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Single Family 4 bedroom $599,000 MLS:202505421

$ 599,000
Single Family in In Escrow
87-118 Alapaki Street
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5
In Escrow

TWO DETACHED HOMES FOR THE PRICE OF ONE! LEGAL non-conforming Two-Homes-One-One-Lot property a stone’s throw from beautiful, white-sand Tumblelands beach! Live in one and rent the other to help pay the mortgage. Both detached homes have newly painted exteriors and are located on one 5,000 sq. ft. lot (NOT A CPR) with separate electric meters (one water meter), separate walkways, individual water heater hookups, and separate fully-fenced yards. Front home 916 sq. ft., single wall construction with 3 bedrooms, 1 bath, newer roof (2019), kitchen, living room, driveway, storage, and mango and citrus trees. Back home: Approx. 329 sq. ft., double-wall construction with 1 bedroom, 1 bath, kitchen, living room, and huge lanai. Perfect property for investors, multi-family, and owner occupant(s) that want to live in one home and rent out the other home. One range electrical outlet and one water heater need replacing. Close to Waianae Comp hospital, restaurants, beaches. Room counts and square footage in MLS do not match tax records. Potential CAP RATE about 6% with pro-forma rents of $1,800/mo and $2,200/mo respectively and insurance and property tax expenses.

Address: 87-118 Alapaki Street
Zip: 96792
Country: アメリカ合衆国
Property Id : 230608
Price: $ 599,000
Property Size: 1,245 ft2
Bedrooms: 4
Bathrooms: 2
Half Bath: 0
MLS Number: 202505421
Property Type: Single Family
Partial Baths]: 0
Parking Total: 2
Area: Leeward
Country: Oahu
Status: In Escrow
Parking Features: Driveway, Two Car Garage, Two Spaces, On Street
Architectural Style: Detached, Multiplex
Construction Materials: Double Wall, Single Wall, Wood Frame
Property Condition: Average Condition
SqFt Roofed Living: 0
Year Built: 1942
View: Mountain(s)
Flooring: Carpet, Laminate, Vinyl
Furnished: Unfurnished
Inclusions: Disposal,Range/Oven,Refrigerator,Smoke Detector,Water Heater

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