Linda McCabe and Erin McCabe with Coldwell Banker Island Properties - 808-225-1048
Hawaii Condo ManiaMLS: 202506283 $2,600,000
Bedrooms with 0 Baths2032 KAPIOLANI BOULEVARD
HONOLULU HI 96826MLS: 202506283
Status: ACTIVE
List Price: $2,600,000
Price per SQFT: $0
Square Footage: 0Bedrooms
0 Baths
Year Built: 1957
Zip Code: 96826
Listing Remarks
This eight-unit, two-story walk-up apartment building is ideally located near Kapiolani Blvd and McCully St, offering convenient access to Waikiki, the Kapiolani corridor, public transportation, shopping, and more. Five of the units have been remodeled within the past year, while the remaining three have received partial upgrades. Significant improvements include copper plumbing conversions, ABS drain line upgrades on the second floor, and a silicone-coated roof completed last year. Additionally, each unit is individually metered for electricity, keeping utility costs low. The building is fully occupied, with all leases on a month-to-month basis. Previously, due to maintenance issues, full occupancy was not maintained, but all concerns have been addressed. Since rental income was lower in previous years and full occupancy has only been achieved in the last six months, I have prepared a pro forma analysis outlining projected income, expenses, and net income. This property is a steady income earner with low maintenance and operational costs, is easy to rent, and does not require an on-site manager.
Address: 2032 KAPIOLANI BOULEVARD HONOLULU HI 96826
Listing Courtesy of NEAL FINEMAN PROPERTY MGMT
Condo Mania Agent
Linda McCabe
Coldwell Banker Island Properties
REALTOR®
Phone: 808-225-1048
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: None LISTING CONTRACT DATE: 2025-03-05 AREA: METRO BUILDING AREA TOTAL: 3706 YEAR BUILT: 1957 TAXES: $5,099 CONSTRUCTION: SingleWall, WoodFrame COMMUNITY FEATURES: None FURNISHED: Unfurnished LAUNDRY FEATURES: CoinOperated LOT FEATURES: Cleared, Other, Level PARKING FEATURES: Assigned PROPERTY TYPE: Residential PROPERTY SUB TYPE: MultiFamily NUMBER OF UNITS TOTAL: 8 VIEW: None LISTING AGENT: NEAL FINEMAN LISTING OFFICE: NEAL FINEMAN PROPERTY MGMT LISTING CONTACT: (808) 753-3399
Estimated Monthly Payments
List Price: $2,600,000 20% Down Payment: $520,000 Loan Amount: $2,080,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $13,147 Estimate does not include taxes, fees, insurance.
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Property Location: 2032 KAPIOLANI BOULEVARD HONOLULU HI 96826
This Listing
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Condo Mania Agent
Erin McCabe
Coldwell Banker Island Properties
Real Estate Associate
Phone: 808.485.9955
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Last Updated: 2025-03-11