201 Ohua Avenue # 605 (nuc), Honolulu, HI

About 201 Ohua Avenue # 605 (nuc)

Best price! Waikiki Banyan #605-2 offers a fantastic opportunity for investors, second-home buyers, or primary residence. This 1-bedroom, 1-bathroom unit comes with a Non-Conforming Use Certificate (NUC, which currently costs less than the Bill 41 TVU license), making it eligible for short-term vacation rentals—perfect for capitalizing on a limited short-term rental market. The unit is priced to sell and, while it needs updating, it offers great potential for customization. The 6th-floor location allows for an in-unit washer/dryer, adding convenience for owners and renters alike. Additionally, the property includes one unassigned parking stall, a valuable feature in this prime Waikiki location. The building is financially solid with recent capital improvements, including re-piping of the sewer lines and modernized elevators. With its prime location steps from Waikiki Beach and all the local amenities, this unit is an excellent choice for those seeking both flexibility and value in a vacation rental building.