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.
Mls | 202421899 |
---|---|
Listing Type | For Sale |
Style | Detachd |
Status | Active |
Year | 1956 |
Days On Site | 52 |
Listing Provided By | Town and Country Real Estate | Tony Groman |
Beds | 8 |
---|---|
Baths | 4 Total |
Sq Feet | 2,080 |
Storys | 1 |
Property View | Mountain, Other |
State | HI |
---|---|
City | Kailua |
Zip Code | 96734 |
Area | Oahu |
Listing VS Median (in 96734) | |
Price: $1,939,000 low | high Med: $1,449,500 SqFt: 2,080 low | high Med: 1,807 $ / SqFt: $932 low | high Med: $865 On Site: 52 low | high Med: 94.000000 |