MLS Number 202401826 For Sale
Let our Oahu real estate inspire you...
When opportunity knocks... answer the call. Here is the perfect investment opportunity for off-island second homeowners or First Time Home Buyer. This cozy one-bedroom, one-bath condo is centrally located and conveniently situated near a brand-new grocery store and shopping center - right in the heart of Waikiki. The assessment (approx. $28,000) payoff at closing is negotiable. This property is a short-term rental powerhouse with a historically proven track record of bringing consistent rental income for 30-day minimum stays. Situated minutes from Waikiki Gold Coast, you're in the middle of the action. World-renowned Waikiki Beach is just minutes away; contemporary dining selection and robust shopping options await. Spacious lanai with an open-concept living area, semi-updated cabinets and clean countertops, and newer vinyl plank flooring completed the modern update. In-unit washer and dryer included. Whether you're a first-time buyer looking to buy your first home, a savvy Cap rate-driven investor, or just a part-time Hawaii resident seeking a second home to rent out for part of the year -- look no further, this is the right home for you. Pets allowed (verify).
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Property Type | Condo/Townhouse |
| Building Name | Waikiki Townhouse |
| Unit Number | 702 |
| Bedrooms | 1 |
| Full Bathrooms | 1 |
| Interior Living Area | 590 sq. ft.
54.81 sq. m. |
| Total Area |
590 sq. ft. 54.81 sq. m. |
| Year Built | 1980 |
| Parking Type |
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| Property Condition | Above Average |
| Unit Features |
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| Views |
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| Inclusions |
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| Flooring |
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| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Amenities |
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| Architectural Style |
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| Condo Parking Unit | 0 |
| Construction Materials |
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| Management Company | Neal Fineman (tel. (808) 353-4732) |
| Owner Occupancy | 51% |
| Security |
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| Stories | 21+ |
| Attribution Contact | Innovative Realty Group, Inc.: (808) 791-4607 |
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Current Price | $318,998 FS - Fee Simple |
| Price / Sq. Ft. | $540.67 / Sq. Ft. |
| Land Tenure | FS - Fee Simple (You own the land.) |
| Tax Assessed Value | $284,100 |
| Tax Assessed Value Improvements | $238,400 |
| Tax Assessed Value Land | $45,700 |
| Tax Exemption Owner Occupancy | $0 |
| Tax Amount | $26 / Month |
| Tax Year | 2023 |
| TMK (Tax Map Key) | 1-2-6-024-059-0019 |
| Maintenance | $881 / Month |
| Maintenance/SqFt | $291 / Month / Sq. Ft. |
| Total Monthly Fees | $1,080 / Month |
| Monthly Fees Include |
Cable TV, Hot Water, Other Common Expenses, Sewer, Water
$199: Special Assessment |
| Item | Details |
|---|---|
| City | Honolulu |
| Neighborhood | Waikiki |
| Zip Code | 96815 |
| Zoning | X2 - Apartment Precinct |
| Flood Zone | Zone AE |
