331 & 333 Hobron Lane Active Save Request In-Person Tour Request Virtual Tour
Honolulu,HI 96815
Key Details
Property Type Other Types
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 10,000 sqft
Price per Sqft $270
MLS Listing ID 202408267
Year Built 1949
Lot Size 6,500 Sqft
Acres 6500.0
Property Sub-Type Multi-Family
Property Description
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.
Location
State HI
County Honolulu
Area Metro
Zoning Zone AE
Interior
Heating Cable,Gas,Internet,Overhead Electricity,Public Water,Sewer Fee,Water
Inclusions A/C,Secured Lobby
Furnishings Partial
Exterior
Parking Features Assigned
Garage Spaces 18.0
Utilities Available Cable,Gas,Internet,Overhead Electricity,Public Water,Sewer Fee,Water
Amenities Available A/C,Secured Lobby
View Sunset
Total Parking Spaces 18
Building
Lot Description Clear
Story 4-7
Sewer Connected
Schools
Elementary Schools Lunalilo
Middle Schools Washington
High Schools Kaimuki
Others
Ownership LH - Leasehold