$1,939,000
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703 Kihapai Place Kailua, HI 96734
Duplex
Residence
8
Beds
4
Baths
2,080
Sq. Ft.
0.14
Acre
Lot
Property Activity
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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/ 1...bath. 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.
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MLS#
202421899
Property Type
Duplex
Bedrooms
8
Bathrooms
4 Full
Year Built
1956
Square Feet
2,080
sq. ft
Lot Size
0.14
Stories
1.0
Sewer
Sewer Available
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