85-153A Ala Akau St #A

Ulu Wehi
85-153A Ala Akau St #A
Waianae, HI 96792

For Sale

Active Under Contract

List Price

$235,000 (LH)

Property Type:: Condo/Townhouse
Bedrooms:: 4
Full Baths:: 1
Half Baths:: 1

Land Area (sf):: 1,746
Living (sf):: 1,158
Lanai (sf):: 48
Other (sf):: --

Parking Stalls:: 2 - Assigned, Open - 2

MLS #:: 202404170
Island:: Oahu
Region:: Leeward Coast
Neighborhood:: WAIANAE
TMK:: 1-8-5-026-028-0000

List Date:: February 25, 2024

REMARKS:

Welcome to your new beginning! This 4-bedroom, 1.5-bathroom townhouse is the ideal place to plant roots and start your homeownership journey. Boasting 1, 158 sq. ft. of living space, it's perfect for first-time homebuyers looking for affordability without sacrificing comfort. As you step inside, you're greeted by a freshly painted interior, the layout is ideal for family living with an enclosed back yard for the kids and pets to play! The property presents a great opportunity for a rental investment as well. The current lease is set to expire in 2030, with the potential for extension to 2055. Enjoy incredibly low lease payments of $58.46 per month until June 30, 2025, with a minor step up to $82.25 per month from July 1, 2025, through April 1, 2030, providing an exceptional value for the area. For those seeking financing options, both FHA spot loans and conventional financing may be available to accommodate short-term financing needs. Don't miss out on the chance to make it your own slice of Hawaiian paradise. Welcome home!

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PROPERTY INFORMATION:

Zoning:: 5 - R-5 Residential
Furnished:: None

Year Built:: 1974
Year Remodeled:: --

FINANCIAL INFORMATION:

Assd. Val. Land:: $162,300
Assd. Val. Imprv:: $88,000
Assd. Val. Total:: $250,300

Tax Year:: 2024
Monthly Taxes:: $73
Home Exempt.:: $0

Maintenance Fees:: $260/mo.
Association Fees:: --/mo.
Other Fees:: --/mo.

Land Tenure: Leasehold
Fee Options: None
Lessor:: HHFDC

Lease Rent:: 58.46/2030
Next Step-Up:: --/--
2nd Step-Up:: --/--

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

SCHOOLS:

Elem. School:: Kamaile
Middle School:: Waianae
High School:: Waianae

OTHER PROPERTY FEATURES:

Frontage:: --
View:: Mountain
Pool:: --
Amenities:: Club House, Patio/Deck
Inclusions:: None
Security:: --
Assn. Fee Inclusions:: Other Common Expenses
Other Fee Inclusions:: Maintenance

Lot Description:: --
Topography:: --
Number of Stories:: Two
Building Style:: PUD
Property Condition:: Average
Construction:: Hollow Tile, Masonry/Stucco
Roofing:: --
Floor Covering:: Vinyl

Disclosures:: Property Disclosure Stmt
Possession:: At Closing
Terms Accept.:: Cash, Conventional, FHA, Other
Land Recorded:: Regular System

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 Tuesday, April 30, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of West Beach Realty, Inc.