazing and unbelievable 8% CAP rate which is unheard of on Oahu! Owner did all the hard work so you can take over a turn key operation. All 8 units have been completely renovated, all units rewired from the meter, new rough in plumbing, new supply lines, descaled sewer line, exterior paint, new fuses including GFCI circuit breakers, new outlets, switches, and light fixtures, rebuilt stairs and rails. You can pay 40%-60% more for a similar building in town but the rents are not proportionally higher so it is a no brainer that there is value in Waipahu!
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