REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 1,939,000
Est. payment /mo
Active
703 Kihapai Place Kailua, HI 96734
2,080 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,080 sqft
Price per Sqft $932
MLS Listing ID 202421887
Year Built 1956
Lot Size 6,000 Sqft
Acres 6000.0
Property Sub-Type Multi-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 Single Family MLS#202421899.
Location
State HI
County Kailua
Area Kailua
Zoning Zone AH
Interior
Heating Cable, Internet, Overhead Electricity, Public Water, Sewer Fee
Inclusions None
Furnishings None
Exterior
Parking Features Open
Garage Spaces 5.0
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
Sewer Connected
Others
Ownership FS - Fee Simple
Listed by Town and Country Real Estate