331 & 333 Hobron Lane Honolulu, HI 96815
Asking Price: $2,595,000.00
MLS Number: 202008130
TMK: 1-2-6-12-46
Living Space: 10000 / s.f. | 929.02 / m²
$259.50 / s.f. |  $24.11 / m²
Balcony: No
Built: 1949
Parking: 18
Maintenance (HOA) Fees: N/A
Property Tax: $519.00 /month
Est. Mortgage:
Days Listed: 276
Monthly Cost to Own
Maint. Fees: $0.00
Property Tax: $519.00
Lease Rent: $0.00
Est. Mortgage: $5,968.50
Total $ 6,487.50

331 & 333 Hobron Lane Honolulu, HI 96815

More Details
Description: Unique Waikiki Investment Opportunity!! 1 block from Ilikai Harbor & Kaiser's surf break, super close to Ala Moana Center + Beach Park. Solid, all-interiors-renovated 4-story hollow-tile building w/ 18 parking spaces in the heart of Waikiki earning excellent rents. 44 years remaining on the lease which means banks will treat it like Fee Simple. 350' height limit, if you want to redevelop! Buy this 17.58% IRR cash flow for $695,000 in cash + the assumable Fannie Mae mortgage of $1.9M at 4.32% originated in 2016 with a 10 year term providing Buyers with an excellent leverage opportunity. NOI is 17.86% WITH mortgage and LH rent payments! DPP records show 19 units, so possibility to add an extra unit--Buyer to do its own due diligence to confirm. All units separately metered for electricity; gas on property; water charged back to the tenant.
Architectural Style: N/A
Construction Materials: Concrete
Flood Zone: Zone AE
Flooring: N/A
Inclusions: N/A

Contact Us

Call us at 808-391-9771 , or submit a message below.

More Details
Land Tenure: LH - Leasehold
Major Area: Metro
Neighbourhood: WAIKIKI
Parking Total: 18
Market Status: Active
Unit Features: N/A
Unit View: Sunset
Year Built: 1949