Currently the best value fully remodeled 2 bedroom in Waikiki! 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, however, rental income could be higher if rented short-term on a monthly basis. Current tenant's lease ends May 31st. The condo is located only a few minutes away from Waikiki Beach, one block from the new Foodland grocery store and two blocks from Target. Property was fully renovated from top to bottom in 2024 and was furnished with high quality finishes like engineered hardwood flooring, quartz countertops, new electric, plumbing and cabinets. Appliances include refrigerator with ice maker, dishwasher, range with range hood and microwave and washer/driver combo unit - all brand new as of 2024. Parking is available for rent on a monthly basis in the building next door. Please reach out directly to schedule your showing today.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
- Bedroom on Main Level
- Furnished Description: Partially
- Flooring: Hardwood
Land Info
- Lot Size Acres: 0.2300046
- Lot Size Square Feet: 10019
Garage and Parking
- Parking Features: On Street
School Information
- Elementary School: Jefferson
- High School: Kaimuki
- Middle School: Washington
Homeowners Association
- Association Fee Frequency: Monthly
- Association Fee 2 Frequency: Monthly
- Association Fee Includes: Cable TV, Hot Water, Internet, Sewer, Water
- Maintenance Expense: 1013
- Pets Allowed: Call
Other Property Info
- Annual Tax Amount: 1143.48
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Inclusions: AC Window Unit, Ceiling Fan, Dishwasher, Disposal, Dryer, Microwave Hood, Microwave, Range/Oven, Refrigerator, Washer
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: WAIKIKI
- Parcel Number: 1-2-6-021-004-0002
- Postal City: Honolulu
- Subdivision: WAIKIKI
- Zoning Description: X2 - Apartment Precinct
- Property Subtype: Condominium
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 577
- Year Built: 1960
- Building Area Total: 607
- Building Name: 222 Kaiulani Apts
- Construction Materials: Double Wall, Concrete
- Entry Level: 2
- Levels: Three Or More, One
- Property Age: 65
- Property Condition: Excellent, Updated/Remodeled
- House Style: Low Rise
- Total Area Sqft: 607
- Year Built Effective: 2024
- Architectural Style: Low Rise
Home Features
- Security Features: Closed Circuit Camera(s), Elevator Secured, Key Card Entry