703 Kihapai Place Kailua Oahu 96734
703 Kihapai Place Kailua Oahu 96734
703 Kihapai Place, Kailua, HI, 96734Basics
- Date added: Added 2 weeks ago
- Category: Multi-Family
- Type: Multi-Family
- Status: Active
- Area: 2080 sq ft
- Lot size: 6000.00, 2024-10-14T09:26:52.087 sq ft
- Year built: 1956
- MLS ID: 202421887
- Zoning: 12 - A-2 Medium Density Apartme
- List Office Name: Town and Country Real Estate
- View: Mountain, Other
Description
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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
- CountyOrParish: Oahu
- Neighborhoods: COCONUT GROVE
Building Details
- Exterior material: Above Ground, Single Wall
- Roof: Composition
- Parking: Open
- Year Remodeled: 1990
Amenities & Features
- Parking Total: 5
- Pets Allowed: No
- Amenities:
- Features: