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.
Property Details
Price:
$2,700,000
MLS #:
202408267
Status:
Active
Baths:
0
Address:
331 & 333 Hobron Lane
Type:
Multi Family
Subtype:
Multi-Family
Neighborhood:
WAIKIKI
City:
Honolulu
Listed Date:
Apr 15, 2024
State:
HI
Finished Sq Ft:
10,000
ZIP:
96815
Lot Size:
6,500 sqft / 0.15 acres (approx)
Year Built:
1949
Schools
Elementary School:
Lunalilo
Middle School:
Washington
High School:
Kaimuki
Interior
Furnished
Partial
Laundry Facilities
Coin, Leased Equipment
Exterior
Lot Features
Clear
Parking Features
Assigned
Parking Total
18
Roof
Custom/ Specialty
Utilities
Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Water
View
Sunset
Financial
Map
Contact Us
Mortgage Calculator
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