Open House
Waikiki Skyliner 2415 Ala Wai Blvd 1804, Honolulu
$461,500 - 2 Beds, 1.00 Baths, 845 Sf
MLS® # 202401331
2 Beds
2 Baths
944 Sqft
$0 Monthly
Condominium
- Overview 2 Beds, 2 Bath, 944 SQ. Feet, 2.75 Acres
- Listing Type Condo/Townhouse
- Office: Compass
Amazing investment opportunity! This property is not for owner occupants. Owner is selling only the FEE INTEREST. The leasehold interest is owned by a Japanese corporation that consistently pays the current annual lease rent of $10,817 on time. There will be two more lease rent renegotiations, in 2024 and 2034, before the lease expires 10/31/2039. At lease expiration the fee owner will then own the fee simple interest in this 2-bedroom 2-bath unit and can move in, rent, or sell the unit. Recent fee simple 2-bedroom 2-bath units in this community sold between $615,000 and $632,000, and recent rentals have been $3,000 to $3,500 monthly. Great potential for increased lease rent and appreciation in the remaining 15 years of the lease! During those 15 years the fee owner doesn't have to worry about finding tenants or paying for repairs, maintenance/association fees, property taxes, or any assessments because the leasehold owner is responsible for those expenses. There is no access to see the interior of the unit - leasehold owner has no obligation to provide access. The purchase of this unit will need to be cash or high down payment financing.
Essential Information
MLS® #202400403
Price$450,000
Bedrooms2
Bathrooms2.00
Full Baths2
Square Footage944
Acres2.75
Year Built1984
TypeCondo/Townhouse
Land TenureFS - Fee Simple
StyleHigh-Rise 7+ Stories
StatusActive
Community Information
Address 300 Wai Nani Way Apt Ii2412
AreaMetro
SubdivisionWAIKIKI
Building NameLiliuokalani Gardens
Amenities
ViewGarden, Marina/Canal
Has PoolYes
Amenities
BBQ, Club House, Community Laundry, Condo Association Pool, Fire Sprinkler, Meeting Room, Pool, Recreation Area, Resident Manager, Security Guard, Tennis Court, Trash Chute, Walking/Jogging Path, Whirlpool
Features
Bedroom on 1st Level, Central AC, Even# Unit, Full Bath on 1st Floor, Single Level
Parking
Garage, Guest, None, Other, Secured Entry, Street
Interior
Stories21+
Exterior
ExteriorAbove Ground, Concrete
Elevator #4
School Information
ElementaryJefferson
MiddleWashington
HighKaimuki
Additional Information
Date ListedJanuary 15th, 2024
Monthly Lease Fees$901
Lease ExpiresOctober 31st, 2039
Days on Market102
ZoningX2 - Apartment Precinct
Description Land TenureFS - Fee Simple
Listing Details
OfficeCompass
Office Contact(808) 825-4277
Quick Details
This condominium is located at 300 Wai Nani Way Apt Ii2412, , it is currently priced $450,000 . This Condo/Townhouse has 2 Bedrooms and 2.00 Bathrooms, totaling 944 Square feet. Built in 1984, this Condo/Townhouse is Active. Represented by Tom Presler of Compass, Contact Number (808) 222-4054, our team of Realtors can represent you at no additional cost.
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Based on information from the Multiple Listing Service of the HiCentral MLS®, Ltd. active listings last updated on April 27th, 2024 at 6:36am HST. Information is deemed reliable but not guaranteed. Copyright: 2024 by the HiCentral MLS®, Ltd.
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