703 Kihapai Place, Kailua, HI 96734
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703 Kihapai Place, Kailua, HI 96734
703 Kihapai Place, Kailua, HI 96734
703 Kihapai Place, Kailua, HI 96734
703 Kihapai Place, Kailua, HI 96734
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Anthony Cox

Anthony Cox

+1(808) 646-2522
$ 1,939,000
Est. payment /mo
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Active

703 Kihapai Place Kailua, HI 96734

8 Beds

4 Baths

2,080 SqFt

UPDATED:

Key Details

Property Type Other Types

Sub Type Single Family

Listing Status Active

Purchase Type For Sale

Square Footage 2,080 sqft

Price per Sqft $932

MLS Listing ID 202421899

Style Duplex,Multiple Dwellings

Bedrooms 8

Full Baths 4

Year Built 1956

Lot Size 6,000 Sqft

Acres 6000.0

Property Sub-Type Single Family

Property 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.

Location

State HI

County Kailua

Area Kailua

Zoning Zone AH

Interior

Heating Cable, Internet, Overhead Electricity, Public Water, Sewer Fee

Flooring Laminate, Other

Inclusions None

Furnishings None

Exterior

Parking Features 3 Car+

Garage Spaces 5.0

Pool None

Utilities Available Cable, Internet, Overhead Electricity, Public Water, Sewer Fee

Amenities Available None

View Mountain, Other

Total Parking Spaces 5

Building

Lot Description Clear

Story One

Others

Ownership FS - Fee Simple

Honolulu Board of REALTORS® - HiCentralMLS
Listed by Town and Country Real Estate

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