commercial investment strategies · 2017. 10. 12. · 4 twos and 10+ parking with existing return...

COMMERCIAL INVESTMENT STRATEGIES

The information contained herein has been obtained from sources believed to be reliable. While we do not doubt its accuracy, we have not verified it and make no guarantee, warranty, or repre-sentation about it. Buyer to confirm and consult with their tax, financial, legal advisors, architect, engineers, environmental consultants, zoning consultants, and other professionals and conduct its independent due diligence studies. Any projections, opinions, assumptions or estimates used are for example only and do not represent the current or future performance of the property. Pictures are conceptual and not to scale and proportion. Commercial Investment Strategies represents Owner only.

60 Lakeview Circle Wahiawa, HI 96786$908,000 Fee Simple TMK: 1-7-3-008-027-0000 MLS#201623509

Christina Low Dwight RB-20978Principal BrokerMobile: 808.429.1098Office: 808.596.2066E-mail: [email protected]

www.CommercialInvestmentStrategies.com

126 Queen St. #309, Honolulu, HI 96813

ADD MORE UNITS! 4 twos and 10+ parking with existing return of 5.08%.

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 Zone D — low risk flood zone so lender won't require flood insurance. 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!

60 Lakeview Circle, Wahiawa HI

Unit Type # of Units Actual Rate

Two-bedrooms 4 $1250.00

Actual Gross Inc $60,600.00

Actual Expenses

Real Property Tax $2,909.00

GET $2,855.47

Repairs/Maint $3,000.00

Insurance $1,500.00

Landscaping Tenants mow lawn

Property Mgmt Self-managed

Water $4,200.00

Gross Expenses $14,464.47

Net Operating Inc $46,135.53

Sales Price $908,000.00

Actual Cap Rate 5.08%

Prepared By:Christina Low Dwight Broker-Owner, RB-20978 Seller Representative Specialist (SRS), Senior Real Estate Specialist (SRES) Commercial Investment Strategies, LLC www.CommercialInvestmentStrategies.com 126 Queen Street #309, Honolulu, HI 96813 [email protected] (808) 429-1098

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Address Type Rental Rate Laundry? Parking

Lakeview Circle 2 bedroom $1,500.00 Hookup 1

NA—Wahiawa 2 bedroom $1,599.00 NA ?

303 Ohai 2 bedroom $1,450.00 Coin 1

237 Ohai 2 bedroom $1,450.00 Coin 1

AVERAGE $1,499.75

Subject Property

Address Type Rental Rate Laundry? Parking

60 Lakeview Circle 2 bedroom $1,499.75 Coin 2+ per unit

# Units 4

Gross Income $71,988.00

Expenses (30%) $21,596.40

NOI $50,391.60

Value

Cap Rate $1,185,684.71 4.25%

$1,119,813.33 4.5%

$1,060,875.79 4.75%

$1,007,832.00 5%

$959,840.00 5.25%

$916,210.91 5.5%

ASKING PRICE $908,000.00 5.55%

Prepared By:Christina Low Dwight Broker-Owner, RB-20978 Seller Representative Specialist (SRS), Senior Real Estate Specialist (SRES) Commercial Investment Strategies, LLC www.CommercialInvestmentStrategies.com 126 Queen Street #309, Honolulu, HI 96813 [email protected] (808) 429-1098

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CL

2BR / 1Ba available nowapartment

w/d hookups

carport

$1500 / 2br - 2 bdrm, 1 ba duplex, covered parking, yard (Lakeview Circle,Wahiawa)

hawaii > oahu > housing > apts/housing for rent

image 1 of 6

QR Code Link to This PostWAHIAWA. Partly furnished 2 bdrm, 1 bath, duplex house, covered parking,yard. W/D connection in back of unit. Across Schofield Barracks; minutes fromNorth Shore and Mililani. Utilities (telephone, electricity, water/sewer, cable)NOT included. NO pets. Please call/text show contact info to schedule a showing appointment.

Posted 7 days ago on: 2017-02-08 12:18pm

Contact Information:

https://honolulu.craigslist.org/https://honolulu.craigslist.org/https://honolulu.craigslist.org/oah/https://honolulu.craigslist.org/search/oah/hhhhttps://honolulu.craigslist.org/search/oah/apahttps://honolulu.craigslist.org/fb/hnl/apa/5995405027

CL

2BR / 1Ba 800ft2 available now

cats are OK - purrr

dogs are OK - wooof

apartment

$1599 / 2br - 800ft2 - 2 bedroom one bath in wahiawa SECTION 8 OK(NEWLY RENOVATED)


image 1 of 4

QR Code Link to This PostThis is a spacious 2 bedroom 1 bath, is located in a very well kept community.

