424 Walina St #43

Hale Walina
424 Walina St #43
Honolulu, HI 96815

For Sale

Active

List Price

$150,000 (LH)

Property Type:: Condo/Townhouse
Bedrooms:: 0
Full Baths:: 1
Half Baths:: 0

Land Area (sf):: 6,360
Living (sf):: 418
Lanai (sf):: 52
Other (sf):: --

Parking Stalls:: 0 - None, Street

MLS #:: 202406241
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: WAIKIKI
TMK:: 1-2-6-021-019-0014

List Date:: March 12, 2024

REMARKS:

***Investor Alert: Studio Condo in Waikiki's Hale Walina*** Discover investment potential with this well-located studio condo, just a block from the International Marketplace and across from the new Waikiki Market. Originally designed as a one-bedroom unit, it has been smartly converted into an open-plan studio, enhancing its spacious feel and increasing its appeal for long-term tenants. Positioned in the vibrant heart of Waikiki, close to an array of dining, shopping, and beach options, this property is ideally suited for long-term rentals, offering a consistent revenue stream in a high-demand area. Hale Walina's amenities, including a pool and BBQ grill, add to the living experience, making it attractive to potential residents. This condo is available with negotiable furniture, allowing for a quick setup for new tenants. The leasehold expires in September 2034, providing a clear investment timeline. This is an excellent opportunity for investors seeking a steady income property in a prime location. Leasehold Expires 09/2034

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PROPERTY INFORMATION:

Zoning:: X2 - Apartment Precinct
Furnished:: Negotiable

Year Built:: 1965
Year Remodeled:: --

FINANCIAL INFORMATION:

Assd. Val. Land:: $108,600
Assd. Val. Imprv:: $188,100
Assd. Val. Total:: $296,700

Tax Year:: 2024
Monthly Taxes:: $25
Home Exempt.:: $160,000

Maintenance Fees:: $661/mo.
Association Fees:: --/mo.
Other Fees:: --/mo.

Land Tenure: Leasehold
Fee Options: None
Lessor:: AOAO of Hale Walina

Lease Rent:: 410.07/2034
Next Step-Up:: --/--
2nd Step-Up:: --/--

Fee Purchase:: --
Reneg Date:: --
Lease Exp:: --

SCHOOLS:

Elem. School:: Jefferson
Middle School:: Washington
High School:: Kaimuki

OTHER PROPERTY FEATURES:

Frontage:: --
View:: City
Pool:: --
Amenities:: BBQ, Community Laundry, Pool on Property, Resident Manager
Inclusions:: AC Window Unit, Ceiling Fan, Disposal, Microwave, Range/Oven, Refrigerator, Smoke Detector
Security:: Key
Assn. Fee Inclusions:: Cable TV, Electricity, Sewer, Water
Other Fee Inclusions:: Association, Lease Rent

Lot Description:: --
Topography:: --
Number of Stories:: 4-7
Building Style:: Low-Rise 6 or Less Stories
Property Condition:: Average
Construction:: Concrete
Roofing:: --
Floor Covering:: Ceramic Tile, Laminate

Disclosures:: None, See Remarks
Possession:: 45 Days or Less, At Closing
Terms Accept.:: Cash, Conventional
Land Recorded:: Land Court

Exclusions:: --
Easements:: --
Set-Backs:: --

Compensation*:: 2
Compensation Type:: %

* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Thursday, May 2, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Ohana Investment Realty LLC