13 photos 
300 Wai Nani Way #Apt II2412
Honolulu, HI 96815
$450,000
Monthly mortgage paymentsProperty Type
Condo/Townhouse
Beds
2
Baths
2
Parking
0
Balcony
No
Basic Info
- MLS Number: 202400403
- HOA Fees:
- Maintenance Fees:
- Neighbourhood: WAIKIKI
- TMK: 1-2-6-28-49
- Annual Tax Amount: $0.00/year
Property description
944
119659.00
Amazing investment opportunity! This property is not for owner occupants. Owner is selling only the FEE INTEREST. The leasehold interest is owned by a Japanese corporation that consistently pays the current annual lease rent of $10,817 on time. There will be two more lease rent renegotiations, in 2024 and 2034, before the lease read more expires 10/31/2039. At lease expiration the fee owner will then own the fee simple interest in this 2-bedroom 2-bath unit and can move in, rent, or sell the unit. Recent fee simple 2-bedroom 2-bath units in this community sold between $615,000 and $632,000, and recent rentals have been $3,000 to $3,500 monthly. Great potential for increased lease rent and appreciation in the remaining 15 years of the lease! During those 15 years the fee owner doesn't have to worry about finding tenants or paying for repairs, maintenance/association fees, property taxes, or any assessments because the leasehold owner is responsible for those expenses. There is no access to see the interior of the unit - leasehold owner has no obligation to provide access. The purchase of this unit will need to be cash or high down payment financing.
Construction Materials: Above Ground,Concrete
Flooring: Other
Inclusion
- AC Central
- Cable TV
- Dishwasher
- Range/Oven
- Refrigerator
- Smoke Detector
Honolulu, HI 96815
Mortgage Calculator
$1045 per month
| Architectural Style: | High-Rise 7+ Stories |
| Flood Zone: | Zone AE |
| Land Tenure: | FS - Fee Simple |
| Major Area: | Metro |
| Market Status: | Active |
| Unit Features: | Bedroom on 1st Level,Central AC,Even# Unit,Full Bath on 1st Floor,Single Level |
| Unit View: | Garden,Marina/Canal |
| Amenities: | BBQ,Club House,Community Laundry,Condo Association Pool,Fire Sprinkler,Meeting Room,Pool on Property,Recreation Area,Resident Manager,Security Guard,Tennis Court,Trash Chute,Walking/Jogging Path,Whirlpool |
| Association Community Name: | N/A |
| Easements: | N/A |
| Internet Automated Valuation: | 1 |
| Latitude: | 21.275702 |
| Longitude: | -157.8193126 |
| Listing Service: | Full Service |
| Lot Features: | N/A |
| Lot Size Area: | 119659.00 |
| MLS Area Major: | Metro |
| Parking Features: | None,Garage,Guest,Other,Secured Entry,Street |
| Permit Address Internet: | 1 |
| Pool Features: | N/A |
| Property Condition: | Excellent |
| Property Sub Type: | N/A |
| SQFT Garage Carport: | N/A |
| SQFT Roofed Living: | 944 |
| Stories Type: | 21+ |
| Topography: | N/A |
| Utilities: | N/A |
| View: | Garden,Marina/Canal |
| YearBuilt: | 1984 |
Contact An Agent
1041406