201 Ohua Avenue Unit Makai 1906 (NUC), Oahu, HI 96815

$500,000
List Price
$500,000
Days on Market
17
MLS#
202303655
Status
ACTIVE
Type
Condo
Building
Waikiki Banyan
Land Tenure
FS - Fee Simple
Neighborhood
Waikiki

Property Description

For Investors only! Owner is selling the FEE ONLY, not the leasehold portion. It is a fee simple property with a lease that expires on 11/30/2035. Current lease rent is $332.29 per month. This Waikiki Banyan leased fee has a NUC (non-conforming use certificate) to allow for short term vacation rentals so when the lease expires and it turns fee simple the value will go way up. Lessee (leasehold owner) is responsible to pay association fees, real property tax and maintenance of the unit. This property is a 1 bedroom 1 bath 1 parking unit with 582 sqft of living and a 67 sqft lanai. Information advertised is based on tax records and cannot be verified. No showings allowed. Please do not contact the Lessee directly.

Additional Information

Island
Oahu
Stories Type
21+
Condo Parking Unit
TBD
Unit Features
Even# Unit
View
None
Construction Materials
Concrete
Mls Area Major
Metro
Neighborhood
Waikiki
Year Built
1977
Building Name
Waikiki Banyan
Inclusions
None
Parking Features
Assigned, Covered - 1
Unit
Makai 1906 (NUC)
Amenities
None
Style
High-Rise 7+ Stories
Lease Fee Month
332
Lease Expiration Date
2035-11-30
Assessed Total
656600
Assessed Improvement
547600
Assessed Land
109000
Zoning
AM - Apartment Mixed Use

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of Compass.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2023 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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