$225,000

85-200 Ala Hema St Unit B Waianae, HI 96792

Estimated payment $1,285/month

Total Views 9,603
3 Beds
1.5 Baths
951 Sq Ft
$237 Price per Sq Ft

Highlights

  • Resident Manager or Management On Site
  • Ceramic Tile Flooring
  • Property is in excellent condition

About This Home

Turnkey Investment Opportunity! This 3 bedroom, 1.5 bath, 2 story townhome was recently renovated in 2023, bringing in current rents of $2600 a month on a lease that expires 11/30/2025. Enjoy both a large, enclosed backyard with papaya and starfruit trees and an enclosed front yard with ample storage. Home is in close proximity to shopping, public transportation, restaurants, schools and beaches. Options to extend the lease to 12/31/2055 allow this leasehold property to receive traditional financing, bringing affordable home ownership and investing into reach. Submit your offer today and get on the path of owning your piece of paradise.

Listing Agent

Danielle Butler

Talk Realty LLC License #RS-81230 Listed on: 03/15/2025

Talk Realty LLC

Property Details

Home Type

  • Condominium

Est. Annual Taxes

  • $816

Year Built

  • Built in 1974

Lot Details

  • Property is in excellent condition

Home Design

  • Wood Frame Construction

Interior Spaces

  • 951 Sq Ft Home
  • 2-Story Property

Flooring

  • Ceramic Tile
  • Vinyl

Bedrooms and Bathrooms

  • 3 Bedrooms

Parking

  • 2 Parking Spaces
  • Assigned Parking

Listing and Financial Details

  • Assessor Parcel Number 1-8-5-027-056-0000

Community Details

Overview

  • Association fees include common areas, hot water, sewer, water
  • Ulu Wehi Condos
  • Waianae Subdivision

Security

  • Resident Manager or Management On Site

Property Details

Home Type

Condominium

Est. Annual Taxes

$816

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Architectural Style: Multi-Level
  • Building Name: Ulu Wehi
  • Inclusions: Ceiling Fan,Disposal,Range Hood,Range/Oven,Refrigerator,Smoke Detector,Water Heater
  • Property Sub Type: Condominium
  • Prop. Type: Residential
  • Year Built: 1974
  • Association Amenities: Management
  • MLS Status: Active
  • Subdivision Name: WAIANAE
  • Entry Level: 2
  • Unit Levels: Two
  • Living Area: 951.0
  • New Construction: No
  • Tax Year: 2025
  • Special Features: None

Interior Features

  • Flooring: Ceramic Tile, Vinyl
  • Furnished: Unfurnished
  • Full Bathrooms: 1
  • Half Bathrooms: 1
  • Total Bedrooms: 3
  • Stories: 2

Exterior Features

  • Construction Type: Hollow Tile, Wood Frame
  • Property Condition: Average Condition, Excellent, Good Condition
  • View: None
  • View: No
  • Disclosures: Owner Is Listing Agent, Principal is Real Estate Licensed, Seller Disclosure, See Remarks

Garage/Parking

  • Parking Features: Assigned
  • Total Parking Spaces: 2.0

Fee Information

  • Association Fee Includes: Common Areas, Hot Water, None, Sewer, Water

Lot Info

  • Parcel Number: 1-8-5-027-056-0000
  • Zoning Description: 05 - R-5 Residential District

Rental Info

  • Land Lease Amount: 62.25

Multi Family

  • Maintenance Expense: 286.0
  • Lease Expiration: 2030-08-26

Tax Info

  • Tax Annual Amount: 815.88

Map

Range of Values:

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Home Values in the Area

Source: Public Records

Average Home Value in this Area





Source: Public Records

Tax History

Year Tax Paid Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. Land Improvement
2025 $816 $288,600 $210,100 $78,500
2024 $816 $233,100 $159,100 $74,000
2023 $747 $213,300 $159,100 $54,200
2022 $687 $196,300 $138,100 $58,200
2021 $670 $191,500 $126,100 $65,400
2020 $613 $175,200 $102,000 $73,200
2019 $534 $152,600 $96,000 $56,600
2018 $538 $153,700 $96,000 $57,700
2017 $400 $114,300 $51,000 $63,300
2016 $399 $113,900 $45,000 $68,900
2015 $402 $114,900 $45,000 $69,900
2014 -- $102,100 $30,000 $72,100
Source: Public Records

Property History

Date Event Price Change Sq Ft Price
03/15/2025 03/15/25 For Sale $225,000 +125.0% $237 / Sq Ft
10/09/2022 10/09/22 Off Market $100,000 -- --
10/07/2022 10/07/22 Sold $100,000 -20.0% $105 / Sq Ft
08/01/2022 08/01/22 Pending -- -- --
06/06/2022 06/06/22 Price Changed $125,000 -24.2% $131 / Sq Ft
04/21/2022 04/21/22 Price Changed $165,000 -21.4% $174 / Sq Ft
04/04/2022 04/04/22 For Sale $210,000 -- $221 / Sq Ft
Source: HiCentral MLS (Honolulu Board of REALTORS®)

Mortgage History

Date Status Loan Amount Loan Type
Closed $45,000 New Conventional
Source: Public Records

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Source: HiCentral MLS (Honolulu Board of REALTORS®)

MLS Number: 202506965

HiCentral MLS (Honolulu Board of REALTORS®)

APN: 1-8-5-027-056-0000