Rare Investment Opportunity 4 Homes on R-5 Zoned Lot! Don't miss your chance to own this exceptional multi-family property featuring four detached single-family homes on one lot. Ideal for investors or multi-generational living! This property consists of 2 - 3 bedroom homes and 2 - 2 bedroom homes each with their own private fenced yards and dedicated parking. Tenants pay all utilities (water, sewer, gas and electric). This well-maintained property offers both stability and upside. Two of the homes have been recently renovated and are currently vacant, offering immediate rental potential. The two bedroom home is listed at $2, 300/month and the 3 bedroom is listed at $3, 000/month. Once these units are rented, the annual gross income would increase from $31, 200 to $94, 800. And there's still room for additional rental income on the occupied units, offering even greater return potential. Perfect for savvy investors seeking strong cash flow, multi-family compound buyers who want privacy and flexibility or 1031 exchange buyers looking for stable, appreciating assets. MLS listing does not match tax records.
Property Features
Bathrooms
Appliances
- Laundry Features: In Unit
Interior Features
- Furnished Description: Unfurnished
Land Info
- Lot Description: Level
- Lot Size Acres: 0.5050505
- Topography: Level
- Lot Size Square Feet: 22000
Garage and Parking
- Parking Features: Assigned
- Parking Total: 5
Homeowners Association
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
Multi-Unit Info
Rental Info
- Tenant Pays: Air Conditioning, Cable TV, Electricity, Gas, Water
Other Property Info
- Annual Tax Amount: 4080.00
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: Leeward
- Property Subtype: condo
- Source Neighborhood: MAKAHA
- Parcel Number: 1-8-4-015-003-0000
- Postal City: Waianae
- Subdivision: MAKAHA
- Zoning Description: 05 - R-5 Residential District
- Property Subtype: Multi Family
- Source System Name: C2C
Commercial Info
- Operating Expense Includes: Insurance, Manager, Maintenance, Real Estate Tax, New Tax, Water/Sewer
Building and Construction
- Year Built: 1938
- Building Area Total: 2662
- Construction Materials: Double Wall, Single Wall, Wood Frame
- Levels: One
- Property Age: 87
- Property Condition: Average Condition
- Levels or Stories: 1
- Structure Type: Multi Family
- Total Area Sqft: 2662
- Year Built Effective: 1971
Utilities
- Sewer: Connected
- Above Ground Utilities
- Cable Available
- Electricity Available
- Natural Gas Available
- High Speed Internet Available
- Phone Available
- Sewer Available
- Water Available
- Sewer Connected
- Water Source: Public