254 Kaiulani Avenue, Honolulu, HI 96815
sale
$4,900,000
|
Other
Courtesy Of Locations LLC
Rarely available apartment building in Waikiki, offering strong income potential and long-term value in one of Honolulu's most desirable rental markets. Current rents are below market, creating excellent upside potential. This well-maintained solid hollow-tile structure features a classic tiled exterior and covered parking. Each unit is individually metered for electricity with a shared water meter. All residences offer generous interior space with private lanais or patios. The property consists of one expansive 3-bedroom, 2-bath penthouse and fourteen 1-bedroom units. Interior upgrades have been completed throughout, including durable high-quality tile flooring, updated kitchens, modernized bathrooms, and newly refurbished railings. Additional monthly revenue is generated from leased coin-operated laundry machines and parking income. Pro forma rental income analysis is available. In 2025, the entire property underwent a plumbing inspection and repair process.
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Property Features
- Age: Over 50 Years Old
- Amenities: Wired
- Exterior Type: Block
- Exterior Type: Brick
- Exterior Type: Concrete
- Floors: 3
- MLSID: 202603569
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