Linda McCabe and Erin McCabe with Coldwell Banker Island Properties - 808-225-1048
Hawaii Condo ManiaMLS: 202502231 $2,000,000
Bedrooms with 0 Baths142 LAKEVIEW CIRCLE
WAHIAWA HI 96786MLS: 202502231
Status: ACTIVE
List Price: $2,000,000
Price per SQFT: $0
Square Footage: 0Bedrooms
0 Baths
Year Built: 1974
Zip Code: 96786
Listing Remarks
Discover a rare opportunity to own an 11-unit apartment building in the highly desirable Wilikina area. Perfectly designed for income generation, this property features eleven 1-bedroom units, each with a dedicated parking stall, offering convenience and appeal to tenants. Recent upgrades in 2023, including a new roof and fresh exterior paint, enhance the building's curb appeal and long-term durability. A coin-operated community laundry area on the ground floor provides an additional revenue stream. Conveniently located near schools, shopping centers, restaurants, and highways, this property ensures ease of access for residents while maintaining strong rental demand. Whether you're starting your investment journey or expanding an existing portfolio, this property is a must-see! Current income and expenses reflect 9 rented units, leaving room for even greater earning potential. Net income of $111,900 for 9 units with CAP rate about 5.6% (Still has 2 units vacant to add more income). Schedule a viewing today and take the first step toward securing your future income!
Address: 142 LAKEVIEW CIRCLE WAHIAWA HI 96786
Listing Courtesy of FIVE STAR REALTY, INC.
Condo Mania Agent
Linda McCabe
Coldwell Banker Island Properties
REALTOR®
Phone: 808-225-1048
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: None LISTING CONTRACT DATE: 2025-01-21 AREA: CENTRAL YEAR BUILT: 1974 TAXES: $4,020 CONSTRUCTION: Masonry, Stucco, WoodFrame COMMUNITY FEATURES: None LOT FEATURES: Cleared, Level PARKING FEATURES: Assigned, Open PROPERTY TYPE: Residential PROPERTY SUB TYPE: MultiFamily NUMBER OF UNITS TOTAL: 11 VIEW: None LISTING AGENT: VINCENT LAO LISTING OFFICE: FIVE STAR REALTY, INC. LISTING CONTACT: (808) 382-6871
Estimated Monthly Payments
List Price: $2,000,000 20% Down Payment: $400,000 Loan Amount: $1,600,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $10,113 Estimate does not include taxes, fees, insurance.
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Property Location: 142 LAKEVIEW CIRCLE WAHIAWA HI 96786
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Condo Mania Agent
Erin McCabe
Coldwell Banker Island Properties
Real Estate Associate
Phone: 808.485.9955
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Last Updated: 2025-02-04