Fee Simple Apartment Building for sale in McCully-Moiliili - 2032 Kapiolani

2032 Kapiolani Blvd is an eight-unit, fee-simple apartment building in Honolulu’s McCully-Moiliili neighborhood, close to Ala Moana Center, Ala Moana Regional Park, and the University of Hawaii at Manoa. Built in 1957, the property is fully leased, with the exception of one unit left vacant for tours, and has received a wide range of recent upgrades, including panel upgrades, grounding, and GFCI installation across all eight units, upgraded kitchens and bathrooms, new flooring, a silicone-coated roof, and upgraded electrical service. With in-place rents below current submarket medians, the offering provides a new owner both stable in-place income and a clear path to rental upside.