331 & 333 Hobron Lane, Honolulu, HI 96815
- $2,700,000
- List Price
- $2,700,000
- Status
- ACTIVE
- Type
- Multifamily
- MLS#
- 202408267
- Days on Market
- 14
- Land Area
- 6,500
- Year Built
- 1949
- Year Remodeled
- 1990
- Neighborhood
- Waikiki
- Land Tenure
- LH - Leasehold
Property Description
INCREDIBLE CASHFLOW OPPORTUNITY IN WAIKIKI priced at only $150,000 per unit. 18 solid concrete renovated units with 18 parking stalls on a total of 12,914 SF of land in world-famous Waikiki. The property has no trouble staying rented, and Waikiki typically has higher rent appreciation than other neighborhoods due to the year-round global demand. This property is leasehold with 40 years remaining on the ground lease and 15 years of known rent, making it financeable and eligible for a 1031 exchange. Ideal for a buyer looking to achieve a great return on their money for at least the next 40 years. Separately metered for electricity and tenants are billed back for water.
/u.realgeeks.media/hawaiipropertiesonline/logo-footer.png){kind=logo}
Additional Information
- Island
- Oahu
- Stories Type
- 4-7
- Utilities
- Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Water
- View
- Sunset
- Easements
- Sewer
- Parking Total
- 18
- Tenants Responsibilities Include
- Electricity, Parking, Water
- Sqft Building
- 10000
- Elementary School
- Lunalilo
- Middle School
- Washington
- High School
- Kaimuki
- Lot Size
- 6,500
- Unit One Bed Number Of
- 13
- Construction Materials
- Concrete
- Mls Area Major
- Metro
- Neighborhood
- Waikiki
- Studio Units Number Of
- 2
- Frontage
- Other
- Furnished
- Partial
- Year Built
- 1949
- Year Remodeled
- 1990
- Tax Amount
- $1,109
- Total Income
- 499350
- Sewer
- Connected
- Unit Two Bed Number Of
- 3
- Roof
- Custom/Specialty
- Recreation Facilities
- None
- Parking Features
- Assigned
- Lot Features
- Clear
- Amenities
- A/C, Secured Lobby
- Total Annual Operating Expenses
- 126637
- Lease Fee Month
- 11008
- Lease Expiration Date
- 1964-12-31
- Assessed Total
- 6075800
- Assessed Improvement
- 1597800
- Assessed Land
- 4478000
- Zoning
- X2 - Apartment Precinct
Mortgage Calculator
Listing courtesy of Standard Management LLC.
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Contact: (808) 208-8107