229 Paoakalani Ave #1408

Waikiki Sunset
229 Paoakalani Ave #1408
Honolulu, HI 96815

For Sale

Sold

Sold Price

$170,000 (LH)

List Price

$230,000 (LH)

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

Land Area (sf):: --
Living (sf):: 534
Lanai (sf):: 67
Other (sf):: --

Parking Stalls:: 1 - Covered - 1, Secured Entry, Unassigned

MLS #:: 202322556
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: WAIKIKI
TMK:: 1-2-6-028-011-0100

List Date:: October 14, 2023
Date Sold:: November 22, 2023

REMARKS:

Well maintained and fully furnished unit one bedroom and on bath with unassigned parking. This unit comes with NUC which allows legal short-term rentals. Close to Waikiki Beach, restaurants, shops and more. Great amenities like pool, gym and other amenities. Laundry is conveniently located floor on each. Lease will expire in April of 2036. Fee Simple interest is not available. Please see the supplemental file for future lease rent increase. (Do your own due diligence.) Income statement is available upon request.

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PROPERTY INFORMATION:

Zoning:: X2 - Apartment Precinct
Furnished:: Full

Year Built:: 1979
Year Remodeled:: --

FINANCIAL INFORMATION:

Assd. Val. Land:: $79,100
Assd. Val. Imprv:: $484,400
Assd. Val. Total:: $563,500

Tax Year:: 2023
Monthly Taxes:: $172
Home Exempt.:: $0

Maintenance Fees:: $765/mo.
Association Fees:: --/mo.
Other Fees:: --/mo.

Land Tenure: Leasehold
Fee Options: None
Lessor:: WBS Suites LLC

Lease Rent:: 161.49/2036
Next Step-Up:: --/--
2nd Step-Up:: --/--

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

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:: Other
View:: City, Diamond Head, Mountain, Ocean
Pool:: --
Amenities:: BBQ, Club House, Community Association Pool, Community Laundry, Exercise Room, Fire Sprinkler, Resident Manager, Sauna, Security Guard, Tennis Court, Trash Chute
Inclusions:: AC Central, Disposal, Linens, Microwave Hood, Microwave, Refrigerator, Smoke Detector
Security:: Key, Keyed Elevator, Security Patrol
Assn. Fee Inclusions:: AC Central, Electricity, Hot Water, Other Common Expenses, Sewer, Water
Other Fee Inclusions:: --

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, W/W Carpet

Disclosures:: None
Possession:: At Closing, Negotiable
Terms Accept.:: Cash
Land Recorded:: Dual Systems

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

Compensation*:: 2.5
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 Friday, May 3, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of RE/MAX ALOHA HOMES