331 & 333 Hobron LN Active Save Request In-Person Tour Request Virtual Tour
Honolulu,HI 96815
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Waikiki
MLS Listing ID 202408267
Construction Status Excellent,Good Condition
Year Built 1949
Annual Tax Amount $13,308
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.
Location
State HI
County Oahu
Area Metro
Interior
Cooling Central Air
Furnishings Partially
Fireplace No
Laundry Coin-operated
Exterior
Parking Features Assigned
Community Features None
Utilities Available Above Ground Utilities,Cable Available,Electricity Available,Natural Gas Available,High Speed Internet Available,Sewer Available,Water Available,Sewer Connected
View Y/N Yes
View Sunset
Total Parking Spaces 18
Building
Lot Description Cleared,Interior Lot,Level
Dwelling Type Apartment,Multi Family
Entry Level Three Or More
Sewer Connected
Water Public
Level or Stories Three Or More
Construction Status Excellent,Good Condition
Schools
Elementary Schools Lunalilo
Middle Schools Washington
High Schools Kaimuki
Others
Tax ID 1-2-6-012-046-0000
Security Features Lobby Secured
Special Listing Condition None