Varsity Villa Condo/Townhouse $24,500 MLS:202519265

Leasehold studio with possible fee purchase available for $200,000. Buyer’s will need to be preapproved by Lessors with a $1000.00 application fee paid directly to Lessors & a list of requirements are listed in Supplemental page. Centrally located in close proximity to all that the University/Moiliili area provides – within minutes from our acclaimed University of Hawaii, numerous eateries, & easy access to freeways. This functional studio has a flexible floorplan & is near the elevator. The community laundry room is secured & conveniently located on lower level lobby are which is also secured. Fabulous opportunity to buy a property in this price range – CASH ONLY since the lease terms have not been negotiated. Land lease expires in 2029 with monthly lease rent of $492.00 Present tenant has rental term till March 2026 & prefers late afternoon showings. Wonderful alternative for students, investors, & homeowners to own a property in this fast developing area of Honolulu.