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.

Christina Low Dwight RB-20978 Principal BrokerMobile: 808.429.1098

Office: 808.596.2066

E-mail: ChristinaLow@mac.com

www.CommercialInvestmentStrategies.com

126 Queen St. #309, Honolulu, HI 96813

AVAILABLE.5,479 sf of A1 zoned land7 units: 2 three bedroom units, 4 two bedroom units, 1 one bedroom unit.

CASH COW in Super Convenient Area.

Where else will you find a 5.81% cap rate so close to downtown? Two buildings, all with upgraded interiors: new laminate flooring, appliances, paint, & 4 new kitchens; new copper supply lines & copper drain lines in many areas; upgraded sump pumps w/ new electrical panel & 220v grinder system. Back building (hollow tile and wood) has 3 twos & 1 one w/ separate electrical meters. Front building has one meter with 2 threes & 1 two.

1641 Stillman Lane

Honolulu, HI 96817

Fee Simple

$1,850,000

TMK: 1-1-7-019-026

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Listings Full 1-1-7-019-026-0000 1641 Stillman Ln, Honolulu 96817

MLS#: 201709077 Region: Metro Bldg Nm:Status: Active Nghbrhd:KUAKINILnd Tenure: FS - Fee Simple Fee Options:Listing Service: Full Service

LP: $1,850,000OLP: $1,850,000

General Information DOM: 7Prop Type: Multi-Family CDOM: 7Prop Frnt: Stream/Canal Furnished: PartialProp Cond: Average Year Built: 1956# Stories: Two, Three Rmld Year: 2006Bldg Type: Apartments, Multi DwellingsEasements: SewerIncome Information Unit InformationMonthly Rent: $12,035 Ttl Park: 5 # Studio: 0Other Inc: $1,560 Bldg Sqft: 4,060 # 1 Bd: 1Ttl Ann Inc: $136,380Ttl Sqft: 4,060 # 2 Bd: 4Ann Oper Exp: $37,847 Land Sqft: 5,479 # 3+ Bd: 2Net Oper Inc: $98,532 Lot Acres: .126 # Comm:

# Ttl Units: 7Exp Includes: Excise Tax, Insurance, Other, Property Tax, Repair

Maintenance, Sewer FeeTenant Pays: Electricity

Recent: 05/01/2017 : NEW

Listing Date: 05/01/17 ACS Date: Tmp Wth Date: Exp Date: 05/01/18Listing Svc: Full Service

Possession: At Closing, Subject To Tenancy Lock Box: NoList Type: Exclusive AgencyAgent: Christina L Dwight(R) Agent Mbr #: 26009 Agent Ph: (808) 429-1098Ag Email: CIS@ChristinaDwight.comLicense #: RB-20978 Corp Office Lic #: RB-21019Office: Commercial Inv. Strategies Office Mbr #: CISC Office Ph: (808) 429-1098Comp Sub To: Method: if listor finds buyer 5%Off Fax Ph:Dual Var Rate: Yes GE Tax Paid-Seller:Yes Comp: 2.5%

View: Other Lnd Recorded: Regular SystemZoning: 11 - A-1 Low Density Apartment Flood Zone: Zone AE Sewer: ConnectedLocation: Inside Topography: Down SlopeLot Desc: Clear Set Backs: None

Pub Rmks: Cash cow in super convenient area. Where else will you find a 5.81% cap rate so close to downtown? 2 buildings, upgraded interiors, 2005 renovation (new laminate floors, paint, appliances, 4 new kitchens, copper supply lines & copper drain lines in many areas. Back building (hollow tile and wood) has 3 twos and 1 one with separate electrical meters. Front building is one meter with 2 threes and 1 two. Recorded encroachment agreement.

Agent Rmks: DO NOT WALK ON PROPERTY/KNOCK ON DOORS/DISTURB TENANTS IN ANY WAY. Call/email my assistant, Stephanie, for marketing packet at 808-321-0339 / Stephanie@commercialinvestmentstrategies.com. Please use commercial PSA for all offers, seller prefers First American Title, Jill Kauka. Prelim contains recorded encroachment agreement.

