$1,939,000
 $10,409 forsale estimated payment Sourced by Back At You

703 Kihapai Place , Kailua, HI 96734

Kailua, HI 96734

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Description

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.

Details

Mls202421899
Listing TypeFor Sale
StyleDetachd
StatusActive
Year1956
Days On Site52
Listing Provided ByTown and Country Real Estate | Tony Groman

Features

Beds8
Baths 4 Total
Sq Feet2,080
Storys1
Property ViewMountain, Other

Market Activity 96734

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Learn More About This Property

StateHI
CityKailua
Zip Code96734
AreaOahu
Listing VS Median (in 96734)
Price:
$1,939,000
low | high
Med:
$1,449,500
75.244971634863% of Average
SqFt:
2,080
low | high
Med:
1,807
63.149038461538% of Average
$ / SqFt:
$932
low | high
Med:
$865
57.235028081862% of Average
On Site:
52
low | high
Med:
94.000000
55.31914893617% of Average
Sourced by Back At You
Listing Updated: November 22, 2024 at 3:41:24 PM PST
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