331 & 333 Hobron Lane Honolulu, HI 96815
Listing
Overview
Price: $2,700,000
Area: WAIKIKI
Status: Active
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. Listing by: Standard Management LLC (808) 208-8107
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- Land Area (sf): 6,500
- Living (sf): 10,000
- Year Built: 1949
- Property Condition: Excellent,Above Average
- Number of Parking Spaces: 18
- View: Sunset
- Listing Office: Standard Management LLC
- Land Tenure: LH - Leasehold
- Elementary School: Lunalilo
- Middle School: Washington
- High School: Kaimuki
