331 & 333 Hobron Lane is a $2,700,000, 10,000 square foot home on a 0.15 acre lot located in Honolulu, HI.
INCREDIBLE CASHFLOW OPPORTUNITY IN WAIKIKI priced at only $150,000 per unit. 18 solid concrete renovated units with 18 parking stalls on a total of 12,914 SF of land in world-famous Waikiki. The property has no trouble staying rented, and Waikiki typically has higher rent appreciation than other neighborhoods due to the year-round global demand. This property is leasehold with 40 years remaining on the ground lease and 15 years of known rent, making it financeable and eligible for a 1031 exchange. Ideal for a buyer looking to achieve a great return on their money for at least the next 40 years. Separately metered for electricity and tenants are billed back for water.
| Total Square Feet | 10,000 |
| Interior Features | Furnished - Partial Utilities - Cable |
| Cooling Types | Amenities - A/C |
| # Parking Spaces | 18 |
| Parking Types | Assigned |
| Exterior Features | Amenities - Secured Lobby Utilities - Gas Utilities - Internet Utilities - Overhead Electricity |
| Views | Sunset |
| Construction Types | Concrete Property Condition - Above Average Property Condition - Excellent |
| Land Type | Clear Lot Property Frontage - Other Topography - Level |
| Water Source | Utilities - Public Water Utilities - Water |
| Sewer | Easements - Sewer Utilities - Sewer Fee Connected |
| Property Type | Multi-Family |
| Property Sub Type | Multi-Family |
| Style Characteristics | Multi-Family |
| Style | Leasehold |
| Year Built | 1949 |
| Maintenance Expenses | $0.00 |
| Elementary School | lunalilo |
| Middle School | washington |
| High School | kaimuki |
| Neighborhood | Waikiki |
Based on information from the HICENTRAL MLS LTD., last updated 09/09/2024 at 08:04pm MDT. Listing information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information deemed reliable but not guaranteed by the MLS or this website.
