Fee Simple Residential Income
For Sale
Contact for pricing
Pending
98-288 Kaonohi St, Aiea, HI 96701
Fee simple interest is offered subject to a long-term lease, with the lessee responsible for association fees, taxes, and unit maintenance.
Property SizeContact for details
Days on Market132
Property Features for 98-288 Kaonohi St
General Information
Standard status
Pending
Property subtype
Multifamily
Listing Agency:
Compass Honolulu
(808) 825-4277
Listed By:
Ben Fieman · License #RB-23470
Source:
Crexi
Added: Apr 12
Changed: Aug 14
Last Checked: Aug 20 at 12:12AM
Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of Compass Honolulu
Investment Insights
Based on property information with market context.
The offering is a fee simple residential income portfolio sold subject to a long-term lease. The information provided in the materials is based on tax records and cannot be verified. The Seller is offering the fee interest only rather than the leasehold portion, and the leasehold improvements are described as reverting to the fee owner lessor when leases expire.
The public remarks state that the lessee is responsible for association fees, real property tax, and maintenance of the unit. Additional details on current lease rents, renegotiation dates, and expiration dates are said to be attached to the listing materials.
Please note the listing restrictions: no showings are allowed, prospective buyers are not permitted to see inside the units, and offers require emailing the listing agent first. The listing agent will provide the Seller contract to prospective buyers, and a management company is referenced as available to continue managing the assets for a favorable rate for a buyer.
The public remarks state that the lessee is responsible for association fees, real property tax, and maintenance of the unit. Additional details on current lease rents, renegotiation dates, and expiration dates are said to be attached to the listing materials.
Please note the listing restrictions: no showings are allowed, prospective buyers are not permitted to see inside the units, and offers require emailing the listing agent first. The listing agent will provide the Seller contract to prospective buyers, and a management company is referenced as available to continue managing the assets for a favorable rate for a buyer.
Key Highlights
- Fee simple interest offered subject to a long‑term lease with fee ownership maintained by the seller/lessor
- Lessee responsibilities include association fees, real property taxes, and maintenance of the unit
- At lease expiration, the leasehold improvements revert to the fee owner (lessor)
Property Analytics
Property Profile
Current Use
Location Intelligence
Demographics for 96701, HI
42,833
Population
15,407
Households
2.8
Avg Household Size
45
Median Age
39%
College-Educated
94%
High-School Grad
25.3 sq mi
ZIP Area
1,693
Density / Sq Mi
$107,888
Median Household Income
$58,224
Median Earnings
$1,930
Median Rent
$913,300
Median Home Value
Market
Vacancy Rate% for Multifamily in West region
Questions? Ask Rey
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Frequently Asked Questions
What type of property is this?
Multifamily property - Fee simple interest is offered subject to a long-term lease, with the lessee responsible for association fees, taxes, and unit maintenance.
Where is this multifamily property located?
The property is located at 98-288 Kaonohi St Aiea, HI.
What are key features of this property?
This property features: Fee simple interest offered subject to a long‑term lease with fee ownership maintained by the seller/lessor; Lessee responsibilities include association fees, real property taxes, and maintenance of the unit; At lease expiration, the leasehold improvements revert to the fee owner (lessor)
