222 Kaʻiulani Avenue, Unit 202
Honolulu, HI 96815
$394,000
Price
2
Beds
1
Bath
577 Sq. Ft.
$683 / Sq. Ft.
577
Sq. Ft.
$683
per Sq. Ft.
Description
Great cash flow opportunity for investors with an estimated depreciation deduction of $8,500/yr to help offset 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...Great cash flow opportunity for investors with an estimated depreciation deduction of $8,500/yr to help offset 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 which is located in the International Market Place. The condo is also located just minutes away from Waikiki Beach, which features countless water sports, sun bathing, snorkeling, catamaran rides, surfing, shopping, entertainment, dining, and so much more!
- Listed by Micah S Grafsgaard • License #RB-23305 • Paradise Real Estate Brokers • (808) 990-1201
Property Details for 222 Kaʻiulani Avenue, Unit 202
Architectural Style
Low-Rise 6 or Less Stories
ViewNone
ZoningX2 - Apartment Precinct
NeighbourhoodWAIKIKI
Flood ZoneZone AE
Stories/Levels4-7
Land TenureFS - Fee Simple
LISTING UPDATED: 12/16/2024 01:35 PM
Property Details for 222 Kaʻiulani Avenue, Unit 202
| Status | Active |
|---|---|
| MLS # | 202425986 |
| Days on Market | 36 |
| Taxes | $100 / month |
| HOA Fees | $862 / month |
| Condo/Co-op Fees | - |
| Compass Type | Condo |
| MLS Type | Condo/Townhouse |
| Year Built | 1960 |
| County | Honolulu County |
Building Information for 222 Kaʻiulani Avenue, Unit 202
Building/Complex222 Kaiulani AptsFloor2Stories-Residences-Pet Policy-Year Built1960
Property Information for 222 Kaʻiulani Avenue, Unit 202
Summary
Location and General Information
- City: Honolulu
- County Or Parish: Oahu
- State Or Province: HI
Taxes and HOA Information
- Association Fee 2 Includes: None
- Association Fee Includes: Hot Water, Sewer, Water
- Association Fee Total: $862
- Tax Amount: $100.00
- Tax Assessed Value: $345,000.00
- Tax Assessed Value Improvements: $254,400.00
- Tax Assessed Value Land: $90,600.00
- Tax Excemption Owner Occupancy: 0
- Tax Year: 2024
- Parcel Number: 1-2-6-021-004-0002
- HOA YN: Yes
School Information
- Elementary School: Jefferson
- High School: Kaimuki
- Middle Or Junior School: Washington
Parking
- Parking Additional: 0
- Parking Features: Street
- Parking Total: 0
- Condo Parking Unit: 0
Property
Lot Information
- Building Name: 222 Kaiulani Apts
- Floor Number: 2
- Property Type: Condo/Townhouse
- Remodelled: Full
- Open Other Spaces Total: 30.0
- SQFT Roofed Living: 577.0
- Sqft Total: 607.0
- Land Recorded: Land Court
- Lot Size Area: 10019.0
- Year Built: 1960
- Year Remodeled: 2024
Property and Assessments
- Appliances: AC Window Unit, Ceiling Fan, Dishwasher, Disposal, Dryer, Microwave Hood, Microwave, Range/Oven, Refrigerator, Washer
- Photo Count: 18
- New Development Construction: No
- Property Condition: Excellent
- Special Listing Conditions: None
- Disclosures: Licensed Owner, Listor Owner, Pets Allowed (Verify), Property Disclosure Stmt
- Foreclosure: No
- Fractional Ownership: No
- Supplement Count: 0
- TMK Area: 126
- TMK Condo Property Regime Number: 2
- TMK Division: 1
- TMK Parcel: 4
- TMKPLAT: 21
- TMK Section: 6
- TMK Zone: 2
Interior and Exterior Features
Exterior Features
- Amenities: None
- Construction Materials: Above Ground, Concrete, Double Wall
- Elevators Number Of: 1
- Flooring: Hardwood
- Security Features: Key, Keyed Elevator, Video
Interior Features
- Baths Full: 1
- Baths Half: 0
- Baths Total: 1.0
- Beds Total: 2.0
- Furnished: Partial
- Room Count: 0
Multi Family
Multi-Family Information
- Unit Features: Bedroom on 1st Level, Even# Unit, Single Level
- Unit Number: 202
Income & Expenses
- Maintenance Fee Amount: $862.00
Agent
Sale and Listing
- DOM: 35
- Immoviewer: No
- Listing Service: Full Service
- Management Company Name: Dynamic Property Management
- Management Company Phone: 808-735-6400
- MLS: HI Central
- MLS Area Major: Metro
- Status: Active
- Public Remarks: Great cash flow opportunity for investors with an estimated depreciation deduction of $8,500/yr to help offset 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 which is located in the International Market Place. The condo is also located just minutes away from Waikiki Beach, which features countless water sports, sun bathing, snorkeling, catamaran rides, surfing, shopping, entertainment, dining, and so much more!
- Possession: At Closing
Showing and Remarks
- Showing Instructions: <8 Hrs Notice Reqd, Use ShowingTime
Rental
Rent Information
- Occupant Type: Tenant
Property History for 222 Kaʻiulani Avenue, Unit 202
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 222 Kaʻiulani Avenue, Unit 202
Taxable ValueLand$90,600Additions$254,400Total$345,000
Tax Record2023$1,104 ($92 / month)
Home Facts
Beds2Baths1Total Finished SqFt577 SqFtAbove Grade Finished SqFt577 SqFtStories1StyleCondominiumYear Built1960ZoningAPT PRECINCTCountyHONOLULUAPN1-2-6-021-004-0002
Schools near 222 Kaʻiulani Avenue, Unit 202
This home is within Hawaii Department Of Education.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 5 | |||
| Public - | 6 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | PK to 12 |
Rating | School | Distance |
|---|---|---|
President Thomas Jefferson Elementary School PublicPK to 5 | ||
President George Washington Middle School Public6 to 8 | ||
Kaimuki High School Public9 to 12 | ||
Hawaii School For The Deaf And Blind PublicPK to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Paradise Real Estate Brokers, Micah S Grafsgaard, License #RB-23305