This recently rehabbed 6-unit multifamily property in the heart of Moiliili, offers investors strong cash flow and appreciation potential. Each 2-bedroom, 1-bath unit has been upgraded with new kitchens, baths, upgraded finishes, air conditioning, plus a new roof, plumbing, and electrical systems. With 10 marked parking stalls, tenant-paid laundry, parking, and pet fees, the property generates multiple revenue streams. Property is fully leased with monthly in-place rents of $14,850 provides immediate returns with minimal near-term capital expenditures. *Seller is also selling adjacent 8-unit apartment building and both properties can be sold together. 2711 Waiaka Road, MLS# 202521973, TMK 1-2-7-27-51
Property Features
Bathrooms
Appliances
Heating and Cooling
- Cooling Features: Central Air
Land Info
- Lot Description: Cleared, Cul-De-Sac, Level
- Topography: Level
Garage and Parking
- Parking Features: Assigned, Tandem
- Parking Total: 10
Home Features
Multi-Unit Info
Rental Info
- Tenant Pays: Electricity, Parking Fee, Water
Other Property Info
- Annual Tax Amount: 63076
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Source Neighborhood: MOILIILI
- Parcel Number: 1-2-7-027-051-0000
- Postal City: Honolulu
- Subdivision: MOILIILI
- Zoning Description: 12 - A-2 Medium Density Apartme
- Property Subtype: Multi Family
Commercial Info
- Net Operating Income: 161011.7
- Operating Expense: 29788.3
- Operating Expense Includes: Insurance, Manager, Maintenance, Real Estate Tax
Building and Construction
- Year Built: 1959
- Building Area Total: 3840
- Construction Materials: Hollow Tile, Masonry, Concrete, Stucco
- Levels: Two
- Property Age: 66
- Property Condition: Excellent
- Levels or Stories: 2
- Structure Type: Apartment
- Year Built Effective: 2025
Utilities
- Sewer: Connected
- Above Ground Utilities
- Cable Available
- Electricity Available
- High Speed Internet Available
- Sewer Available
- Water Available
- Sewer Connected
- Water Source: Public