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View Description: City, Diamond Head
Listing Agent Remarks: unit condition - Excellent.
"this high floor, spacious 1-bedroom unit has been updated and well maintained offering you a turn-key experience to enjoy the iconic lifestyle at discovery bay in waikiki. offered fully furnished, you can simply bring your suitcase and move right in and enjoy hawaii living on your terms. currently tenant occupied, this would also make a wonderful investment property as you could earn income on day 1 too. discovery bay has been making headlines as the aoao has been acquiring the fee interest and now the aoao owns nearly 97% of the fee interest. starting in 2024, you could even purchase the majority fee simple interest and reduce your monthly expenses. although this is currently a leasehold building, discovery bay homeowners association recently purchased additional leasehold interest that will make this a 96.893% fee simple unit. fee interest can be acquired and conveyed to this unit in early 2024. this is a qualified fee simple building, meaning it will be 100% fee simple in the future."
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