708 E Olokele Avenue, Honolulu, HI 96816

$1,995,000

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List Price
$1,995,000
Status
ACTIVE UNDER CONTRACT
Days on Market
78
MLS#
202610118
Subtype
Residential
Year Built
1957
Lot Size
5,005
Subdivision
Kapahulu
Neighborhood
Kapahulu
MLS Area Major
Metro
Land Tenure
FS - Fee Simple

Property Description

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.

Additional Information

Taxes
$5,303
Air Conditioning
Central Air
Stories
2
Levels
Two
Parking Features
Assigned, Covered, Open
Elementary School
Ala Wai
High School
Kaimuki
View
None

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Calculator source: Real Geeks

Listing courtesy of Listing Agent: Corinda S Wong (corinda@teamwonghawaii.com) from Listing Office: Hawaii Modern Realty.

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