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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 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 in the last six months, 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.
| DAYS ON MARKET | 9 | LAST UPDATED | 3/5/2025 |
|---|---|---|---|
| TRACT | MOILIILI | YEAR BUILT | 1957 |
| COMMUNITY | Metro | COUNTY | Oahu |
| STATUS | Active | PROPERTY TYPE(S) | Multi Family |
| Elementary School | Lunalilo |
|---|---|
| Jr. High School | Washington |
| High School | Kaimuki |
| ADDITIONAL DETAILS | |
| AREA | Metro |
|---|---|
| LOT | 5000 acre(s) |
| LOT DESCRIPTION | Cleared, Level, Other |
| STORIES | 2 |
| SUBDIVISION | MOILIILI |
| TAXES | 5099.04 |
| UTILITIES | Cable Available, Electricity Available, Phone Available, Sewer Available, Water Available, Sewer Connected |
| VIEW DESCRIPTION | None |
| WATER | Public |
| WATERFRONT DESCRIPTION | Other |
| ZONING | 12 - A-2 Medium Density Apartme |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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*Estimate only
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Listed with Neal Fineman Property Mgmt
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 3/14/25 5:52 AM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2025 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
active listings last updated on 3/14/25 5:52 AM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2025 by HiCentral MLS, Ltd.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
This IDX solution is (c) Diverse Solutions 2025.
