222 Kaiulani Apts Condominium

222 Kaiulani Avenue 202, Honolulu, Oahu 96815 Get Directions

$394,000

 

Bedrooms
2
Full Baths
1
Total SqFt
577
Lot Size Area
10,019 SqFt
Land Tenure
Fee Simple
MLS #
202425986
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Overview

Great cash flow opportunity for investors with an estimated depreciation deduction of $8,500/yr to help offset income tax from rental income! Property is currently tenant occupied at $3,150/month and rental income could be substantially higher if rented short-term. With this unit having undergone an entire renovation from top to bottom with luxury finishes throughout, this fee simple condo is arguably the best value-buy in Waikiki and the unit commands higher than average rents for the area. The condo is located just 1 block from a brand new grocery store (by Foodland) located on the second level of the Lilia Waikiki building on Kuhio Ave. & Kanekapolei St., and 2 blocks from the brand new Target that just opened at the end of October, located in the International Market Place. The condo is also located just minutes away from Waikiki Beach, which features countless water sports and beach activities, shopping, entertainment, dining, and so much more!

Property Details

Building Name
222 Kaiulani Apts
Construction Materials
Above Ground, Concrete, Double Wall
Floor Number
2
Flooring
Hardwood
Furnished
Partial
Neighborhood
Waikiki
Parking Features
Street
Property Type
Residential
Security Features
Key, Keyed Elevator, Video
Living Area SqFt
577
Lanai Open SqFt
30
Total SqFt
577
Status
Active
Unit Features
Bedroom on 1st Level, Even# Unit, Single Level
Year Built
1960
Year Remodeled
2024

Additional Property Info

Disclosures
Licensed Owner, Listor Owner, Pets Allowed (Verify), Property Disclosure Stmt
Days on Market
16
Elementary School
Jefferson
Flood Zone
Zone AE
High School
Kaimuki
Maintenance Expense
$862
Middle/Junior School
Washington
Property Condition
Excellent
Tax Amount
$100
Tax Assessed Value
$345,000
Tax Assessed Value Improvements
$254,400
Tax Assessed Value Land
$90,600
Zoning
X2 - Apartment Precinct

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Listing Courtesy of Paradise Real Estate Brokers Courtesy of Micah S Grafsgaard, Paradise Real Estate Brokers.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2025 by HiCentral MLS, Ltd.

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