Located near UH, bus stops, and a freeway entrance, this fully occupied multi-family property at 2827B Waialae Ave presents an excellent investment opportunity. It includes five 2-bedroom apartments ideal for student rentals, plus a spacious 3-bedroom unit perfect for owner occupancy or additional rental income. Equipped with Ring Spotlight cameras, the property offers added security and peace of mind for tenants. The listing price is $2,323,000, based on the 2018 purchase price, adjusted for property taxes and six years of compounded loan interest. Interest rates were applied at 4% for the first two years, 5% for the next two, and 6% for the final two years, adding $589,205.79 to the original purchase price of $1,733,710.08. This property is a rare opportunity for rental income and growth potential in an ideal location.
Property Details
Price:
$2,323,000
MLS #:
202424671
Status:
Active
Baths:
0
Address:
2827-B Waialae Avenue
Type:
Multi Family
Subtype:
Multi-Family
Neighborhood:
MOILIILI
City:
Honolulu
Listed Date:
Nov 1, 2024
State:
HI
ZIP:
96826
Lot Size:
5,525 sqft / 0.13 acres (approx)
Year Built:
1939
Schools
Interior
Laundry Facilities
Coin
Exterior
Lot Features
Other
Parking Features
Assigned
Parking Total
6
Roof
Composition
Utilities
Overhead Electricity, Public Water, Sewer Fee, Telephone
View
Garden, Marina/ Canal, Mountain
Financial
Map
Contact Us
Mortgage Calculator
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Courtesy of eXp Realty. Disclaimer: All data relating to real estate for sale on this page comes from the Broker Reciprocity (BR) of the HiCentral MLS. Detailed information about real estate listings held by brokerage firms other than BUSINESS MA include the name of the listing broker. Neither the listing company nor BUSINESS MA shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. The Broker providing this data believes it to be correct, but advises interested parties to confirm any item before relying on it in a purchase decision. Copyright 2024. Oahu. All rights reserved.
2827-B Waialae Avenue
Honolulu, HI
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