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Unit# Apt II2412 in Liliuokalani Gardens
300 Wai Nani - Waikiki - East
MLS#: 202400403
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$450,000
Fee Simple
Original List Price: $450,000
Days On Market: 107
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| Bedrooms: |
2
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Living Area: |
944 SF
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Parking: |
NA |
| Baths: |
2 Full
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Lanai: |
Not Available
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| Condition: |
Excellent
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Total SF: |
944 SF
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View: |
Garden, Marina/Canal
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Listing Agent Remarks:
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 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. ~
compass
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| Property Taxes: |
$0 per month [Tax Info] |
| Lease Rent: |
$901.42 per month |
| Maintenance Fees: |
$0 per month |
| Maintenance Fee pays for: AC Central, Cable TV, Hot Water, Internet Service, Sewer, Water, None |
| Maint. Fee/Interior SF: $0.00/sf |
Maint. Fee/Total SF: $0.00/sf |
Flooring: Other
Unit Features: Bedroom on 1st Level, Central AC, Even# Unit, Full Bath on 1st Floor, Single Level
Furnished: Partial
Disclosures: Call Listor, Property Disclosure Statement, See Remarks - Attribution Contact (808) 825-4277
Parking Features: 0 stall(s), None, Garage, Guest Stalls Available, Other, Secured Entry, Street Parking available
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Our specialty is helping buyers find the right condo in Honolulu, Downtown to Diamond Head, and representing their best interests.
This is not our listing and we do not represent the sellers of this property.
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