1860 Ala Moana Boulevard Unit 509, Honolulu, HI 96815

Property Description

This unit has been repossessed by the Lessor. The buyer will have the opportunity to purchase the 2069 lease extension through November 30, 2026 for $45,000. This will grant the buyer a 43-year lease. The total purchase price would be $137,000 (3 bedroom / 3 bathrooms) + $45,000 (lease extension to 2069) = $182,000. Please refer to the attached extended lease term sheet for further details. Unique apartment 509 is a two-bedroom, two-bathroom apartment with central air conditioning, totaling 1,180 square feet and featuring 124 square foot private lanai. The property TMK also includes a separate unit with a private entrance, which is a one-bedroom, one-bathroom unit with a living area of 574 square feet and a separate central air conditioning unit. The units are separated by an 806 square foot private patio/yard. The separate one-bedroom unit requires major repairs and was being used as a storage unit. This property is being sold “AS IS.” The seller will not undertake any repairs or cover any reports that benefit the buyer, including termite inspections. The buyer is responsible for conducting their own due diligence. Fee not available to purchase at this time, only extended lease.