Hawaiian Prince Apts Ltd Condo/Townhouse 1 bedroom $150,000 MLS:202407300

A rare opportunity to experience PENTHOUSE living in the heart of Waikiki. The Hawaiian Prince Apartments is a secure well-maintained cooperative elevator building with a resident manager. This is a LEASEHOLD property with the ground lease ending on “March 31, 2040, PROVIDED HOWEVER, that on or after March 31, 2030, Lessor(Queen Emma Land Co.) should have the absolute right to terminate said Lease SUBJECT TO the conditions set forth in said Lease.” Owner’s monthly expenses:$677.01(ground lease rent)+$401.19(monthly maintenance fee)+$91.62(monthly property tax)=$1,169.82/total per month. ONLY the ground lease rent amount increases 3% annually. The unit is being conveyed fully-furnished as-is. Minimum 30-day rental building and this unit has strong 30-day rental income history. There is a short wait list for onsite secured assigned parking for resident’s use which is $100/mo. There is a short wait list for onsite secured parking. The soon to open Target Waikiki is only a few steps away! Unit is currently occupied, showings are only available after receiving an accepted offer with an inspection/showing contingency.