Homes for sale - 331 & 333 Hobron LN, Honolulu, HI 96815

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Listed by Standard Management LLC

$ 2,700,000

Est. payment -/mo

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Active

331 & 333 Hobron LN Honolulu, HI 96815

UPDATED:

09/30/2024 08:20 PM

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

Jesse Damron

Agent | License ID: RS-85581 | RB-24007

+1(808) 797-8881