FIVE HOUSES. A prime investment opportunity in Waianae, Hawaii, offering exceptional value in Hawaii’s most promising market. This newly redeveloped multi-family property on St. John's Road sits on 28,785 SF of R-5 zoned land and features five turnkey homes, each with 3 bedrooms, 2 bathrooms, and a two-car carport, making it attractive for 1031 exchange investors seeking high income-generating potential with a stabilized gross monthly income of $13,000. With competitive pricing, this property stands out in the local market, offering strong return on investment. Each home is upgraded with new walls, paint, flooring, high-end fixtures, and modern kitchens, along with private, spacious yards and separate electric meters. Located on a peaceful cul-de-sac, the master suites feature en-suite bathrooms with showers, while second bathrooms include tubs for added convenience. Key investment features: Modern kitchens with new appliances (refrigerator and stove) Expansive, fenced yards with washer/dryer hookups Two-car carports for each home All homes are legally permitted with potential for CPR (Condominium Property Regime) development, further enhancing long-term investment value.
MLS# | 202226278 |
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Listing Type | For Sale |
Style | Town House |
Status | Active |
Year | 1946 |
Days On Site | 396 |
Listing Provided By | Hawaii Real Estate Properties | Ash Tawfik |
Story(s) | 1 |
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Acreage | 28785.00 |
Property View | None |
State | HI |
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City | Waianae |
Zip Code | 96792 |
Area | Oahu |
School District | Waianae |
Elementary School | Maili |
Listing VS Median (in 96792) | |
Price: $2,500,000 low | high Med: $502,000 On Site: 396 low | high Med: 181.500000 |