Fee Simple Residential Income
98-288 Kaonohi St Aiea, HI 96701
98-288 Kaonohi St, Aiea, HI, 96701
Contact for pricing
For Sale
Contact for pricing
Pending
Fee simple interest is offered subject to a long-term lease, with the lessee responsible for association fees, taxes, and unit maintenance.
Days on Market102
Property Features for 98-288 Kaonohi St
General Information
- Standard status
- Pending
- Property subtype
- Multifamily
Listing agency
Compass Honolulu
Listed by
Ben Fieman · License #RB-23470
Source
Crexi
Added: Apr 12 Updated: Jul 21 at 8:48PM Checked: Jul 21 at 8:48PM
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)
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Current Use by Public Records
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FAQs
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)
