(unit #apt Ii2412) 300 Wai Nani Way, Honolulu, HI

$450,000

Previous Next

2

Beds

2

Baths

944

Square feet

2.75

Acres

About (unit #apt Ii2412) 300 Wai Nani Way

Amazing investment opportunity! This property is not for owner occupants. Owner is selling only the FEE INTEREST. The leasehold interest is owned by a Japanese corporation that consistently pays the current annual lease rent of $10,817 on time. There will be two more lease rent renegotiations, in 2024 and 2034, before the lease expires 10/31/2039. At lease expiration the fee owner will then own the fee simple interest in this 2-bedroom 2-bath unit and can move in, rent, or sell the unit. Recent fee simple 2-bedroom 2-bath units in this community sold between $615,000 and $632,000, and recent rentals have been $3,000 to $3,500 monthly. Great potential for increased lease rent and appreciation in the remaining 15 years of the lease! During those 15 years the fee owner doesn't have to worry about finding tenants or paying for repairs, maintenance/association fees, property taxes, or any assessments because the leasehold owner is responsible for those expenses. There is no access to see the interior of the unit - leasehold owner has no obligation to provide access. The purchase of this unit will need to be cash or high down payment financing.

Features of (unit #apt Ii2412) 300 Wai Nani Way

MLS® # 202400403
Price $450,000
Bedrooms 2
Bathrooms 2.00
Full Baths 2
Square Footage 944
Acres 2.75
Year Built 1984
Type Condo / Townhouse
Style High-Rise 7+ Stories
Status Active

Community Information

Address (unit #apt Ii2412) 300 Wai Nani Way
Area Metro
Subdivision WAIKIKI
City Honolulu
State HI
Zip Code 96815

Amenities

Amenities BBQ, Community Laundry, Condo Association Pool, Meeting Room, Pool, Recreation Area, Resident Manager, Security Guard, Tennis Court, Trash Chute, Whirlpool, Club House, Fire Sprinkler, Walking/Jogging Path
Features Central AC, Even# Unit, Single Level, Bedroom on 1st Level, Full Bath on 1st Floor
Parking Garage, Guest, Other, Street, None, Secured Entry
View Marina/Canal, Garden
Is Waterfront No
Has Pool Yes

Interior

Fireplace No
Stories 21+
Has Basement No

Exterior

Exterior Above Ground, Concrete

School Information

Elementary Jefferson
Middle Washington
High Kaimuki

Additional Information

Date Listed January 15th, 2024
Days on Market 184

Listing Details

OfficeCompass
Contact Info(808) 825-4277

Listing Map

Request a Showing

Provide a valid email address.
When would you like to view this property?