Listing Information
| Price | $1,939,000 | Property Type | Single Family |
|---|---|---|---|
| MLS Number | 202421899 | Land Tenure | Fee Simple |
| Area | Kailua | Address | 703 Kihapai Place, Kailua, HI 96734 |
| Beds | 8 | Baths | 4 |
| Interior Sq. Ft. | 2080 ft² | Land Sq. Ft. | 6000 ft² |
| Lanai Sq. Ft. | N/A | Year Built | 1956 |
| Maintenance Fee | $0 | View | Mountain,Other |
| Public Remarks | 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. | ||
MAP
Based on the information from the Multiple Listing Service of HiCentral MLS, Ltd.
Listings last updated on Monday, November 25, 2024. Information herein deemed reliable, but not guaranteed.
Copyright © 2024 by HiCentral MLS, Ltd.
Listing courtesy of Town and Country Real Estate
| Broker contact: (808) 389-4004
