2032 Kapiolani BLVD Save Request In-Person Tour Request Virtual Tour
Honolulu,HI 96826
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Moiliili
MLS Listing ID 202506283
Year Built 1957
Annual Tax Amount $5,099
Property Sub-Type Multi Family
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.
Four of the units have been remodeled within the past year, while two have received partial upgrades. The other two units need completed renovations. 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.
Location
State HI
County Oahu
Area Metro
Interior
Laundry Coin-operated
Exterior
Parking Features Assigned
Community Features None
Utilities Available Above Ground Utilities,Cable Available,Electricity Available,High Speed Internet Available,Phone Available,Sewer Available,Water Available,Sewer Connected
Waterfront Description Other
View Y/N No
View None
Building
Lot Description Cleared,Other,Level
Dwelling Type Apartment
Sewer Connected
Water Public
Schools
Elementary Schools Lunalilo
Middle Schools Washington
High Schools Kaimuki
Others
Special Listing Condition None