Overview
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.
Property Details
- Building Type
- Duplex, Multi Dwellings
- Construction Materials
- Above Ground, Single Wall
- Location
- Cul-De-Sac, Dead End
- Neighborhood
- Coconut Grove
- Net Operating Income
- 86333.00
- Number Of Units Total
- 4
- Parking Features
- Open
- Parking Total
- 5
- Property Frontage
- Other, Stream/Canal
- Property Type
- Multi-Family
- Building SqFt
- 2,080
- Total SqFt
- 2,080
- Status
- Active
- Stories
- 1
- Total Actual Rent
- $8,675
- Total Annual Operating Expenses
- $17,767
- Total Income
- $104,100
- View
- Mountain, Other
- Year Built
- 1956
- Year Remodeled
- 1990
Additional Property Info
- Disclosures
- 1031 Exchange, Call Listor, Licensed Owner, Listor Owner, Pet on Property, Property Disclosure Stmt
- Days on Market
- 3
- Flood Zone
- Zone AH
- Laundry Facilities
- Individual
- Property Condition
- Above Average, Average
- Roof
- Composition
- Tax Amount
- $436
- Tax Assessed Value
- $1,495,100
- Tax Assessed Value Improvements
- $183,100
- Tax Assessed Value Land
- $1,312,000
- Topography
- Level
- Utilities
- Cable, Internet, Overhead Electricity, Public Water, Sewer Fee
- Zoning
- 12 - A-2 Medium Density Apartme
Courtesy of Tony Groman, Town and Country Real Estate.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Information is deemed reliable but not guaranteed. Copyright 2024 by HiCentral MLS, Ltd.
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