Hawaiian Prince Apts Ltd Condo/Townhouse 1 bedroom $86,000 MLS:202418807

In the heart of Waikiki, this corner one-bedroom one-bathroom unit, right below the penthouse, is conveniently within walking distance to world-famous Waikiki Beach and the International Marketplace with a soon to open Target store is less than a two minute walk away. The Hawaiian Prince Apartments is a secure well-maintained co-op 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.” The 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 portion increases 3% annually. The unit is being conveyed fully-furnished as-is. Minimum 30-day rentals building and this unit has strong 30-day rental income history. There is a short wait list for onsite secured parking. Fee purchase and financing is not available. Currently tenant occupied, showings are only available after receiving an accepted offer with an inspection/showing contingency.