Honolulu, 2029 Ala Wai, 96815
First time EVER available at Ala Wai Mansion and possibly the only time selling! Here’s your chance to purchase the lease-fee interest in a building! This is for the LAND ONLY underneath the building. As an owner of the lease-fee interest you receive monthly lease-rent payments, a step-up every 10 years (increasing 2021), and the actual condo unit at the end of the leasehold terms in 2050! Leasehold owner pays ownership costs: maintenance, real property tax, and homeowner’s insurance. No access to unit, sight unseen. First come first serve for all unit(s) available!
Status:
Active
List Price:
$223,500
Address:
Honolulu, 2029 Ala Wai, 96815
Neighborhood:
WAIKIKI
Building Name:
Ala Wai Mansion
Bedrooms:
2
Full Baths:
2
Land Area (sf):
9,932
Living (sf):
1,251
Year Built:
1971
Maintenance Fees:
$1,020
Property Tax:
$253
Land Tenure:
FS - Fee Simple
Property Condition:
Average
Number of Parking Spaces:
1
View:
None
Listing Office:
Coldwell Banker Pacific Prop.