Documents: Lease Documents, P&L, Survey, Title SearchShow Inst: Appointment Only, Call Assistant, Listor Must Be PresentDisclosures: 1031 Exchange, Non Resident Owner

# Elevators: Meters: Electric, Gas, Individual, WaterRoof: Composition Construction: Hollow Tile, Wood FrameLaundry Fac: Coin, Dryer, Washer Guest Parking: NoneParking: AssignedRec Facilities: NoneAmenities: NoneUtilities: Cable, Gas, Internet, Public Water, Sewer Fee, Telephone, Water

TMK: 1-1-7-019-026-0000Taxes/Mnthly: $284 Tax Assess Imp:$171,100 Terms Acceptable: Cash, Conventional, ExchangeTax Year: 2017 Tax Assess Lnd: $789,200 Spcl Sales Cond: None

Tax Assess Tot: $960,300

Click on the arrow to view Additional Photos

Aerial main Back Side of property aerial Parking Back Building

Listing/Agent/Office Information

Additional Listing Information

Remarks

Features

Tax & Financial Information

Back Building Covered Lanai Laundry Area Mail Boxes Water Heater 1

Water Heater 2 Back Building Meters Abutting Stream Kitchen #1

Kitchen #2 Living Room/Kitchen Living Room/Kitchen- B Living Room/Kitchen-C

Kitchen-A Hallway Bedroom-2A Bedroom-2B

Bedroom-A Bedroom Bedroom-B Bathroom

Bathroom-B

©2014 HiCentral MLS, Ltd.®. All rights reserved. Information herein deemed reliable but not guaranteed. Generated on 05/08/2017 10:36:01 AM

©2017 HiCentral MLS, Ltd.®. All rights reserved. Information herein deemed reliable but not guaranteed.

Rent Roll, 1641 Stillman Lane

Unit Rent Deposit Term Began Term Ends

FRONT BUILDING

1 (three bedroom unit

$750.00 $750.00 9/1/16 8/31/17 *3 separate leasesfor this unit

1 (three bedroom unit

$750.00 $750.00 6/1/16 5/31/17

1 (three bedroom unit

$750.00 $750.00 3/11/17 3/31/18

2 (three bedroom unit)

$775.00 $775.00 8/28/16 8/31/17 *2 separate leasesfor this unit, 1 roomvacant

2 (three bedroom unit)

$775.00 $775.00 9/1/16 8/31/17

2 (three bedroom unit)

$0.00 vacant vacant

3, two bedroom unit $1,675.00 $1,675.00 5/21/16 5/31/17

BACK BUILDING

A, two bedroom unit $1,600.00 $1,435.00 6/1/15 MTM *sep meter, paysown electric, pays$800 every 2 weeks

B, two bedroom unit $1,460.00 $1,435.00 9/1/16 8/31/17 *sep meter, paysown electric

C, two bedroom unit $1,445.00 vacant vacant *sep meter, paysown electric

D, one bedroom unit

$1,255.00 $1,075.00 5/1/14 MTM *sep meter, paysown electric

$11,235.00 $9,420.00

Prepared by:

Christina Low Dwight Broker-Owner, RB-29078Seller Representative Specialist (SRS), Senior Real Estate Specialist (SRES)

Commercial Investment Strategies, LLC www.CommercialInvestmentStrategies.com 126 Queen Street #309, Honolulu, HI 96813 ChristinaLow@mac.com (808) 429-1098

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Income/Expenses

Laundry $1,560.00

Gross Rental Income $136,380.00 $11,365.00

Expenses (actual, 2016)

Electric $3,196.21Water $7,169.81Gas $919.25GET (based on gross) $6,137.10Insurance $5,390.00RPT (2016 rate) $3,410.75Repairs/Maintenance $11,624.59

Gross Expenses $37,847.71

Net Operating Income $98,532.29

Asking Price $1,850,000.00

Cap Rate Return 5.33%

Prepared by:

Christina Low Dwight Broker-Owner, RB-29078Seller Representative Specialist (SRS), Senior Real Estate Specialist (SRES)

Commercial Investment Strategies, LLC www.CommercialInvestmentStrategies.com 126 Queen Street #309, Honolulu, HI 96813 ChristinaLow@mac.com (808) 429-1098

