Price Improvement! The asking price has been reduced to $7,777,000. This is an excellent opportunity to acquire a centrally located apartment property with significant long-term investment potential. Offered well below replacement cost, this fee simple apartment property presents an exceptional opportunity to acquire a well-located Honolulu multifamily asset with both stable in-place income and meaningful upside. Investors can benefit from lease-up potential, future rent growth, and the possibility of a condominium conversion, with the property having the potential to achieve a 6% cap rate within the first year of ownership. Located outside the FEMA flood zone, the property does not require flood insurance, reducing operating expenses and enhancing long-term returns. Schedule a tour or contact the listing broker for additional information.