300 Wai Nani Way Unit Apt II2412
Honolulu, HI 96815
- 2 beds
- 2 baths
- 944 sqft
- $476 per sqft
- 1984 build
- – on site
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.
Last checked:
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Last updated Nov 15, 2024
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MLS# 202400403 —
The Building
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Unit Number:Apt II2412
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Year Built:1984
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Building Name:Liliuokalani Gardens
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New Construction:false
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Construction Materials:Concrete
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Architectural Style:HighRise
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Levels:One
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Entry Level:18
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Security Features:ClosedCircuitCameras,ElevatorSecured,KeyCardEntry,FireSprinklerSystem,SecurityGuard
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Building Area Total:944.0
Interior
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Interior Features:BedroomOnMainLevel,FullBathOnMainLevel
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Flooring:Other
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Furnished:Partially
Room Dimensions
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Living Area:944.0
The Property
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Property Type:Residential
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Property Sub Type:Condominium
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Property Condition:Excellent
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Lot Size Area:119659.0
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Zoning Description:X2 - Apartment Precinct
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Parcel Number:1-2-6-028-049-0370
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View:Canal,Garden
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View:true
Listing Agent
- Contact info:
- Agent phone:
- (808) 825-4277
- Office phone:
- (808) 825-4277
Beds
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Bedrooms Total:2
Baths
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Bathrooms Total:2
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Bathrooms Full:2
Heating & Cooling
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Cooling:CentralAir
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Cooling:true
Schools
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Elementary School:Jefferson
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Middle Or Junior School:Washington
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High School:Kaimuki
The Community
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Subdivision Name:WAIKIKI
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Community Features:Barbecue,Clubhouse,CommunityPool,ConferenceMeetingRoom,LaundryFacilities,Pool,RecreationArea,TennisCourts,TrailsPaths,TrashChute
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Association Amenities:Management
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Association Fee Includes:CableTv,Hvac,HotWater,Internet,None,Sewer,Water
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Spa Features:Community
Parking
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Garage:true
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Parking Features:Garage,Guest,None,Other,OnStreet,Secured
Monthly cost estimate
Asking price
$450,000
| Expense | Monthly cost |
|---|---|
|
Mortgage
This calculator is intended for planning and education purposes only. It relies on assumptions and information provided by you regarding your goals, expectations and financial situation, and should not be used as your sole source of information. The output of the tool is not a loan offer or solicitation, nor is it financial or legal advice. |
$2,409
|
| Taxes | N/A |
| Insurance | $123 |
| Utilities | $244 See report |
| Total | $2,776/mo.* |
| *This is an estimate |
Walk Score®
Provided by WalkScore® Inc.
Walk Score is the most well-known measure of walkability for any address. It is based on the distance to a variety of nearby services and pedestrian friendliness. Walk Scores range from 0 (Car-Dependent) to 100 (Walker’s Paradise).
Bike Score®
Provided by WalkScore® Inc.
Bike Score evaluates a location's bikeability. It is calculated by measuring bike infrastructure, hills, destinations and road connectivity, and the number of bike commuters. Bike Scores range from 0 (Somewhat Bikeable) to 100 (Biker’s Paradise).
Transit Score®
Provided by WalkScore® Inc.
Transit Score measures a location's access to public transit. It is based on nearby transit routes frequency, type of route (bus, rail, etc.), and distance to the nearest stop on the route. Transit Scores range from 0 (Minimal Transit) to 100 (Rider’s Paradise).
Air Pollution Index
Provided by ClearlyEnergy
The air pollution index is calculated by county or urban area using the past three years data. The index ranks the county or urban area on a scale of 0 (best) - 100 (worst) across the United Sates.
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/12/24
Nov 12, 2024
|
Listed / Active | HI_CENTRAL_MLS | $450,000 |