1641 Stillman Lane Income/Expenses

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Address Assessed Value Land

Assessed Value Bldg

Total Assessed

Sales Price

SF Land SF Bldg Gross Income

Operating Expenses

NOI CAP rate return

Zoning #Units # Parking Notes

341 Puuhue Pl $648,100 $171,600 $819,700 $800,000 4202 2000 $52,200 $13,800 $38,400 4.80% A1 2 ones, 2 twos

5 *Landlockedproperty

1623 Frog Lane $446,000 $268,600 $714,600 $830,000 2075 1820 $52,800 $16,887 $35,913 4.33% A1 2 ones, 1 three

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215 Puuhue $693,900 $154,700 $848,600 $850,000 4302 1640 $42,000 $9,684 $32,316 3.80% A1 4 ones, 1 two

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1643 Liliha St. #A $503,600 $167,200 $670,800 $1,050,000 2996 1870 $54,360 $16,308 $38,052 3.62% B-2 5 ones 3

1651 Frog Lane $1,385,100 $836,900 $2,222,000 $3,700,000 10248 8236 $200,940 $89,982 $110,958 3.00% A1 13 twos, 2 threes

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Subject Property Assessed Value Land

Assessed Value Bldg

Total Assessed

Sales Price

SF Land SF Bldg Gross Income

Operating Expenses

NOI CAP rate return

Zoning #Units # Parking Notes

1641 Stillman Lane $789,200 $171,100 $960,300 $1,850,000 5479 4060 $136,380 $37,847 $98,533 5.33% A1 2 threes, 4 twos, 1 one

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Prepared by:

Christina Low Dwight Broker-Owner, RB-29078Seller Representative Specialist (SRS), Senior Real Estate Specialist (SRES)

Commercial Investment Strategies, LLC www.CommercialInvestmentStrategies.com 126 Queen Street #309, Honolulu, HI 96813 ChristinaLow@mac.com(808) 429-1098

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Multi-Family Client Summary1-1-7-018-067-0000 341 Puuhue Pl, Honolulu 96817

Lnd Tenure: FS - Fee Simple Status: S Sold Price: $800,000MLS#: 201513412 List Dt: 08/10/15 List Price: $895,000Nghbrhd: KUAKINI #1 Bd: 2 #2 Bd: 2 Tax Monthly: $205Prop Cond: Average #3+ Bd: 0 # Studio: 0 Tax Yr: 2014Stories: One, Two #Comm: # Ttl Units: 4 Tax Assess Imp: $163,100Furnish: Bldg Sqft: Tax Assess Lnd: $616,200Flood Zone: Zone X Ttl Sqft: Year Built: 1949Bldg Type: Multi Dwellings DOM: 87Zoning: 11 - A-1 Low Density Apartment Land Sqft: 4,202View: NoneParking: OpenOffice: CENTURY 21 Homefinders of HICorp Office Lic #: RB-16782

Pub Rmks: Listing includes 2 one bedroom 1 bath in a wood frame bldg. built in 1949 and 2two bedrooms 1 bath in a 2 story hollow tile bldg. built in 1963. 4 electric meters,all units rented. Foodland & McDonald's conveniently located next door.

1-1-7-019-043-0001 1623 Frog Ln, Honolulu 96817

Lnd Tenure: FS - Fee Simple Status: S Sold Price: $830,000MLS#: 201521280 List Dt: 11/20/15 List Price: $880,000Nghbrhd: KUAKINI #1 Bd: 2 #2 Bd: 0 Tax Monthly: $238Prop Cond: Above Average #3+ Bd: 1 # Studio: 0 Tax Yr: 2015Stories: Two #Comm: 0 # Ttl Units: 3 Tax Assess Imp: $259,000Furnish: Partial Bldg Sqft: 1,820 Tax Assess Lnd: $361,300Flood Zone: Zone X Ttl Sqft: 1,820 Year Built: 1963Bldg Type: Apartments DOM: 158Zoning: 11 - A-1 Low Density Apartment Land Sqft: 2,075View: NoneParking: Assigned, OpenOffice: The Realty Company, Ltd.Corp Office Lic #: RB-15919

Pub Rmks: Hollow tile wall construction 2 story walk-up apartment building. Recentlyrenovated inside of all units with granite tile floor throughout, granitecountertop/cherry wood cabinets in kitchen, and renovated bath. Upstairs: (1)3BR/1.5BA/2PKG - $2,000/mo., Downstairs: (2) 1BR/1BA/1PKG - $1,200/mo.each. Rents and Financial information are projected. Electric and gas separatelymetered and paid by tenants. Square footage and room/bath differ from TaxAssessor's record.

