Since the lease expires in 2023, there is no financing available.
With rates as low as they are, very often a similar fee simple property can have similar or lower payments. With a 30-year loan vs. a 15 or 20-year loan and no leasehold monthly fees, it may make sense to look at fee simple properties. Talk to your mortgage broker or email me and I can snd you the name of 2 or 3 lenders to discuss this with.
Thank you for your question regarding 234 Ohua Ave. #118, Honolulu, HI and priced at $94,500. After reviewing the information in our Mulitple Listing Service, it looks like this condo does not have a washer/dryer in the unit itself, however it says there is community laundry. It shows that there is no parking associated with this property. I will call the listing agent in the morning to find out more information about additional/termporary parking.
The taxes for this property are approximately $17 a month. The lease rent per month is $321. If you would like more information about Leasehold (LH) properties, I'd be happy to send you an informational packet.
If you would like any additional information please feel free to send me an email or give me a call.
Hillary Sibley, (R)
Century 21 All Islands