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SOLD
MLS: 202311181
 
Asking Price: $1,425,000 FS - Fee Simple
Sold Price: $1,350,000
Sold Date: 10/13/2023
Type: Multi-Family
District: Central
Address: 176 Wilikina Drive, Wahiawa, HI
Neighborhood: Wahiawa Area
Land Area: 7,605 SF
View: Other
Parking: Open
Days on Market: 340
Year Built: 1955
Easements: Electric,Telephone
Zoning: 12 - A-2 Medium Density Apartm
Land Recorded: Regular System
Property Taxes: $260
Assessed Value: $891,100,.00
Assessed Ratio: 159.91%
Listing Courtesy: Commercial Inv. Strategies
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Excellent cap return on actuals with opportunity to increase below-market rents. 6 Nice, large units in 2 buildings: two story hollow tile with 2 one-bedrooms and 2 two-bedrooms and a one story hollow tile with 2 two-bedrooms, each with its own yard. Better than 1:1 parking, owned coin laundry, and seasoned, stable tenant pool. Lake Wilson abuts behind, so sense of a BIG backyard and NOT in a flood zone. Property is self-managed and well-maintained, and set back from main highway = lease road noise easy accessibility. Shared driveway, easy access to Schofield, shops and eateries in Wahiawa, and freeway in either direction.


 
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