1-1-7-019-036-0000 215 Puuhue Pl, Honolulu 96817

Lnd Tenure: FS - Fee Simple Status: S Sold Price: $850,000MLS#: 201627053 List Dt: 10/30/16 List Price: $850,000Nghbrhd: KUAKINI #1 Bd: 4 #2 Bd: 1 Tax Monthly: $195Prop Cond: Excellent #3+ Bd: 0 # Studio: 0 Tax Yr: 2016Stories: Two #Comm: # Ttl Units: 5 Tax Assess Imp: $156,600Furnish: Bldg Sqft: Tax Assess Lnd: $693,900Flood Zone: Zone X Ttl Sqft: Year Built: 1948Bldg Type: Apartments DOM: 0Zoning: 11 - A-1 Low Density Apartment Land Sqft: 4,302View: NoneParking: AssignedOffice: Commercial Inv. StrategiesCorp Office Lic #: RB-21019

Pub Rmks: Sold before listed.

1-1-7-018-035-0000 1643 Liliha St #A, Honolulu 96817

Lnd Tenure: FS - Fee Simple Status: S Sold Price: $1,050,000MLS#: 201517186 List Dt: 09/15/15 List Price: $1,100,000Nghbrhd: KUAKINI #1 Bd: 5 #2 Bd: 0 Tax Monthly: $517Prop Cond: Average #3+ Bd: 0 # Studio: 0 Tax Yr: 2015Stories: Two #Comm: 0 # Ttl Units: 5 Tax Assess Imp: $199,400Furnish: Partial Bldg Sqft: Tax Assess Lnd: $382,000Flood Zone: Zone X Ttl Sqft: Year Built: 1961Bldg Type: Apartments DOM: 32Zoning: 32 - B-2 Community Business Dis Land Sqft: 2,996View: NoneParking: AssignedOffice: Asato Realty Inc.Corp Office Lic #: RB-15323

Pub Rmks: Conveniently located near bus lines, markets, schools, restaurants, and easy accessto freeway. Two story hollow tile apartment building. Most tenants have been therea number of years. Rent is below market rent for the area. Tucked away in smalllane off of Liliha Street.

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1-1-7-019-016-0000 1651 Frog Ln, Honolulu 96817

Lnd Tenure: FS - Fee Simple Status: S Sold Price: $3,700,000MLS#: 201611177 List Dt: 05/18/16 List Price: $3,950,000Nghbrhd: KUAKINI #1 Bd: 0 #2 Bd: 13 Tax Monthly: $731Prop Cond: Average #3+ Bd: 2 # Studio: 0 Tax Yr: 2015Stories: Three #Comm: 0 # Ttl Units: 15 Tax Assess Imp: $910,100Furnish: Partial Bldg Sqft: 12,354 Tax Assess Lnd: $1,594,700Flood Zone: Zone X Ttl Sqft: 12,354 Year Built: 1969Bldg Type: Apartments DOM: 83Zoning: 11 - A-1 Low Density Apartment Land Sqft: 10,248View: NoneParking: Assigned, Covered, OpenOffice: iProperties Hawaii, LLCCorp Office Lic #: RB-21275

Pub Rmks: Great location, 3 story walk up hollow tile building, excellent location, next toKuakini Hospital, minutes from downtown, dead end street, one for one parking,community laundry, 13 two bedroom, 2 three bedroom units. Rarely availableincome property for sale in a convenient location. To be sold "as is".

©2017 HiCentral MLS, Ltd.®. All rights reserved. Information herein deemed reliable but not guaranteed.

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