Hawaiian Monarch
444 Niu St #3506
Honolulu, HI 96815

For Sale
Sold
Sold Price
$339,000 (LH)
List Price
$339,000 (LH)
Property Type:
Condo/Townhouse
Bedrooms:
1
Full Baths:
2
Half Baths:
0
Land Area (sf):
38,463
Living (sf):
532
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
0 - None
Property Photo
MLS #:
202127232
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
WAIKIKI
TMK:
1-2-6-014-032-0094
List Date:
Date Sold:

REMARKS:

A rare and exciting opportunity to own a high floor, long-term Leasehold investment or vacation property in world famous Waikiki. Fee is available and can convert it into a Fee Simple unit. The lease does not expire until 2056. This unit legally allows vacation rentals, short-term rentals and long-term rentals!!! Turn-Key and ready to rent. Currently being rented through Air BnB. The unit is separated into 2 units (A-Unit & B-Unit), with two distinct key cards to allow maximum privacy for separate renters. The Hawaiian Monarch offers great many amenities including, a giant pool deck, exercise room, and community laundry. Bicycle rentals, convenient stores and various eateries on ground level. Walking distance to Waikiki Beach, Ritz Carlton, Ala Moana Shopping Center, Convention Center, and famous Waikiki Strip and amazing nightlife. Buyers to do their own due diligence on short-term and long-term rentals and income.

PROPERTY INFORMATION:

Zoning:
X2 - Apartment Precinct
Furnished:
Full
Year Built:
1979
Year Remodeled:
--

FINANCIAL INFORMATION:

Assd. Val. Land:
$191,600
Assd. Val. Imprv:
$231,100
Assd. Val. Total:
$422,700
Tax Year:
2021
Monthly Taxes:
$123
Home Exempt.:
$0
Maintenance Fees:
$779/mo.
Association Fees:
--/mo.
Other Fees:
--/mo.
Land Tenure
Leasehold
Fee Options
Fee Available
Lessor:
K&F 1984 LLC
Lease Rent:
325.47/2054
Next Step-Up:
--/--
2nd Step-Up:
--/--
Fee Purchase:
$149,902
Reneg Date:
--
Lease Exp:
--

SCHOOLS:

Elem. School:
--
Middle School:
--
High School:
--

OTHER PROPERTY FEATURES:

Frontage:
--
View:
City, Golf Course, Mountain, Ocean
Pool:
--
Amenities:
BBQ, Community Laundry, Exercise Room, Pool on Property, Resident Manager, Restaurant, Security Guard
Inclusions:
AC Window Unit, Disposal, Microwave, Range/Oven, Refrigerator
Security:
Card, Keyed Elevator, Security Patrol
Assn. Fee Inclusions:
Cable TV, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
Other Fee Inclusions:
Lease Rent
Lot Description:
--
Topography:
--
Number of Stories:
One
Building Style:
Condotel, High-Rise 7+ Stories
Property Condition:
Above Average
Construction:
Concrete
Roofing:
--
Floor Covering:
Ceramic Tile
Disclosures:
Property Disclosure Stmt
Possession:
At Closing
Terms Accept.:
Cash, Conventional
Land Recorded:
Land Court
Exclusions:
--
Easements:
--
Set-Backs:
--
Compensation*:
2.5

* 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 Monday, December 4, 2023.  Information is deemed reliable but not guaranteed.  Copyright: 2023 by HiCentral MLS, Ltd.  Listing courtesy of eXp Realty