Hawaii Randy's Real Estate Opinions: March 2007

Oahu North Shore Apartment House

Waialua, Hawaii Apartment House For Sale

$1,195,000  Investors Dream

Akule St. Front of Building

This is an extremely desirable property.  It is in great shape and has a good cash flow.  This property is so close to the beach you can almost throw a baseball and hit the water. The seller has had it for many years and has fully depreciated it out.

Akule St. Back Deck Facing the Ocean

The property is being managed by the owner including the landscaping. That is the reason his expenses appear so low.

Akule St. Front of Building

Features of the Property:

  • Above Average Condition
  • Unique North Shore Apartment House
  • 1-Block to the Beach
  • Great Cash Flow
  • Vaulted Ceilings in the Four 2 Bedroom Units
  • Freshly Painted Exterior
  • Upgraded Septic System

Akule St - Looking along the back roofline

Specs of the Property

Honolulu Board of Realtors - MLS No. 2704065

65-085 Akule St.  -  Waialua, HI  96791

  • 4 x 2Bed / 1 Bath,  3 x studio/1bath efficiencies
  • Land Area 7587 sq/ft.
  • Living Area 2560 sq/ft in tax records, actual is larger
  • Annual Rental Income: $82,160
  • Annual Expenses: $4240 (Water, electric, insurance & excise tax)
  • 2006 Annual Property Tax: $2341
  • 5 - Parking Stalls plus street parking
  • Built 1967, Partially Remodeled in 2005
  • Exterior painted in 2007
  • Does Not Match Tax Records, Sold "As Is"
  • Make all Offers Subject to Inspection
  • (Please Do Not Disturb Tenants)

A flyer for the property can be downloaded from my webpage:  www.HawaiiRandy.com

I will be glad to e-mail additional information.  I have more photos.  I am limited on interior shots.  I should have more of them over the next couple of days as I can make the appointments with the tenants.  I will be posting a virtual tour at that time.  This property is expected to move fast.

 

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Randy L. Prothero, REALTOR®

Broker-in-Charge, ABR, AHWD, CRB, CRS, e-PRO, GRI, MRP, SFR

eXp Realty

Team Leader - "The Prothero Group"

Randy Prothero is well established as an expert in working with military / VA clients and first time home buyers.  His home seller's (listing) campaign is one of the most aggressive marketing programs in the area.  His luxury home listings sell faster and for more money.

Based out of Mililani, Hawaii. Randy services the island of Oahu (Honolulu County) Performs mediations and ombudsman services for the Board of Realtors.  To improve overall professionalism in his area Randy also offers classes for real estate agents. 

www.HawaiiRandy.comOahu (Honolulu County) Property Search  Hawaii Military Relocations

Comment balloon 7 commentsRandy Prothero • March 02 2007 02:39PM
Oahu North Shore Apartment House
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Waialua, Hawaii Apartment House For Sale $1, 195, 000 Investors Dream This is an extremely desirable property. It is in great shape and has a good cash flow. This property is so close to the beach you can almost throw a baseball and hit the water… more