Linda McCabe and Erin McCabe with Coldwell Banker Island Properties
Hawaii Condo ManiaMLS: 202408267 $2,700,000
Bedrooms with 0 Baths331 & 333 HOBRON LANE
HONOLULU HI 96815MLS: 202408267
Status: ACTIVE
List Price: $2,700,000
Price per SQFT: $0
Square Footage: 0Bedrooms
0 Baths
Year Built: 1949
Zip Code: 96815
Listing Remarks
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.
Address: 331 & 333 HOBRON LANE HONOLULU HI 96815
Listing Courtesy of STANDARD MANAGEMENT LLC
Condo Mania Agent
Linda McCabe
Coldwell Banker Island Properties
REALTOR®
Phone: 808-225-1048
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: None LISTING CONTRACT DATE: 2024-04-15 AREA: METRO BUILDING AREA TOTAL: 10000 YEAR BUILT: 1949 TAXES: $13,308 CONSTRUCTION: Concrete COMMUNITY FEATURES: None FURNISHED: Partially COOLING: CentralAir LAUNDRY FEATURES: CoinOperated LOT FEATURES: Cleared, InteriorLot, Level PARKING FEATURES: Assigned PROPERTY TYPE: Residential PROPERTY SUB TYPE: MultiFamily NUMBER OF UNITS TOTAL: 18 VIEW: Sunset LISTING AGENT: MICHAEL M OKAMOTO LISTING OFFICE: STANDARD MANAGEMENT LLC LISTING CONTACT: (808) 208-8107
Estimated Monthly Payments
List Price: $2,700,000 20% Down Payment: $540,000 Loan Amount: $2,160,000 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $13,653 Estimate does not include taxes, fees, insurance.
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Property Location: 331 & 333 HOBRON LANE HONOLULU HI 96815
This Listing
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Condo Mania Agent
Erin McCabe
Coldwell Banker Island Properties
Real Estate Associate
Phone: 808.485.9955
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Last Updated: 2024-11-22