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60 Lakeview Circle, Wahiawa, HI

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60 Lakeview Circle

Wahiawa, HI 96786-1536 - Wahiawa MF Submarket

Property Type:Multi-Family Number of Units:4 Status:Existing Year Built:1955
Stories:- Building Size:5,103 SF Land Area:.23 AC (10,206 SF)
For Sale Price:$908,000 Price/Unit:$227,000.00 Cap Rate:5.08 % GRM:-

Parking:1.95 Parking Spaces / 1,000 SF

Sale Notes:
ADD MORE UNITS! 4 twos and 10+ parking with existing return of 4.92%. Gross income is $5100/mo. Expenses are $350/mo for water $200/mo repairs/maint $1500/year for insurance, $2909/year RPT, $2855/year GET, self-managed. Tenants pay electric. Keep the existing building and develop the rest. 10,207 sf of A2 zoned land. Land Use Ord. allows 50% lot coverage or approx. 5,103.5 building footprint. Height limit 60 feet, approx. 13,309 sf total allowable improvements. Talk to your architect to explore the possibilities of development!
On Lake Wilson, but not in a high-risk flood zone, so no lender-required flood insurance! Away from the highway, inside cul-de-sac.

Commercial Investment Strategies LLC
Christina Dwight
(808) 596-2066

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