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231 Lehua St - 231 Lehua Street #D 5 Unit Apartment Building Offered at $868,000 at a 5.93% Cap Rate Wahiawa, HI 96786
INVESTMENT HIGHLIGHTS
- Total Units: 5
- Parking: 9
- 2,604sf of Land
- Unit Type: 4 Studios, 1 Three-Bed
- Year Built: 1939
- 5,830sf of Interior
EXECUTIVE SUMMARY
Well maintained property with 5 renovated units: 4 studios in 2-story hollow tile building and a wood 3/1 house with 7 legal parking stalls + 2 tandem (total of 9 possible). Live in the house and pay your mortgage using the studios' income! Located close to Wahiawa General Hospital but tucked away on a shared driveway with 2 other properties, this gem of a money-maker has owned coin laundry. House has its own washer dryer inside. All units separately metered electric, 1 water meter. #D building was re-roofed in 2023, buildings painted and new gutters. All interiors redone within the last 10 years; redone copper plumbing and electric wiring for house and 2 upstairs units; transferable termite warranty. DPP shows previous zoning was B-2, current zoning is R-5. See Agent/showing notes for more info!
PROPERTY FACTS
| Price | $868,000 | Property Type | Multifamily |
| Price Per Unit | $173,600 | Building Size | 2,604 SF |
| Sale Type | Investment | Average Occupancy | 100% |
| Cap Rate | 5.93% | No. Stories | 2 |
| No. Units | 5 | Year Built | 1939 |
| Zoning | R-5 | ||
| Price | $868,000 |
| Price Per Unit | $173,600 |
| Sale Type | Investment |
| Cap Rate | 5.93% |
| No. Units | 5 |
| Property Type | Multifamily |
| Building Size | 2,604 SF |
| Average Occupancy | 100% |
| No. Stories | 2 |
| Year Built | 1939 |
| Zoning | R-5 |
UNIT MIX INFORMATION
| DESCRIPTION | NO. UNITS | AVG. RENT/MO | SF |
|---|---|---|---|
| Studios | 4 | - | 521 |
| 3+1 | 1 | - | 521 |
1 1
Walk Score®
Very Walkable (84)
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231 Lehua St - 231 Lehua Street #D
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