Who says a leasehold property on Oahu can't be a good investment? This Salt Lake building has 64 years left on the lease with an extremely low lease rent that doesn't renegotiate! Low maintenance fee and good rental income = positive cash flow. Excellent security, central location and great amenities all translate into easy to rent. Recently rented for $1,000 per month. This unit is in great condition, but is sold "As Is".
HOA Fees Include: Other Common Expenses, Sewer, Water
Zoning: 12 - A-2 Medium Density Apartme
Flood Zone: Zone D
Elementary School: Salt Lake
Middle School: Moanalua
High School: Moanalua
Property Condition: Above Average
Owner Occupancy: 16%
Management Company: Hawaiiana
Security Features: Key, Keyed Elevator, Security Patrol, Video
Amenities: BBQ, Community Laundry, Meeting Room, Patio/Deck, Pool on Property, Recreation Area, Recreation Room, Resident Manager, Sauna, Security Guard, Tennis Court
TMK: 1-1-1-62-24-45
Tax Assessed Land: $14,600
Tax Assessed Improvements: $146,700
Tax Assessed Total: $161,300
Courtesy: Prudential Advantage Realty
MLS: 201416205
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on May 02, 2024. Information is deemed reliable but not guaranteed.
Sold 10/23/14 at $129,000 (List Price: $128,888)
Description
Who says a leasehold property on Oahu can't be a good investment? This Salt Lake building has 64 years left on the lease with an extremely low lease rent that doesn't renegotiate! Low maintenance fee and good rental income = positive cash flow. Excellent security, central location and great amenities all translate into easy to rent. Recently rented for $1,000 per month. This unit is in great condition, but is sold "As Is".
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on May 02, 2024. Information is deemed reliable but not guaranteed.
You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner. Leasehold Expiry: 12/01/78
Buyer and Seller have reached an agreement and are under contract. However, the sale is still subject to one or more contingencies.
We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000. Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
Other fees could be a special assessment, reserve contributions etc.
DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.