599 Keolu Drive Unit B Kailua, HI 96734

Listing
Overview

Price: $1,299,000
Area: KUKILAKILA
Status: Active

Looking for a 1031 Exchange investment property with steady cash flow and potential long-term capital appreciation? Consider Kukilakila Lakefront Development - a waterfront community of Enchanted Lake in Kailua that is peaceful, pet friendly, has resort like amenities and is just minutes to Kailua Town shops and restaurants. This townhouse comes with 4 tenants on 12 month leases earning $8670 per month in gross monthly income; a Gross Rent Multiplier (GRM) of only 12.7, not to mention the demonstrated history of capital appreciation of over 50% in the last 6 years. The property floorplan has been successfully modified from current tax records and renovated to maximize rental income (4 beds and 4 associated baths with each room equipped with WIFI enabled security keypad locks). The renovations were completed with high quality materials and substantially performed by licensed contractors. The unit is being Sold "As-Is" and is priced accordingly to reflect the unpermitted and non-conforming status of the renovations. Maintenance fees are low and cover a lot. HOA has 100% hurricane insurance. Listing by: Hawaii Life (808) 728-1230

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  • BedsTotal: 3
  • Full Baths: 2
  • Half Baths: 1
  • Land Area (sf): 1,794
  • Living (sf): 1,716
  • Year Built: 1973
  • Building Name: Kukilakila

  • Property Condition: Excellent,Above Average
  • Number of Parking Spaces: 4
  • View: Mountain,Sunrise,Sunset
  • Listing Office: Hawaii Life

  • Maintenance Fees: $709
  • Land Tenure: FS - Fee Simple

  • Elementary School: Kaelepulu
  • Middle School: Kailua
  • High School: Kailua

CONTACT US

Marcus Realty

#RB-7120
info@marcushawaii.com
(808)839-7446