Discover a rare opportunity to own an 11-unit apartment building in the highly desirable Wilikina area. Perfectly designed for income generation, this property features eleven 1-bedroom units, each with a dedicated parking stall, offering convenience and appeal to tenants. Recent upgrades in 2023, including a new roof and fresh exterior paint, enhance the building's curb appeal and long-term durability. A coin-operated community laundry area on the ground floor provides an additional revenue stream. Conveniently located near schools, shopping centers, restaurants, and highways, this property ensures ease of access for residents while maintaining strong rental demand. Whether you're starting your investment journey or expanding an existing portfolio, this property is a must-see! Net income about $130,000 with CAP rate about 7%. Schedule a viewing today and take the first step toward securing your future income!
Property Features
Bathrooms
Land Info
- Lot Description: Cleared, Level
 - Topography: Level
 
Garage and Parking
- Parking Features: Assigned, Open
 - Parking Total: 11
 
Multi-Unit Info
Other Property Info
- Annual Tax Amount: 4020
 - Source Listing Status: Active
 - County: Oahu
 - Source Property Type: Residential
 - Area: Central
 - Source Neighborhood: WILIKINA
 - Parcel Number: 1-7-3-008-041-0000
 - Postal City: Wahiawa
 - Subdivision: WILIKINA
 - Zoning Description: 12 - A-2 Medium Density Apartme
 - Property Subtype: Multi Family
 
Commercial Info
- Net Operating Income: 137328
 - Operating Expense: 33072
 - Operating Expense Includes: Insurance, Real Estate Tax, New Tax, Water/Sewer
 
Building and Construction
- Year Built: 1974
 - Construction Materials: Masonry, Stucco, Wood Frame
 - Levels: Three Or More
 - Property Age: 51
 - Property Condition: Average Condition, Good Condition
 - Levels or Stories: Three Or More
 - Structure Type: Apartment
 
Utilities
- Sewer: Connected
 - Above Ground Utilities
 - Cable Available
 - Electricity Available
 - High Speed Internet Available
 - Phone Available
 - Water Available
 - Sewer Connected
 - Water Source: Public