201 Ohua Ave #1404-T1

Waikiki Banyan
201 Ohua Ave #1404-T1
Honolulu, HI 96815

For Sale

Sold

Sold Price

$718,000 (FS)

List Price

$735,000 (FS)

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

Land Area (sf):: 99,796
Living (sf):: 557
Lanai (sf):: 67
Other (sf):: --

Parking Stalls:: 1 - Covered - 1, Unassigned

MLS #:: 202326584
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: WAIKIKI
TMK:: 1-2-6-025-005-0098

List Date:: December 07, 2023
Date Sold:: February 15, 2024

REMARKS:

Please take advantage of this great investment opportunity to own a legal short term vacation rental unit with a partial ocean view from lanai and one unassigned parking. Conveniently located near the heart of Waikiki, you can walk to the beach or experience a plethora of dining and shopping options. This unit is FEE SIMPLE, no remaining Sandwich Lease and has a (NUC) Non-confirming Use Certificate for daily rentals. Seller currently runs a legal short term rental with sellers brokerage firm. Fully furnished unit with complete kitchenware and extra beddings, ready for your short term vacation rental business. New owner can expect cashflow right after closing as the unit is booked out already several months in advance. Special Assessment: $239 will end 12/2023

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PROPERTY INFORMATION:

Zoning:: X2 - Apartment Precinct
Furnished:: Full

Year Built:: 1977
Year Remodeled:: --

FINANCIAL INFORMATION:

Assd. Val. Land:: $109,000
Assd. Val. Imprv:: $530,900
Assd. Val. Total:: $639,900

Tax Year:: 2023
Monthly Taxes:: $210
Home Exempt.:: $0

Maintenance Fees:: $694/mo.
Association Fees:: --/mo.
Other Fees:: $239/mo.

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:: Other
View:: City, Mountain, Ocean
Pool:: --
Amenities:: BBQ, Community Laundry, Condo Association Pool, Fire Sprinkler, Playground, Recreation Area, Resident Manager, Sauna, Security Guard, Tennis Court, Whirlpool
Inclusions:: AC Window Unit, Cable TV, Disposal, Drapes, Microwave, Range Hood, Range/Oven, Refrigerator, Smoke Detector
Security:: Security Patrol, Video
Assn. Fee Inclusions:: Cable TV, Electricity, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
Other Fee Inclusions:: Special Assessment

Lot Description:: --
Topography:: --
Number of Stories:: 21+
Building Style:: High-Rise 7+ Stories
Property Condition:: Excellent
Construction:: Concrete
Roofing:: --
Floor Covering:: Other, W/W Carpet

Disclosures:: Non Resident Owner
Possession:: At Closing
Terms Accept.:: Cash, 1031 Exchange
Land Recorded:: Dual Systems

Exclusions:: Other
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 Thursday, May 2, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Damon HI Pac Intl Prop LLC