 hawaiihome.cc |
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 mazing 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. | |||||||||||
 What will it cost to own? | |||||||||||
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MLS | Public |  | |||||||||
| Condo/Townhouse | Condo | Property Type Sub Type | |||||||||
| 300 Wai Nani Way | 300 Wai Nani Wy |  | |||||||||
| Liliuokalani Gardens Apt II2412 | Liliuokalani Gardens At Waikiki 2412 | ||||||||||
| Honolulu HI 96815 | Honolulu Hawaii 96815 | ||||||||||
| Metro Waikiki | Waikiki | ||||||||||
| Jefferson | Jefferson Elem |  | |||||||||
| Washington | Washington Int | ||||||||||
| Kaimuki | Kaimuki High | ||||||||||
| Kaimuki-McKinley-Roosevelt | Complex | ||||||||||
| Public Schools | Rank | ||||||||||
| Private School | Guide | ||||||||||
| na | Haseko Dev Inc Haseko Dev Inc |  Builder | |||||||||
| MLS 202400403 | TMK 1-2-6-28-49-370 | Property ID | |||||||||
| 2 | 2 |  Bedrooms | |||||||||
| 2 | 2 |  Full Baths | |||||||||
| 0 | 0 | Half Baths | |||||||||
| 2 | 2 | Total baths | |||||||||
| 0 | Rooms | ||||||||||
| 0 | 1 |  Parking | |||||||||
| 944 | 944 |  Interior sf | |||||||||
| 0 |  Lanai sf | ||||||||||
| 944 | Total sf | ||||||||||
| $450,000 1/15/2024 | Original list | ||||||||||
| Active 655 DOM | Status | ||||||||||
| $450,000 |  List price | ||||||||||
| Fee Simple | Leasehold | Tenure | |||||||||
| No | Fractional | ||||||||||
| 1984 | 1984 1984 | Year built | |||||||||
| na | Conversion | ||||||||||
| 0 na | Remodeled | ||||||||||
| 28 % | Biennial Reg, § 6. | Owner Occupancy | |||||||||
| $ 0 $ 0 $ 0 $ 0 Includes: None AC Central Cable TV Hot Water Internet Service Sewer Water NONE | AOAO fee AOAO other Maint fee AOAO total fees | ||||||||||
| 18 | 23 | Floor | |||||||||
| Garden Marina/Canal |  View | ||||||||||
| Land Court | Recorded | ||||||||||
| Apartment Precinct | APART | Zoning | |||||||||
| Zone - AE | Flood | ||||||||||
| na | Restrictions | ||||||||||
| Excellent | Condition | ||||||||||
| Bedroom on 1st Level Central AC Even# Unit Full Bath on 1st Floor Single Level | Features | ||||||||||
| Other | Flooring | ||||||||||
| AC Central Cable TV Dishwasher Range/Oven Refrigerator Smoke Detector | Inclusions | ||||||||||
| na | Exclusions | ||||||||||
| Key Keyed Elevator Security Patrol Video | Guard Locked Lobby Resident Manager Enter phone | Security | |||||||||
| BBQ Club House Community Laundry CNDAP Fire Sprinkler Meeting Room Pool Recreation Area Resident Manager Security Guard Tennis Court Trash Chute Walking/Jogging Path Whirlpool | Amenities | ||||||||||
| na | Frontage | ||||||||||
| High-Rise 7+ Stories | Condo 25 Stories 385 Units | Architecture | |||||||||
| na | Model | ||||||||||
| Liliuokalani Plaza | Skyscraper | ||||||||||
| Above Ground Concrete | Materials | ||||||||||
| 21+ | StoriesType | ||||||||||
| Call Listor Disclosure Stmt See Remarks | Disclosures | ||||||||||
| NA | Parking stall ID | ||||||||||
| 0 | 1518 | Public Report | |||||||||
| None Garage Guest Other Secured Entry Street | Parking | ||||||||||
| 3 | Guest parking | ||||||||||
| 4 | Passenger 4 Freight 0 | Elevators | |||||||||
| na | AOAO Name | ||||||||||
| na | AOAO Ph | ||||||||||
| Touchstone | Touchstone Properties Ltd | Management Co Name | |||||||||
| (808) 566-4100 | Management Co Ph | ||||||||||
| na | Buyer Financing | ||||||||||
| na | 1st Mortgagor | ||||||||||
| 0 | 1st Mortgage | ||||||||||
| na | 2nd Mortgagor | ||||||||||
| 0 | 2nd Mortgage | ||||||||||
| No/na | Foreclosure/Case# | ||||||||||
| 2024 | 2020 | Property tax year | |||||||||
| $ 192,100 | $ 173,600 | Land assessed | |||||||||
| $ 516,300 | $ 465,800 | Building assessed | |||||||||
| $ 0 | $ 0 | Home owner exemption | |||||||||
| $ 708,400 | $ 639,400 | Total assessed RPAD | |||||||||
| $ 0 | $ 186 | Tax per month rates | |||||||||
| 0 | Total rent | ||||||||||
| Building Permits | |||||||||||
| At Closing Negotiable | Possession | ||||||||||
| None | Special | ||||||||||
| Cash Conventional | Financing | ||||||||||
| Partial | Furnished | ||||||||||
| No | New development | ||||||||||
| Monthly | Cost to own estimate: | ||||||||||
| $ 0 | Real Property Tax | ||||||||||
| $ 0 | Association Fee | ||||||||||
| $ 901 | Lease Rent | ||||||||||
| $ 901 | Cost to own (ex Mortgage, Ins & Elec) | ||||||||||
| 1/15/2024 | Active | ||||||||||
| na | Price change | ||||||||||
| na | Continue to show | ||||||||||
| na | Pending | ||||||||||
| na | Temp withdrawn | ||||||||||
| na | Back on market | ||||||||||
| na | Withdrawn | ||||||||||
| na | Off market | ||||||||||
| 1/15/2024 | Status change | ||||||||||
| na | Advertise | ||||||||||
| na | Auction | ||||||||||
| Compass | Listing Brokerage Firm | ||||||||||
| 1/15/2024 | Photos uploaded | ||||||||||
| 1/15/2024 | Supplement Mod | ||||||||||
Hawaii Home + Commercial LLC
1888 Kalakaua Ave C312, Waikiki, Honolulu, HI 96815
DCCA PV License # RB-20174
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Principal Broker
Robin Charles Glass (R), MBA, eng.
DCCA PV License # RB-20173
Ph: (808) 358-1774
Fax: (866) 925-1467
Email: glassr@hawaiihome.cc
Robin Charles Glass (R), MBA, eng.
DCCA PV License # RB-20173
Ph: (808) 358-1774
Fax: (866) 925-1467
Email: glassr@hawaiihome.cc
MLS and Public Records Databases synchronized every 15 minutes. Includes information from the Multiple Listing Service of HiCentral MLS, Ltd. IDX information is provided exclusively for consumers` personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the information is deemed reliable but not guaranteed. © 2017 by HiCentral MLS, Ltd.