This high-floor unit in the Waikiki Banyan Tower-1 offers partial ocean view from lanai and is just minutes away from Waikiki Beach, premier shopping, and fine dining. Currently enrolled in the Aqua-Aston Hotel Rental Program, this unit provides a perfect balance of personal use and investment income. It is in great condition, thanks to daily maid service and maintenance provided by the hotel rental program. Elevator modernization and renovation of the amenity deck on the 6th floor are in progress, without assessments. Fire sprinklers and recently installed new DWV piping system throughout the building add to the overall value and peace of mind. While the unit comes with the sandwich lease ($52.20 per month), it will end in November 2035, after which the property will be 100% fee simple property. This is an incredible opportunity to own a property with excellent rental potential and long-term value. Don't miss out on this exceptional opportunity!
Property Features
Bedrooms
Bathrooms
- Total Bathrooms: 1 / 0
- Full Bathrooms: 1
Interior Features
- Furnished Description: Full
- Flooring: Ceramic Tile, W/W Carpet
Land Info
- Lot Size Acres: 2.2910008
- Lot Size Square Feet: 99796
Garage and Parking
- Parking Features: Covered - 1, Unassigned
- Parking Total: 1
Home Features
- View: City, Mountain, Ocean
Homeowners Association
- Association: No
- Calculated Total Monthly Association Fees: 0
- Maintenance Expense: 721.76
School Information
- Elementary School: Jefferson
- High School: Kaimuki
- Middle School: Washington
Amenities and Community Features
- Community Features: BBQ, Community Laundry, Condo Association Pool, Fire Sprinkler, Patio/Deck, Playground, Recreation Area, Resident Manager, Sauna, Security Guard, Tennis Court, Trash Chute, Whirlpool
Other Property Info
- Corner/End
- Even# Unit
- Single Level
- Annual Tax Amount: 7224.00
- Source Listing Status: Active
- Source Property Type: Condo/Townhouse
- Inclusions: AC Window Unit, Cable TV, Disposal, Drapes, Microwave Hood, Microwave, Range/Oven, Refrigerator, Smoke Detector
- Area: Metro
- Property Subtype: condo
- Source Neighborhood: WAIKIKI
- Ownership Type: Fee Simple
- Parcel Number: 1-2-6-25-5-306
- Subdivision: WAIKIKI
- Source System Name: C2C
Building and Construction
- Total Square Feet Living: 600
- Year Built: 1977
- Building Name: Waikiki Banyan
- Construction Materials: Concrete
- Entry Level: 29
- Property Age: 47
- Property Condition: Above Average
- Levels or Stories: 21+
- House Style: Condotel, High-Rise 7+ Stories
- Year Remodeled: 2009