REMARKS:
Fee simple, 12-unit apartment building with 6 parking stalls and coin operated laundry on-site. All tenants on month-to-month leases at an average rent of $1, 250, which is low for a nice, one bedroom unit in Waikiki. This prime building recently returned to the ground lessor. Take a look at the photos of each pleasant unit to see the condition – they are all 1 bedroom / 1 bathroom units. The entire property is secured around the perimeter with a gate and there is a separate, gated-off strip of land in the back which could become a garden, outdoor common area, or bark park for pets. This property offers significant value-add opportunities. By adjusting rents to market rates, investors can maximize returns and enhance the property’s overall value.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Tuesday, March 25, 2025. Information is deemed
reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd. Listing courtesy of Standard Management LLC