300 Wai Nani Way #Apt II2412

Honolulu, HI 96815 View Map $450,000 Schedule a Tour
Beds2
Baths2
Sq.Ft.944
Year1984
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Koa Cassady

Koa Cassady

(808) 777-0588
 
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Status: Active
Property Type:Condo/Townhouse
MLS #:202400403
Sq. Feet:944
On Site:190 Days
Lot Size:119,659 Sq. Ft.
County:Oahu
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.

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$000 Monthly Payment
Loan and interest only.

Detailed Maps

Community Information

Address:300 Wai Nani Way #Apt II2412, Honolulu, HI 96815
Area:Metro
County:Oahu
Neighborhood:Waikiki
Zip Code:96815
Condo Development:Liliuokalani Gardens

School Information

High School:Kaimuki
Middle School:Washington
Elementary School:Jefferson

Architecture

Unit Number:#Apt II2412
Bedrooms: 2
Bathrooms: 2
Year Built:1984
Stories:21+
Style:High-Rise 7+ Stories
Floor Number: 18
Living Sq. Ft.: 944
Total Sq. Ft.: 944
Construction Type: Above Ground, Concrete
Building Num. Floors: 21+
Roof: Road Frontage
Parking: Garage, Guest, Secured Entry, Street

Features / Amenities

Interior Features: AC Central, Cable TV, Dishwasher, Range/Oven, Refrigerator, Smoke Detector
Unit Features: Bedroom on 1st Level, Central AC, Even# Unit, Full Bath on 1st Floor, Single Level
Furnished: Partial
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
Property Condition: Excellent
Security Features: Key, Keyed Elevator, Security Patrol, Video

Property Features

Lot Size: 119,659 Sq. Ft.
Land Tenure: Fee Simple
View: Garden, Marina/Canal
Zoning:X2 - Apartment Precinct

Tax and Financial Info

Tax Year: 2024
Financing Terms: Cash, Conventional
Tax Assessed: $708,400
Tax Assessed Improvements: $516,300
Tax Assessed Land: $192,100
Disclosures: Call Listor, Property Disclosure Stmt, See Remarks
Association Fee Includes: AC Central, Cable TV, Hot Water, Internet Service, Sewer, Water

Schools

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300 Wai Nani Way #Apt II2412 Honolulu,  HI 96815
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300 Wai Nani Way #Apt II2412 Honolulu, HI 96815
 
ASAP
Tue
23
Jul
Wed
24
Jul
Thu
25
Jul
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26
Jul
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27
Jul
Sun
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Jul
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29
Jul
Choose Your Date -- It's Free, Cancel Anytime
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Listing Information Last Updated 7/22/2024
Listing provided courtesy of Compass.
The data relating to real estate for sale on this web site comes in part from the Internet Data Exchange Program. Real estate listings held by IDX Brokerage firms other than Dwell Hawaii are marked with the Internet Data Exchange logo or the Internet Data Exchange thumbnail logo and detailed information about them includes the name of the listing IDX Brokers. This information is provided exclusively for personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

The Broker providing these data believes them to be correct, but advises interested parties to confirm them before relying on them in a purchase decision. Information deemed reliable but is not guaranteed.