Hawaiian Prince Apts Ltd Condo/Townhouse 1 bedroom $70,000 MLS:202407250

In the heart of Waikiki, this spacious 1BD/1BA corner-unit is conveniently within walking distance to world-famous Waikiki Beach and the International Marketplace. The Hawaiian Prince Apartments is a secure well-maintained cooperative elevator building with a resident manager. This is a LEASEHOLD property, the ground lease ends on “March 31, 2040, PROVIDED HOWEVER, that on or after March 31, 2030, Lessor(Queen Emma) 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 ground lease rent increases 3% annually. The unit, the largest 1BD floor plan, was renovated in 2019 including new fixtures and appliances. 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. Being sold as-is. Currently occupied, showings are only available after receiving an accepted offer with an inspection/showing contingency.