599 Keolu Drive #B, Kailua, HI 96734
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599 Keolu Drive #B, Kailua, HI 96734
599 Keolu Drive #B, Kailua, HI 96734
599 Keolu Drive #B, Kailua, HI 96734
599 Keolu Drive #B, Kailua, HI 96734
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599 Keolu Drive #B Kailua, HI 96734

3 Beds

2.5 Baths

1,716 SqFt


UPDATED:

Key Details

Property Type Other Types

Listing Status Active

Purchase Type For Sale

Square Footage 1,716 sqft

Price per Sqft $772

MLS Listing ID 202423607

Style Townhouse

Bedrooms 3

Full Baths 2

Half Baths 1

Maintenance Fees $709

Year Built 1973

Lot Size 1,794 Sqft

Acres 1794.0

Property Description

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.

Location

State HI

County Kailua

Community Kukilakila

Area Kailua

Zoning Zone X

Interior

Flooring Ceramic Tile, Vinyl

Inclusions AC Split, AC Window Unit, Attic Fan, Auto Garage Door Opener, Cable TV, Ceiling Fan, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Smoke Detector, Washer, Water Heater

Furnishings None

Exterior

Parking Features Garage, Guest, Open - 2, Street

Garage Spaces 4.0

Amenities Available BBQ, Boat Dock, Club House, Community Association Pool, Exercise Room, Heated Pool, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Walking/Jogging Path, Wall/Fence

View Mountain, Sunrise, Sunset

Total Parking Spaces 4

Building

Story Two

Schools

Elementary Schools Kaelepulu

Middle Schools Kailua

High Schools Kailua

Others

Ownership FS - Fee Simple


Honolulu Board of REALTORS® - HiCentralMLS
Listed by Hawaii Life

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