Listing Image
MLS: 202610118 (Active - For Sale)
 
Asking Price: $1,995,000 FS - Fee Simple
Type: Multi-Family
District: Metro
Address: 708 E Olokele Avenue, Honolulu, HI
Neighborhood: Kapahulu
Land Area: 5,005 SF
Parking: Assigned,Covered,Open
Amenities: A/C
Days on Market: 19
Year Built: 1957
Zoning: 12 - A-2 Medium Density Apartme
Land Recorded: Dual Systems
Property Taxes: $442
Assessed Value: $1,523,400
Assessed Ratio: 130.96%
Listing Courtesy: Hawaii Modern Realty


Highly well-maintained 2-story, 6-unit apartment building ideally located near parks, shopping, and top-rated schools. The exterior of the property is in pristine condition, highlighted by fresh exterior paint and consistent pride of ownership. This investment offers immediate income with strong upside potential. Current rents are below market, and all leases are on a month-to-month basis, providing flexibility for future adjustments and increased returns. Units are well maintained, with an opportunity for a new owner to update and modernize interiors over time to further enhance value. Each unit includes smoke alarms, gas ranges, electric refrigerators, and built-in ironing boards. Kitchens feature stainless steel sinks, ceiling-height cabinetry, and built-in dining tables. Exterior improvements include a renovated 6-stall carport, secure vinyl fencing, coin-operated washer/dryers, tankless water heaters, and ample storage. Photocell and sensor lighting enhance safety and convenience. A compelling opportunity for investors seeking a well-cared-for asset with room to grow.


 
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