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Tuesday, August 28, 2012

Cute investment near UH Manoa

When my sister, Stephanie, was in her second year of college in Connecticut, the parents of one of her roommates decided it would be in their best interest to buy a house where the girls could live until graduation. Since university housing was tight, many students were forced to live off campus. So, they figured, why not have an investment at the end of that time, rather than pour money into the rental market?

When I heard about this two-bedroom, one-bathroom condo at University Towers in Moiliili, I thought back to my sister’s college days and remembered the fun they had in that house (and the savings their parents benefited from). This unit would be a terrific investment whether it’s for a student studying at UH Manoa or just a rental property in a convenient location.

“It’s a cute unit,” says realtor Lori-Ann Tsang of Prudential Advantage Realty. “Even though it’s on a lower floor, it’s quite quiet.”

The 685-square-foot unit, which was just listed today, is very clean and was renovated with new ceramic tile flooring and refinished cabinets in the kitchen and bathroom, along with a fresh coat of paint throughout the place.

Sliding shoji doors attractively cordon off the second bedroom for privacy, which is just off the living room.

The maintenance fee is a reasonable $334 a month, which includes sewer and water. There’s a resident manager on the premises, and a keyed elevator for security.

Fuzz factor: Sorry, no pets are allowed.

One uncovered parking stall is included in the price. There two stalls available for guests, plus street parking.

Check it out for yourself at a broker’s open house (it’s open to the public) tomorrow from 9:30 to 11:30 a.m. It will also be open on Sunday, Sept. 2, from 2 to 5 p.m. Click here for details.

Money talk: $295,000 fee simple
Contact: Lori-Ann Tsang, Prudential Advantage Realty, 808-741-8428, loriannt@pruhi.com
Myron Noboru Kiriu, Prudential Advantage Realty, 808-864-9000, myronk@pruhi.com
MLS#: 1209663

Posted on Tuesday, August 28, 2012 in Permalink

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About This Page

Honolulu Real Estate focuses on the Hawaii housing market, condos and homes for sale, Hawaii rentals and general news about real estate in Hawaii. It also includes stories on apartment living, home decor and profiles.
 


Melissa Chang graduated from the University of Hawaii with a degree in journalism and has been blogging since 2007, mostly on food and travel. She works primarily in social media, so you can find her online @Melissa808 on Twitter and Instagram.


 


Jaymes Song is a real estate agent at Prudential Advantage Realty in Kahala. Jaymes is in the top 7 percent of Prudential agents nationwide. Previously, Jaymes was at The Orange County Register, Honolulu Star-Bulletin and rose through the ranks to overseeing news and operations for AP in Hawaii and the Pacific Rim. Jaymes lives in the Portlock area and loves his real full-time job of being dad to two curious kids.


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