REMARKS:

First time on the market for sale. Built to last, all concrete/CMU buildings in very good condition, owned and maintained by one family. Solid income property, currently below market rent with upside potential in one of Honolulu's up and coming mixed business neighborhoods where highest and best use redevelopment is possible. The Wong Lum Apartments are comprised of 2 separate three-story walk-up apartment buildings, consisting of 13-two bedroom units and 12-one bedroom units situated on AMX-2 zoned land totaling approximately 11, 392 square feet. Community coin laundry located on the ground floor at the back of each building. Stable long-term tenant mix, easy to rent, located in a prime business and residential area allowing for convenience to retail establishments, public transportation, schools, hospitals, parks and recreation. This offering presents a unique opportunity for value-add investors and/or developers looking to acquire a strong income producing property for further redevelopment options in the future.

* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Sunday, September 24, 2023.  Information is deemed reliable but not guaranteed.  Copyright: 2023 by HiCentral MLS, Ltd.  Listing courtesy of Honolulu Property Advisors LLC