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 on the cooler side of the bldg, overlook your dedicated parking stall, & 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. Lease expires in September 2029 & monthly lease rent payments are $492. Present tenant has rental term till June 2026. Wonderful alternative for students, investors, & homeowners to own a property in this fast developing area of Honolulu.
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1
- Full Bathrooms: 1
Interior Features
Garage and Parking
- Parking Features: Assigned, One Space
- Parking Total: 1
Homeowners Association
- Association Amenities: Management
- Association Fee Includes: Sewer, Water
- Maintenance Expense: 800
Rental Info
- Lease Amount: 492
- Lease Expiration: 2029-09-01
Amenities and Community Features
- Community Features: Laundry Facilities
Other Property Info
- Annual Tax Amount: 960
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Inclusions: Cable TV,Range/Oven,Refrigerator
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: MOILIILI
- Parcel Number: 1-2-8-024-015-0034
- Postal City: Honolulu
- Subdivision: MOILIILI
- Zoning Description: 12 - A-2 Medium Density Apartme
- Property Subtype: Condominium
Building and Construction
- Total Square Feet Living: 300
- Year Built: 1972
- Building Area Total: 332
- Building Name: Varsity Villa
- Construction Materials: Hollow Tile
- Entry Level: 4
- Levels: Three Or More, One
- Property Age: 53
- Property Condition: Average Condition
- Levels or Stories: Three Or More,One
- Architectural Style: Low Rise
Home Features
- Security Features: Elevator Secured, Key Card Entry