Investment Opportunity: 1BR condo in the Heart of Honolulu - Under $300k and priced below Tax Assessed Value! This is your chance to own a piece of paradise in the heart of Honolulu in a prime location near Ala Moana Shopping Center and surrounded by newly built high rises. Whether you're looking for a rental income property or a cozy place to call home, this 1BR condo offers a prime investment opportunity! Buyer DOES NOT have to qualify under the previous HCDA guidelines, as this is an unrestricted unit.This unique condo is perched on the 5th top floor, offering stunning panoramic views of the cityscape. Enjoy the breathtaking sunsets and city lights from the comfort of your own home. Experience the charm of a gated boutique building, ensuring your privacy and security. Forget about parking hassles. This investment comes with secure parking in the garage, ensuring your vehicle is protected and easily accessible. And bring your furry friends along! This property is pet-friendly, so your four-legged companions can enjoy the island life too. With its proximity to the beach, restaurants, and shopping, you'll have endless opportunities to explore and savor the Hawaiian lifestyle.
HOA Fees Include: Cable TV, Internet Service, Other Common Expenses, Sewer, Water
Zoning: 13 - A-3 High Density Apartment
Flood Zone: Zone X
View: City
Furnished: None
Property Condition: Above Average
Owner Occupancy: 91%
Management Company: Hawaiiana
Security Features: Gated Community, Key
Amenities: Community Laundry, Meeting Room, Pool on Property, Wall/Fence
TMK: 1-2-3-18-22-160
Tax Assessed Land: $102,600
Tax Assessed Improvements: $219,600
Tax Assessed Total: $322,200
Courtesy: Soldier To Soldier HI Realty / (808) 312-7884
MLS: 202320362
Good to Know
Built in 1963, Studio - 2BR, Pets: OK (verify).
Ameneties include Community Laundry, Meeting Room, Pool.
Year 2014 remodeled and converted to condomenium. Sold with HCDA income and asset restrictions (no investors).
About Rycroft Terrace Ryocroft Terrace began life as part of the well-known Pagoda Hotel. Just across the street from the main building, as well as the equally famous Pagoda Restaurant, the landowner, Kamehameha Schools sold it to developer Peter Savio in 2013 under a special agreement.
The sale specified that this be a reserved housin..... Read more.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on May 03, 2024. Information is deemed reliable but not guaranteed.
Sold 10/20/23 at $312,000 (List Price: $299,999)
Description
Investment Opportunity: 1BR condo in the Heart of Honolulu - Under $300k and priced below Tax Assessed Value! This is your chance to own a piece of paradise in the heart of Honolulu in a prime location near Ala Moana Shopping Center and surrounded by newly built high rises. Whether you're looking for a rental income property or a cozy place to call home, this 1BR condo offers a prime investment opportunity! Buyer DOES NOT have to qualify under the previous HCDA guidelines, as this is an unrestricted unit.This unique condo is perched on the 5th top floor, offering stunning panoramic views of the cityscape. Enjoy the breathtaking sunsets and city lights from the comfort of your own home. Experience the charm of a gated boutique building, ensuring your privacy and security. Forget about parking hassles. This investment comes with secure parking in the garage, ensuring your vehicle is protected and easily accessible. And bring your furry friends along! This property is pet-friendly, so your four-legged companions can enjoy the island life too. With its proximity to the beach, restaurants, and shopping, you'll have endless opportunities to explore and savor the Hawaiian lifestyle.
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on May 03, 2024. Information is deemed reliable but not guaranteed.
Ameneties include Community Laundry, Meeting Room, Pool.
Year 2014 remodeled and converted to condomenium. Sold with HCDA income and asset restrictions (no investors).
About Rycroft Terrace Ryocroft Terrace began life as part of the well-known Pagoda Hotel. Just across the street from the main building, as well as the equally famous Pagoda Restaurant, the landowner, Kamehameha Schools sold it to developer Peter Savio in 2013 under a special agreement.
The sale specified that this be a reserved housin..... Read more.
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.
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.
