Investing In Residential Wahiawa For The Long Term
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A commercial brokerage firm has opened a new office in Wahiawa and has set some goals to upgrade parts of the town especially entry-level, multi-family apartments for its investor clients.
Asian Pacific Investment (API) is headed by broker Ken C. Lee and his wife Jewelz, agent and API property manager. The Mililani couple has been in business in Honolulu since 2004.
Lee, who recently purchased six apartment buildings on Ohai Street and Ohai Place, is determined to make an impact in an area that already has seen some changes via Surfing the Nations.
“We’re trying to change the reputation of the area and work closely with other property owners,” said Lee. “To improve the whole property, we rehabilitate it and uproot problem tenants.” He said he employs a crew of about eight on site to do renovations and make needed repairs.
“The Ohai property was on the market, and there was a lot of interest,” Lee explained. “But its reputation is more deeply rooted than other investors would want.”
Lee also owns apartments on Walker and California avenues and on Mango Street. Besides the “niche market” here, the firm also buys, sells and manages hotels, apartments and condos internationally.
“Our vision is to make a positive difference in the Wahiawa community,” added Glen Miyamoto, API Realtor associate. He also lives in Mililani but calls himself a “Wahiawa boy” from way back. “Every resident should feel proud about the direction the town is heading into.”
API is located at 319 N. Care St., Suite B, across from the police station. For more information, call 450-0300.
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