703 Kihapai Place Kailua, HI 96734
Listing
Overview
Price: $1,939,000
Area: COCONUT GROVE
Status: Active
A2 zoned 6,000sq ft lot with two duplexes (4 units total, current total rental income $8,675 per month) just a few blocks away from Kailua town. Beautiful mountain views and Maunawilli stream frontage. Walking distance to shops and restaurants, easy access to the Pali Highway. Each unit is a 2bed/ 1bath. 4 electric meters, recently applied for permitting to upgrade all 4 electric meters to 100amp each. One water meter, recently upgraded all water supply lines to copper. The average rent per unit currently is approx $2,169/month. Some rents are below market value. Great tenants, all of them currently are on month-to-month leases and would love to stay. Current monthly expenses: $400 water, $75 yard service, $179 insurance. GE tax $390, property tax $436 per month. Zoning allows for a wide variety of development ideas with one of the lowest tax rates available in Hawaii. Sellers might do 1031 Exchange. Listor is a licensed real estate broker and one of the owners. Multiple tenants, please allow enough time to arrange it when scheduling a showing. Proof of funds/ pre-approval is requested before showing. Please do not disturb the tenants. Also listed in Multi Family MLS#202421887. Listing by: Town and Country Real Estate (808) 389-4004
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- BedsTotal: 8
- Full Baths: 4
- Land Area (sf): 6,000
- Living (sf): 2,080
- Year Built: 1956
- Property Condition: Above Average,Average
- Number of Parking Spaces: 5
- View: Mountain,Other
- Listing Office: Town and Country Real Estate
- Maintenance Fees: $0
- Land Tenure: FS - Fee Simple
