Richard Schultz - RS Hawaii Homes

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.

Details

MLS#201725387
Sub-TypeResale
StatusActive
Year1967
Days On Site337

Features

SQ Feet9,216
Units18
Building(s)1
Property ViewSunset

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Area Information

StateHI
CityWahiawa
Zip Code96786
Listing VS Median (in 96786)
Price:
$3,800,000
low | high
Med:
$729,000
100% of Average
SqFt:
9,216
low | high
Med:
2,160
100% of Average
$ / SqFt:
$412
low | high
Med:
$338
68.147368421053% of Average
On Site:
337
low | high
Med:
6
100% of Average
Listing Updated: 11/16/2018
MLS Number: 201725387
Listing Provided By:
Christina L Dwight  of  Commercial Inv. Strategies

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