331 & 333 Hobron Ln
Honolulu, HI 96815
- Property Type:
- Multi-Family
- Studio Units:
- 2
- 1-Bed Units:
- 13
- 2-Bed Units:
- 3
- 3-Bed Units:
- 0
- Land Area (sf):
- 6,500
- Living (sf):
- --
- Lanai (sf):
- --
- Other (sf):
- --
- Parking Stalls:
- 18 - Assigned
- MLS #:
- 202408267
- TMK:
- 1-2-6-012-046-0000
- List Date:
- Island:
- Oahu
- Region:
- Metro Oahu
- Neighborhood:
- WAIKIKI
REMARKS:
INCREDIBLE CASHFLOW OPPORTUNITY IN WAIKIKI priced at only $150, 000 per unit. 18 solid concrete renovated units with 18 parking stalls on a total of 12, 914 SF of land in world-famous Waikiki. The property has no trouble staying rented, and Waikiki typically has higher rent appreciation than other neighborhoods due to the year-round global demand. This property is leasehold with 40 years remaining on the ground lease and 15 years of known rent, making it financeable and eligible for a 1031 exchange. Ideal for a buyer looking to achieve a great return on their money for at least the next 40 years. Separately metered for electricity and tenants are billed back for water.
PROPERTY INFORMATION:
- Zoning:
- X2 - Apartment Precinct
- Furnished:
- Partial
- Year Built:
- 1949
- Year Remodeled:
- 1990
FINANCIAL INFORMATION:
- Assd. Val. Land:
- $4,478,000
- Assd. Val. Imprv:
- $1,597,800
- Assd. Val. Total:
- $6,075,800
- Tax Year:
- 2023
- Monthly Taxes:
- $1,109
- Home Exempt.:
- --
- Land Tenure:
- --
- FeeOptions
- None
- Lessor:
- Metropolitan Properties LTD
- Lease Rent:
- 11008.55/1964
- Next Step-Up:
- --/--
- 2nd Step-Up:
- --/--
- Fee Purchase:
- --
- Reneg Date:
- --
- Lease Exp:
- --
SCHOOLS:
- Elementary School:
- Lunalilo
- Middle School:
- Washington
- High School:
- Kaimuki
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Tuesday, May 21, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Standard Management LLC