91-2078 Fort Weaver Road
Ewa Beach, HI 96706
$1,800,000
Price
8
Beds
—Sq. Ft.
— / Sq. Ft.
—
Sq. Ft.
—
per Sq. Ft.
Description
Great income earning opportunity in Ewa Beach on Old Ft. Weaver Rd. Property is zoned R-5 but grandfathered for commercial use so you benefit from huge savings on property taxes. Property consists of auto detailing, barber shop, and tattoo shop, 2 3/1 units, 1 2/1 unit, and a studio with no kitchen/wet bar. Monthly gross income is $9,598/month and expenses are approximately $1,250/month. Most of the rents are under market value because of long term relationships and both commercial and residential...Great income earning opportunity in Ewa Beach on Old Ft. Weaver Rd. Property is zoned R-5 but grandfathered for commercial use so you benefit from huge savings on property taxes. Property consists of auto detailing, barber shop, and tattoo shop, 2 3/1 units, 1 2/1 unit, and a studio with no kitchen/wet bar. Monthly gross income is $9,598/month and expenses are approximately $1,250/month. Most of the rents are under market value because of long term relationships and both commercial and residential rents can be dramatically increased. Or be an owner user and utilize this property for your own business. Ample parking all along Old Ft. Weaver Rd. The possibilities are endless and your options are wide open.
- Listed by Marc T Kumai • License #RB-18403 • Ivy K Realty, LLC • (808) 591-5660
Property Details for 91-2078 Fort Weaver Road
View
Mountain
Zoning05 - R-5 Residential District
NeighbourhoodEWA
Flood ZoneZone X
Stories/LevelsTwo
Land TenureFS - Fee Simple
LISTING UPDATED: 08/29/2024 03:50 PM
Property Details for 91-2078 Fort Weaver Road
| Status | Active |
|---|---|
| MLS # | 202419042 |
| Days on Market | 81 |
| Taxes | $556 / month |
| HOA Fees | - |
| Condo/Co-op Fees | - |
| Compass Type | Multi Family |
| MLS Type | Multi-Family / Multi-Family |
| Year Built | 1943 |
| Lot Size | 0.19 AC / 8,088 SF |
| County | Honolulu County |
Building Information for 91-2078 Fort Weaver Road
Stories-Residences6Year Built1943Building Size-Lot Size0.19 AC / 8,088 SF
Property Information for 91-2078 Fort Weaver Road
Summary
Location and General Information
- Topography: Gentle Slope
- City: Ewa Beach
- County Or Parish: Oahu
- State Or Province: HI
- Location: Inside
Taxes and HOA Information
- Tax Amount: $556.00
- Tax Assessed Value: $964,200.00
- Tax Assessed Value Improvements: $231,500.00
- Tax Assessed Value Land: $732,700.00
- Tax Year: 2024
- Parcel Number: 1-9-1-021-006-0000
- HOA YN: No
Parking
- Parking Features: Assigned, Open
- Parking Total: 4
- Other Parking Features: None
Property
Lot Information
- Property Frontage: Other
- Property Sub Type: Multi-Family
- Property Type: Multi-Family
- Land Recorded: Regular System
- Lot Features: Clear
- Lot Size Area: 8088.0
- Year Built: 1943
- Building Type: Multi Dwellings
Property and Assessments
- Documents: Lease Documents
- Photo Count: 7
- Property Condition: Average
- Special Listing Conditions: None
- Disclosures: None
- Foreclosure: No
- Set Backs: C&C
- Supplement Count: 0
- TMK Area: 191
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 6
- TMKPLAT: 21
- TMK Section: 1
- TMK Zone: 9
Utilities
- Utilities: Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone
- Sewer: Connected
- Utilities Meters: Electric, Water
Interior and Exterior Features
Exterior Features
- Amenities: None
- Construction Materials: Hollow Tile, Single Wall, Wood Frame
- Easements: None
- Recreation Facilities: None
- Roof: Wood Shake
Interior Features
- Laundry Facilities: None
Multi Family
Multi-Family Information
- Commercial Spaces Number Of: 2
- Studio Units Number Of: 1
- Unit One Number Of Bed: 0
- Unit Three Number Of Bed: 2
- Unit Two Number Of Bed: 1
- Number Of Units Total: 6
Income & Expenses
- Total Annual Operating Expenses: $15,000.00
- Total Income: $115,182.00
- Expenses Include: Property Tax
- Net Operating Income: $100,182.00
- Other Income: $.00
Agent
Sale and Listing
- DOM: 3
- Listing Service: Full Service
- MLS: HI Central
- MLS Area Major: Ewaplain
- Status: Active
- Public Remarks: Great income earning opportunity in Ewa Beach on Old Ft. Weaver Rd. Property is zoned R-5 but grandfathered for commercial use so you benefit from huge savings on property taxes. Property consists of auto detailing, barber shop, and tattoo shop, 2 3/1 units, 1 2/1 unit, and a studio with no kitchen/wet bar. Monthly gross income is $9,598/month and expenses are approximately $1,250/month. Most of the rents are under market value because of long term relationships and both commercial and residential rents can be dramatically increased. Or be an owner user and utilize this property for your own business. Ample parking all along Old Ft. Weaver Rd. The possibilities are endless and your options are wide open.
- Possession: At Closing
Showing and Remarks
- Showing Instructions: Call Listor
Rental
Rent Information
- Tenants Responsibilities Include: Cable TV, Electricity
- Total Actual Rent: $9,598.50
Property History for 91-2078 Fort Weaver Road
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 91-2078 Fort Weaver Road
Taxable ValueLand$732,700Additions$231,500Total$964,200
Tax Record2023$6,683 ($557 / month)
Home Facts
Baths2Total Finished SqFt2,292 SqFtAbove Grade Finished SqFt2,292 SqFtStories1Lot Size8,088 SqFtStyleService StationYear Built1943ZoningR-5CountyHONOLULUAPN1-9-1-021-006
Schools near 91-2078 Fort Weaver Road
This home is within Hawaii Department Of Education.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Charter - | K to 12 |
Rating | School | Distance |
|---|---|---|
Ewa Elementary School PublicPK to 5 | ||
Ewa Makai Middle School Public6 to 8 | ||
James Campbell High School Public9 to 12 | ||
Hawaii Technology Academy CharterK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Ivy K Realty, LLC, Marc T Kumai, License #RB-18403