229 Paoakalani Ave #2712

Waikiki Sunset
229 Paoakalani Ave #2712
Honolulu, HI 96815

For Sale

Sold

Sold Price

$855,000 (FS)

List Price

$855,000 (FS)

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

Land Area (sf):: 49,963
Living (sf):: 534
Lanai (sf):: 67
Other (sf):: --

Parking Stalls:: 1 - Covered - 1, Unassigned

MLS #:: 202402922
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: WAIKIKI
TMK:: 1-2-6-028-011-0286

List Date:: February 02, 2024
Date Sold:: March 08, 2024

REMARKS:

Nothing was spared in this one-of-a-kind remodel - a legal short-term vacation rental - which comes with 1 parking stall. Extremely high occupancy and outstanding cash flow (phenomenal Cap Rate). Sold fully furnished.

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PROPERTY INFORMATION:

Zoning:: X2 - Apartment Precinct
Furnished:: Full

Year Built:: 1979
Year Remodeled:: 2022

FINANCIAL INFORMATION:

Assd. Val. Land:: $81,600
Assd. Val. Imprv:: $553,300
Assd. Val. Total:: $634,900

Tax Year:: 2023
Monthly Taxes:: $161
Home Exempt.:: $0

Maintenance Fees:: $811/mo.
Association Fees:: --/mo.
Other Fees:: --/mo.

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:: --
View:: City, Coastline, Diamond Head, Ocean
Pool:: --
Amenities:: BBQ, Condo Association Pool, Exercise Room, Security Guard, Trash Chute
Inclusions:: AC Central, Blinds, Cable TV, Ceiling Fan, Disposal, Kitchenware, Linens, Microwave Hood, Range/Oven, Refrigerator, Smoke Detector
Security:: Card, Video
Assn. Fee Inclusions:: AC Central, Electricity, Sewer, Water
Other Fee Inclusions:: --

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

Disclosures:: Listor Owner, Pets Allowed (Verify), Property Disclosure Stmt
Possession:: 45 Days or Less
Terms Accept.:: Cash, Conventional
Land Recorded:: Land Court

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 Hawaii Living LLC