222 Kaiulani Apts #202 (Waikiki)

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!