* Section 8 ok* Well maintain * Refrigerator * Stove / Oven* Extra Storage* Pets are allowed

Utility's are the tenants responsibility

Please call show contact info for more info Ask for mike Rent is $1599 Plus GET

Close to the various Military Bases: Pearl Harbor, Hickam AFB, Shafter,Schofield

Posted 5 days ago on: 2017-02-10 2:28pm



CL


apartment

laundry on site

no smoking

off-street parking

303 Ohai Pl.

$1450 / 2br - 600ft2 - 2BD Conveniently Located in Quiet Building!(Wahiawa, Mililani, Schofield, Wheeler)


image 1 of 6

QR Code Link to This PostAsian Pacific Investments is now offering a clean and comfortable 2-bedroom,1-bathroom apartment, with a private balcony in Downtown Wahiawa. Only a2-minute drive away from Schofield, Wheeler, and H2 freeway, this apartmentis in prime location! Great restaurants are within walking distance, along withvarious shops, including Walgreens for your everyday needs.

One year lease required. No pets/no smoking. Military and Section 8 are alwayswelcome! Quick approval process. Rent includes water and one assignedparking stall.

Call Asian Pacific Investments TODAY! show contact info

Visit our website to apply online at www.apiproperties.managebuilding.com

Posted 16 days ago on: 2017-01-30 10:23am



CL


apartment

laundry on site

no smoking

off-street parking

237 Ohai Street

$1450 / 2br - 500ft2 - AVAILABLE NOW! 2 BEDROOM/1 BATH located inWahiawa Town! (Wahiawa, Schofield, Wheeler, Mililani)


image 1 of 4

QR Code Link to This PostWahiawa Villas is now offering a spacious 2 bedroom 1 bathroom unitconveniently located in Wahiawa town. Just a short walk from shops,restaurants and bus lines. Only a 2 minutes drive from Schofield and Wheeler.Rent includes water and one assigned parking stall. Coin operated laundryavailable on site.

One year lease required. No pets/smoking. Section 8 and Military are alwayswelcome! SAME DAY APPROVAL AVAILABLE!

Call Asian Pacific Investments TODAY! show contact info

Visit our website to apply online at www.apiproperties.managebuilding.com

Posted 22 days ago on: 2017-01-24 10:19am



Zoom In Zoom Out Pan Measure Full View Last View SelectParcel LOMC Report Datasheet Home

County: HONOLULU TMK: (1) 7-3-008-027 Address: 60B LAKEVIEW CIR LOMC: NONE

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Imagery Parcels LOMCs Coastal Transect Lines Topography (Maui ONLY) Tsunami Evacuation Zones

Effective DFIRM / FIRM Honolulu County Maui County Hawaii County Kauai County Stream Cross Sections Benchmarks

Preliminary DFIRM Maui County Hawaii County

Historic DFIRM / FIRM Honolulu County DFIRM (1/19/11) Honolulu County DFIRM (6/2/05) Maui County DFIRM (9/25/09) Maui County FIRM (various) Kauai County DFIRM (9/16/05)

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1. Select a County:HONOLULU

2. Enter a street name to search:60 Lakeview

OREnter a 9-digit Tax Map Key with nospecial characters (e.g. 444002032):

173008027

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CITY AND COUNTY OF HONOLULUDepartment of Planning and Permitting (DPP)

Aloha. We provide services and information on building permits, developmentprojects, and planning activities for the City and County of Honolulu.

Tax Map Key

Details Warnings Building/Sign Permits Subdivision Permits Other Permits Owners History Assessments Str Setbacks Parcel Info

TMK: 7-3-008:027 POID: 12737

Historical TMK Sequence: Tax Pin: 12737

Area (sq ft): 10207

Area (acres): 0.234

Lot Number: 5 & 43

Ohana: (None)

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PARCEL INFO

Type DescriptionCouncil District Effective 20032 - Ernest Y. MartinDevelopment Plan Areas Central OahuFlood Zones D - Undetermined Flood HazardHeight Limit 60'Lot Restriction NoneNeighborhood Boards 26 - WAHIAWASMA Not in SMASlide Area NoneState Land Use Urban DistrictStreet Setback NONEZoning (LUO) A-2 Medium Density Apartment

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FACILITIES

Facility Code Year Built No. of Floors Total Floor Area04 - Apartment 1954 2 0

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TMK SEPARATIONS

Activity Code Census Tract Census Block01 - HOUSEHOLD DWELLING9400 4002

Address List:

60 - A LAKEVIEW CIR60 - B LAKEVIEW CIR60 LAKEVIEW CIR

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City and County of Honolulu, Department of Planning & Permitting 650 So. King St., Honolulu, HI 96813 • Fax: (808) 768-6743email: [email protected]© Copyright Honolulu City & County. All Rights Reserved.

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CITY AND COUNTY OF HONOLULUDepartment of Planning and Permitting (DPP)

Aloha. We provide services and information on building permits, developmentprojects, and planning activities for the City and County of Honolulu.

Tax Map Key

Details Warnings Building/Sign Permits Subdivision Permits Other Permits Owners History Assessments Str Setbacks Parcel Info

Status:

Street 1:

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Memo:

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commercial investment strategies · 2017. 10. 12. · 4 twos and 10+ parking with existing return...

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