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Listed by NextHome KU Realty
$1,299,000
Est. payment /mo
UPDATED:
Key Details
Property Type Vacant Land
Sub Type Land
Listing Status Active
Purchase Type For Sale
Subdivision Koolaupoko
MLS Listing ID 202515906
HOA Y/N No
Annual Tax Amount $5,112
Property Sub-Type Land
Property Description
THIS SALE IS FOR THE LAND ONLY. DO NOT DISTURB THE TENANTS! DRIVE BY ONLY! You are buying the remaining leased fee interest in the land which will make you the lessor. The purchase includes all of the rights of a lessor and income. One very important lessor right is contained in paragraph 20 of the original lease. Ask your agent for a copy of the lease posted in the MLS supplements. Please discuss the ramifications of paragraph 20 in relation to the house on the land with your agent or attorney. This lease expires on 12/31/28. Rent, paid by tenant, is $400/year + property taxes. The fixed rent period ended December 31, 2003 and the annual rental payable for the period January 1, 2004 thru December 31, 2028 has not been agreed upon. Make all offers. CASH ONLY! Possession is subject to tenant lease. Seller shall credit buyer 2.5% of the sales price toward closing costs.
Location
State HI
County Oahu
Area Kailua
Interior
Fireplace No
Exterior
Exterior Feature None
Utilities Available Above Ground Utilities, Electricity Available, Sewer Available, Water Available, Sewer Connected
View Y/N No
View None
Present Use Residential,Single Family
Building
Lot Description Interior Lot, Other, Level
Sewer Connected
Water Public
Schools
Elementary Schools Kainalu
Middle Schools Kailua
High Schools Kalaheo
Others
Tax ID 1-4-3-077-092-0000
Special Listing Condition None
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