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300 Wai Nani Way #Apt II2412, Honolulu, HI 96815
$450,000
300 Wai Nani Way #Apt II2412, Honolulu, HI 96815View this property at 300 Wai Nani Way #Apt II2412, Honolulu, HI 96815
300 Wai Nani Way #Apt II2412HonoluluHI96815
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Property Description
Amazing investment opportunity! This property is not for owner occupants. Owner is selling only the FEE INTEREST. The leasehold interest is owned by a Japanese corporation that consistently pays the current annual lease rent of $10,817 on time. There will be two more lease rent renegotiations, in 2024 and 2034, before the lease expires 10/31/2039. At lease expiration the fee owner will then own the fee simple interest in this 2-bedroom 2-bath unit and can move in, rent, or sell the unit. Recent fee simple 2-bedroom 2-bath units in this community sold between $615,000 and $632,000, and recent rentals have been $3,000 to $3,500 monthly. Great potential for increased lease rent and appreciation in the remaining 15 years of the lease! During those 15 years the fee owner doesn't have to worry about finding tenants or paying for repairs, maintenance/association fees, property taxes, or any assessments because the leasehold owner is responsible for those expenses. There is no access to see the interior of the unit - leasehold owner has no obligation to provide access. The purchase of this unit will need to be cash or high down payment financing.
Full Property Details
Full Property Details for 300 Wai Nani Way #Apt II2412
General
- Price: $450,000
- Taxes: (2024)
- Status: Active
- Type: Condo /Townhouse
- MLS ID: 202400403
- Updated: 1/19/2024
- Added to Site: 104 day(s) ago
Interior
- Laundry Facilities: Yes
- Furnishings: Partial
- Flooring: Other
Rooms
Bathrooms
- Total Bathrooms: 2
- Full Bathrooms: 2
Bedrooms
- Total Bedrooms: 2
Additional Information
- Amenities: BBQ, Club House, Community Laundry, Condo Association Pool, Fire Sprinkler, Meeting Room, Pool on Property, Recreation Area, Resident Manager, Security Guard, Tennis Court, Trash Chute, Walking/Jogging Path, Whirlpool
- Pool: Yes
- Tennis: Yes
- Security/Safety: Key, Keyed Elevator, Security Patrol, Video
Parking
- Garage: Yes
- Parking Features: None, Garage, Guest, Other, Secured Entry, Street
Location
- Area: Metro
- County: Oahu
- Neighborhood: WAIKIKI
- Building Name: Liliuokalani Gardens
School Information
- Elementary School: Jefferson
- Middle School: Washington
- High School: Kaimuki
Community
- Community Features: Bedroom on 1st Level, Central AC, Even# Unit, Full Bath on 1st Floor, Single Level
- Assoc. Fees Include: AC Central, Cable TV, Hot Water, Internet Service, Sewer, Water, None
- Mgmt. Company: Touchstone
Structural Information
- Architectural Style: High-Rise 7+ Stories
- Exterior Const.: Above Ground, Concrete
- Elevator(s ): 4
- Stories Description: 21
- Square Feet: 944
- Living Area: 944 Sq. Ft.
- Year Built: 1984
- Property Condition: Excellent
Lot Features
- Property View: Garden, Marina/Canal
- Lot Size (Sq. Ft.): 119,659
- Zoning: X2 - Apartment Precinct
Water Features
- Water View: Yes
Financial Considerations
- Tax Year: 2024
- Terms: Cash, Conventional
Disclosures and Reports
- Buyer’s Brokerage Compensation: 2.5%
- Ownership: FS - Fee Simple
- Special Conditions: None
- Land Tenure: Fee Simple
- Inclusions: AC Central, Cable TV, Dishwasher, Range/Oven, Refrigerator, Smoke Detector
- Flood Zone: Zone AE
- Disclosures/Reports: Call Listor, Property Disclosure Stmt, See Remarks
- Property ID: 1-2-6-028-049-0370
Listed by Compass
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Schools
Schools serving 300 Wai Nani Way #Apt II2412
School District:Hawaii Department Of Education
Rating | Name | Grades | Distance |
---|---|---|---|
324 Kapahulu Ave, Honolulu, HI 96815 | K-5 | 0.1 mi | |
1633 S King St, Honolulu, HI 96826 | 6-8 | 1.7 mi | |
2705 Kaimuki Ave, Honolulu, HI 96816 | 9-12 | 0.7 mi |
Disclaimer: School ratings provided by
GreatSchools. Ratings are on a scale of 1-10.
Learn more about GreatSchools ratings.
School attendance boundaries provided by Pitney Bowes and are for reference only. Contact the school directly to verify enrollment eligibility.
Price & Sales History for 300 Wai Nani Way #Apt II2412
Date
Details
Price
Change
Source
1/15/2024
Listed
$450,000
45.63%
MLS
6/07/2019
Sold
$309,000
—
Public Record
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Tax History
Tax History for 300 Wai Nani Way #Apt II2412
Year
Property Taxes
Change
Tax Assessment
Change
2022
$2,152
100%
$681,300
11%
2022
$1,078
-52%
$614,800
-4%
2021
$2,250
—
$642,800
1%
2021
$2,250
-4%
$639,400
-4%
2019
$2,335
8%
$667,200
8%
2018
$2,162
4%
$617,600
4%
2017
$2,083
—
$595,200
—
2016
$2,087
2%
$596,300
2%
2015
$2,049
-4%
$585,300
1%
2013
$2,140
—
$579,500
—
Disclaimer: Historical tax information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
Estimate the Cost
Estimate the Cost for 300 Wai Nani Way #Apt II2412
300 Wai Nani Way #Apt II2412, Honolulu, HI 96815 (MLS# 202400403) is a Condo / Townhouse property with 2 bedrooms and 2 full bathrooms. 300 Wai Nani Way #Apt II2412 is currently listed for $450,000 and was received on January 15, 2024. Want to learn more about 300 Wai Nani Way #Apt II2412? Do you have questions about finding other Condo / Townhouse real estate for sale in Waikiki? You can browse all Waikiki real estate or contact a Coldwell Banker agent to request more information.