Oahu Condo For Sale: MLS# 201828930

Marco Polo Apts #2114 for Sale at $195,000 Leasehold

This Marvelous Oahu Condo includes:

  • Leasehold Land Tenure
  • 2 bedrooms + 2 bathrooms
  • Built in 1971
  • Needs Major Repair Condition
  • On the market for only 7 days
  • 1,071 Sq.Ft. of interior living area
  • 135 Sq.Ft. lanai included
  • 1 parking included
  • Assigned parking
  • Marvelous Ocean view included!
  • Swimming pool
  • Tennis court
  • A relaxing sauna
  • A BBQ for grilling year round
  • Estimated monthly running costs are $905.00
  • Estimated Maintenance Per SqFt is $0.85

Beautiful Ocean, City and Waikiki Views From This Large Leasehold Fee Available 2/2 With Covered Parking. Price Reflects Unit Needing to Be Rebuilt After Recent Abatement From Fire Last July 2017. Nice Lanai With Lots of Closet Space and A/c. Fee Available for $240, 914. 00 (plus Fee's) for 2018, With a 5% Price Increase on January 1, 2019. Excellent Location on Lush Park With 24 Hour Security. Building Is Going Through Renovations and Improvements. Unit Is Being Sold "as Is", and Cash Only Offers. Seller Is Doing a 1031 Exchange. Listing information courtesy of Pacific Rim Properties Ltd..

Financials

Item Details (Information deemed reliable, but not guaranteed.)
List Price $195,000.00 USD
Land Tenure LH - Leasehold (Your rent the land underneath.)
Lessor Name Weinberg
Lease Expiration November, 2041 (in 23 years)
Lessor Name Weinberg
Lease Renegotiation November, 2026 (in 8 years)
Lease Fee Purchase $240,914.00 USD
Lease Fee Rent $442.00 USD / Month
Maintenance $734.00 USD / Month
Association Fees $734.00 USD / Month
Includes Sewer, Water
Includes Lease Rent
Tax Amount $171.00 USD / Month
Tax Assessed Value $587,800.00 USD
Tax Assessed Value Improvements $527,900.00 USD
Tax Assessed Value Land $59,900.00 USD
Tax Year 2018

Unit Features

Item Details
Bedrooms 2
Full Bathrooms 2
Rooms Total 6
Interior Living Area 1,071 ft2 [99m2]
Open Lanai Area 135 ft2 [13m2]
Total Area 1,206 ft2 [112m2]
Year Built 1971
Inclusions AC Window Unit
Flooring Ceramic Tile, Vinyl, W/W Carpet
Parking Spaces 1
Parking Type Assigned, Covered - 1, Garage, Guest, Secured Entry
Property Condition Needs Major Repair
Special Features Even# Unit, Single Level, Storage
Views City, Marina/Canal, Ocean, Sunset

Building Features

Item Details
Building Name Marco Polo Apts
Amenities BBQ, Meeting Room, Patio/Deck, Pool, Putting Green, Recreation Area, Resident Manager, Sauna, Security Guard, Storage, Tennis Court, Trash Chute
Architectural Style High-Rise 7+ Stories
Condo Parking Unit D-139
Construction Materials Concrete
Elevators 6
Management Company Associa (tel. 836-0911)
Owner Occupancy 56%
Property Frontage Stream/Canal
Security Key, Security Patrol, Video
Stories 21+

Neighbourhood

Item Details
Neighborhood Kapiolani in Honolulu
Zip Code 96826
Zoning 13 - A-3 High Density Apartment
Flood Zone Zone AO
Elementary School Ala Wai
Middle School Washington
High School Kaimuki

Map


 

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Sachiko Trillo, Realtor

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