Active
331 & 333 Hobron Lane
Honolulu HI, 96815
$2,700,000
$270.00 per sqft
Active
22 Beds
10,000 sqft
Multi-family
Built in 1949
INCREDIBLE CASHFLOW OPPORTUNITY IN WAIKIKI priced at only $150,000 per unit. 18 solid concrete renovated units with 18 parking stalls on a total of 12,914 SF of land in world-famous Waikiki. The property has no trouble staying rented, and Waikiki typically has higher rent appreciation than other neighborhoods due to the year-round global demand. This property is leasehold with 40 years remaining on the ground lease and 15 years of known rent, making it financeable and eligible for a 1031 exchange. Ideal for a buyer looking to achieve a great return on their money for at least the next 40 years. Separately metered for electricity and tenants are billed back for water.
202408267
MLSⓇ ID
April 15, 2024
Listed
May 16, 2024
Updated
Map
331 & 333 Hobron Lane
Honolulu HI, 96815
Interior Features
Bedrooms
22
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
6,500 Acres
Lot Features
Cleared, Level
School Information
High School
Kaimuki
Elementary School
Lunalilo
Other Property Details
Area Name
Metro
Taxes
$13,308
Tax Frequency
Annually
Days on Market
31
Garage
No
Parking Total
18
View
No
County
Oahu
Water Source
Public
Pool
No
Zoning
X2 - Apartment Precinct
Courtesy of Standard Management LLC, Michael M Okamoto
Listing Contact: (808) 208-8107
Based on information from the Multiple Listing Service of HI - Honolulu Board of REALTORS / HiCentral (HBR) listings last updated on 5/16/2024 5:18 PM UTC. Information is deemed reliable but not guaranteed. Copyright: 2024 by the Honolulu Board of REALTORS®/ HICentral. Some of the active listings appearing 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, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require the use of other disclaimers as necessary to protect participants and/or the MLS from liability.
©2024 Honolulu Board of REALTORS®/ HICentral. All rights reserved.
Data last updated 5:18 PM UTC, 5/16/2024
