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94-246 Aniani Pl 8 Unit Apartment Building $2,343,563 ($292,945/Unit) 8% Cap Rate Waipahu, HI 96797



Executive Summary
Amazing and unbelievable 8% CAP rate which is unheard of on Oahu! Owner did all the hard work so you can take over a turn key operation. All 8 units have been completely renovated, all units rewired from the meter, new rough in plumbing, new supply lines, descaled sewer line, exterior paint, new fuses including GFCI circuit breakers, new outlets, switches, and light fixtures, rebuilt stairs and rails. You can pay 40%-60% more for a similar building in town but the rents are not proportionally higher so it is a no brainer that there is value in Waipahu!
Property Facts
| Price | $2,343,563 | Building Class | C |
| Price Per Unit | $292,945 | Lot Size | 0.18 AC |
| Sale Type | Investment | Building Size | 4,032 SF |
| Cap Rate | 8% | Average Occupancy | 87% |
| No. Units | 8 | No. Stories | 2 |
| Property Type | Multifamily | Year Built/Renovated | 1961/1965 |
| Property Subtype | Apartment | Parking Ratio | 1.98/1,000 SF |
| Apartment Style | Low-Rise | Opportunity Zone |
Yes
|
| Zoning | A-2 | ||
| Price | $2,343,563 |
| Price Per Unit | $292,945 |
| Sale Type | Investment |
| Cap Rate | 8% |
| No. Units | 8 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Low-Rise |
| Building Class | C |
| Lot Size | 0.18 AC |
| Building Size | 4,032 SF |
| Average Occupancy | 87% |
| No. Stories | 2 |
| Year Built/Renovated | 1961/1965 |
| Parking Ratio | 1.98/1,000 SF |
| Opportunity Zone |
Yes |
| Zoning | A-2 |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 2+1 | 8 | - | - |
1 1
Walk Score®
Very Walkable (72)
Property Taxes
| Parcel Number | 1-9-4-025-027-0000 | Improvements Assessment | $350,600 |
| Land Assessment | $1,050,600 | Total Assessment | $1,401,200 |
Property Taxes
Parcel Number
1-9-4-025-027-0000
Land Assessment
$1,050,600
Improvements Assessment
$350,600
Total Assessment
$1,401,200
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94-246 Aniani Pl
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