331 & 333 Hobron Lane
Honolulu, HI 96815
- – beds
- – baths
- – sqft
- 1949 build
- – on site
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.
Last checked:
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Last updated Nov 15, 2024
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MLS# 202408267 —
The Building
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Year Built:1949
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Construction Materials:Concrete
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Structure Type:Apartment,MultiFamily
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Levels:ThreeOrMore
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Security Features:LobbySecured
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Building Area Total:10000.0
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Number Of Units Total:18
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Year Built:1990
Interior
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Furnished:Partially
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Laundry Features:CoinOperated
The Property
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Property Type:Residential
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Property Sub Type:MultiFamily
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Property Condition:Excellent,GoodCondition
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Lot Size Area:6500.0
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Lot Features:Cleared,InteriorLot,Level
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Zoning Description:X2 - Apartment Precinct
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Parcel Number:1-2-6-012-046-0000
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Topography:Level
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View:Sunset
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View:true
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Frontage Type:Other
Listing Agent
- Contact info:
- Agent phone:
- (808) 208-8107
- Office phone:
- (808) 208-8107
Taxes
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Tax Annual Amount:13308.0
Heating & Cooling
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Cooling:CentralAir
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Cooling:true
Utilities
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Utilities:AboveGroundUtilities,CableAvailable,ElectricityAvailable,NaturalGasAvailable,HighSpeedInternetAvailable,SewerAvailable,WaterAvailable,SewerConnected
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Sewer:Connected
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Water Source:Public
Schools
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Elementary School:Lunalilo
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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:None
Parking
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Parking Total:18.0
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Parking Features:Assigned
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).
Sale history
| Date | Event | Source | Price | % Change |
|---|---|---|---|---|
|
11/12/24
Nov 12, 2024
|
Listed / Active | HI_CENTRAL_MLS | $2,700,000 |
