Description
In the heart of Waikiki, this corner one-bedroom one-bathroom unit, right below the penthouse, is conveniently within walking distance to world-famous Waikiki Beach and the International Marketplace with a soon to open Target store is less than a two minute walk away. The Hawaiian Prince Apartments is a secure well-maintained co-op elevator building with a resident manager. This is a LEASEHOLD property, the ground lease ends on "March 31, 2040, PROVIDED HOWEVER, that on or after March 31, 2030, Lessor(Queen Emma) should have the absolute right to terminate said Lease SUBJECT TO the conditions set forth in said Lease." The owner's monthly expenses:$677.01(ground lease rent)+$401.19(monthly maintenance fee)+$91.62(monthly property tax)=$1,169.82/Total per month, only the ground lease rent portion increases 3% annually. The unit is being conveyed fully-furnished as-is. Minimum 30-day rentals building and this unit has strong 30-day rental income history. There is a short wait list for onsite secured parking. Fee purchase and financing is not available. Currently tenant occupied, showings are only available after receiving an accepted offer with an inspection/showing contingency.
-
1BEDS
-
N/AACRES
-
1BATHS
-
01/2 BATHS
-
481SQFT
-
$179$/SQFT
School Ratings & Info
Description
In the heart of Waikiki, this corner one-bedroom one-bathroom unit, right below the penthouse, is conveniently within walking distance to world-famous Waikiki Beach and the International Marketplace with a soon to open Target store is less than a two minute walk away. The Hawaiian Prince Apartments is a secure well-maintained co-op elevator building with a resident manager. This is a LEASEHOLD property, the ground lease ends on "March 31, 2040, PROVIDED HOWEVER, that on or after March 31, 2030, Lessor(Queen Emma) should have the absolute right to terminate said Lease SUBJECT TO the conditions set forth in said Lease." The owner's monthly expenses:$677.01(ground lease rent)+$401.19(monthly maintenance fee)+$91.62(monthly property tax)=$1,169.82/Total per month, only the ground lease rent portion increases 3% annually. The unit is being conveyed fully-furnished as-is. Minimum 30-day rentals building and this unit has strong 30-day rental income history. There is a short wait list for onsite secured parking. Fee purchase and financing is not available. Currently tenant occupied, showings are only available after receiving an accepted offer with an inspection/showing contingency.
© 2024 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.
IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Island Life Homes.
Licensed in the State of Hawaii, USA.