Active
703 Kihapai Place
Kailua HI, 96734
$1,939,000
$932.21 per sqft
Active
8 Beds
4 Baths
2,080 sqft
Multi-family
Built in 1956
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.
202421899
MLSⓇ ID
October 11, 2024
Listed
November 1, 2024
Updated
Map
703 Kihapai Place
Kailua HI, 96734
Interior Features
Total Stories
1
Bedrooms
8
Total Bathrooms
4
Full Bathrooms
4
Interior Features
Laminate
Floor Description
Laminate
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.14 Acres
Lot Features
Cleared, Level, Cul-De-Sac
Architectual Style
Duplex, Multiple Dwellings
Roof
Composition
Other Property Details
Area Name
Kailua
Taxes
$5,232
Tax Frequency
Annually
Days on Market
3
Garage
Yes
Garage Spaces
3
Parking Total
5
View
Yes
View Description
Mountain(s)
County
Oahu
Water Source
Public
Pool
No
Zoning
12 - A-2 Medium Density Apartme
Courtesy of Town and Country Real Estate, Tony Groman
Listing Contact: (808) 389-4004
Based on information from the Multiple Listing Service of HI - Honolulu Board of REALTORS® / HiCentral (HBR) listings last updated on 11/1/2024 12:29 AM UTC. Information is deemed reliable but not guaranteed. Copyright: 2024 by the Honolulu Board of REALTORS®/ HICentral. Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require the use of other disclaimers as necessary to protect participants and/or the MLS from liability.
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Data last updated 12:29 AM UTC, 11/1/2024
