2032 Kapiolani Boulevard, Honolulu, HI 96826
- $1,800,000
- List Price
- $1,800,000
- Status
- ACTIVE
- Type
- Multifamily
- MLS#
- 202506283
- Price Change
- ▼ $250,000 1755735452
- Days on Market
- 178
- Land Area
- 5,000
- Year Built
- 1957
- Property Type
- Residential
- Neighborhood
- Moiliili
- Land Tenure
- FS - Fee Simple
Property Description
This eight-unit, two-story walk-up apartment building is ideally located near Kapiolani Blvd and McCully St, offering convenient access to Waikiki, the Kapiolani corridor, public transportation, shopping, and more. Five of the units have been remodeled within the past year, while the remaining three have received partial upgrades. Significant improvements include copper plumbing conversions, ABS drain line upgrades on the second floor, and a silicone-coated roof completed last year. Additionally, each unit is individually metered for electricity, keeping utility costs low. The building is fully occupied, with all leases on a month-to-month basis. Previously, due to maintenance and probate issues, full occupancy was not maintained, but all concerns have been addressed. Since rental income was lower in previous years and full occupancy has only been achieved recently, I have prepared a pro forma analysis outlining projected income, expenses, and net income. This property is a steady income earner with low maintenance and operational costs, is easy to rent, and does not require an on-site manager.
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Additional Information
- Island
- Oahu
- Utilities
- Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
- View
- None
- Elementary School
- Lunalilo
- Middle School
- Washington
- High School
- Kaimuki
- Lot Size
- 5,000
- Construction Materials
- Single Wall, Wood Frame
- Neighborhood
- Moiliili
- Frontage
- Other
- Furnished
- Unfurnished
- Year Built
- 1957
- Sewer
- Connected
- Parking Features
- Assigned
- Lot Features
- Cleared, Other, Level
- Stories
- 2
- Assessed Total
- 1456900
- Water
- Public
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Listing courtesy of Neal Fineman Property Mgmt.
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