“Condo-tel” might be a term you are unfamiliar with. Here at the Hawaiian Monarch, you can experience it firsthand. This building at 444 Niu Street in Waikiki is more than just a place to stay. It is an investment opportunity wrapped in a vacation paradise.
Built in 1979, the Hawaiian Monarch stands tall with 44 stories. It houses 432 units. Most are studios or one-bedroom apartments. Many offer stunning views. You can see the ocean, city, or mountains. The large windows flood each unit with natural light.
The Hawaiian Monarch isn’t just about the rooms. It boasts a range of amenities. Take a dip in the pool. Work out in the fitness center. Relax on the roof deck. You can rest assured with 24-hour security. There is even a restaurant on-site.
One of the unique aspects of the Hawaiian Monarch is its mix of tenure. Some units are owned, while others are leasehold properties. If you consider buying, pay close attention to the lease terms. They significantly impact the overall cost.
Are you thinking about investing? The Hawaiian Monarch allows legal short-term vacation rentals. Owners can rent their units through platforms like Airbnb and Vrbo. This offers a chance to tap into Waikiki’s thriving tourism market. But remember, returns aren’t guaranteed. Market conditions play a significant role.
The location of the Hawaiian Monarch is ideal. It sits along the Ala Wai Canal. Waikiki Beach is a short walk away. Nearby, you’ll find the Royal Hawaiian Center and the International Market Place. Golfers can enjoy the Ala Wai Golf Course. Shopaholics will appreciate the proximity to Ala Moana Shopping Center.
Units in the Hawaiian Monarch vary in price. They typically range from $250,000 to around $979,000. Maintenance fees range from $377 to $2,202. Owner occupancy is relatively low at only 6%.
The Hawaiian Monarch offers a unique blend of island living and investment potential. Its amenities, location, and rental options make it a popular choice in Waikiki.