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101,117 Maluniu Avenue, Kailua, HI 96734

$19,250,000

  • For Sale
  • Active
  • Multi-Family
  • Coconut Grove
  • Fee Simple
101,117 Maluniu Avenue, Kailua, HI 96734View this property at 101,117 Maluniu Avenue, Kailua, HI 96734
101,117 Maluniu AvenueKailuaHI96734
Property Description
Completed in 2017. 101 and 117 Maluniu Avenue in Kailua offers a rare opportunity to own a new apartment complex in one of Hawaii's most desirable towns. On the beach end of Kailua town these apartments offer great access to both Kailua Beach and Kailua town shops and restaurants. All 38 units on the 34,844 square feet of land have been individually condominiumized. Occupancy has been at 100% since final completion fall of 2017. Each unit is individually metered for all utilities. PV system (not shown in current photos) offsets owner expenses by approximately $45,000 per year. 75 stalls for 38 units. Storage for surfboards, bicycles, and kayaks. Condominiumized units can be sold separately. Individually taxed units are assessed below
class A tax rates. Selling at a 4.19% cap rate.

Full Property Details for 101 117 Maluniu Ave

General

  • Price: $19,250,000
  • Taxes: $2,995 (2018)
  • Status: Active
  • Type: Multi-Family
  • MLS ID: 201813309
  • Updated: 6/15/2018
  • Added: 92 day(s) ago

Interior

  • Furnishings: Partial

Rooms

Other Rooms

  • Laundry: Individual

Additional Information

  • Amenities: A/C, Fire Sprinkler, Secured Lobby, Storage

Parking

  • Parking Features: Assigned, Covered, Open, Unassigned
  • Parking Type: Assigned, Covered, Open, Unassigned
  • Other Parking Type: <10 Spaces

Location

  • Area: Kailua
  • County: Oahu
  • Neighborhood: COCONUT GROVE

School Information

  • Elementary School: Kailua
  • Middle School: Kailua
  • High School: Kalaheo

Community

  • Mgmt. Company: CRVL

Utilities

  • Sewer: Connected
  • Utility Description: Cable, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
  • Metering: Electric, Other, Water

Structural Information

  • Description/Design: Multi-Family
  • Exterior Const.: Above Ground, Concrete, Slab, Steel Frame
  • Roof: Asphalt Shingle, Other
  • Elevator(s ): 1
  • Stories Description: 4-7
  • Square Feet: 29,476
  • Year Built: 2017
  • Property Condition: Excellent

Unit Information

  • 1 Bedroom Units: 9
  • 2 Bedroom Units: 20

Lot Features

  • Property View: Mountain, Other
  • Mountain views: Yes
  • Lot Size (Sq. Ft.): 34,844
  • Topography: Level
  • Lot Features: Other
  • Zoning: 33 - BMX-3 Community Business M
  • Lot Description: Other

Financial Considerations

  • Expenses: Excise Tax, Insurance, Property Tax, Repair Maintenance, Sewer Fee
  • Operating Expenses: $165,737
  • Tax Amount: $2,995
  • Tax Year: 2018
  • Terms: Cash, Conventional
  • Tenant Pays: AC, Cable TV, Electricity, Water

Disclosures and Reports

  • Ownership: FS - Fee Simple
  • Special Conditions: None
  • Documents Avail.: Building Plans, Lease Documents, P&L, Survey, Title Search
  • Land Tenure: Fee Simple
  • Flood Zone: Zone X
  • Disclosures/Reports: 1031 Exchange, Property Disclosure Stmt
  • Property ID: 1-4-3-052-001-0055

Listed by Carvill Sotheby's Intl. Realty

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Price & Sales History

Price & Sales History for 101 117 Maluniu Ave Get Price Alerts

Date
Details
Price
Change
Source
5/22/2018
Listed
$19,250,000
MLS
Disclaimer: Historical sales information is derived from public records provided by the county offices. Information is not guaranteed and should be independently verified.
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Community Info

Community Info for 101 117 Maluniu Ave

Listed by Carvill Sotheby's Intl. Realty

101,117 Maluniu Avenue, Kailua, HI 96734 (MLS# 201813309) is a Multi-Family property with 38 units containing 0 bedrooms and 0 full bathrooms. 101,117 Maluniu Avenue is currently listed for $19,250,000 and was received on May 22, 2018. Want to learn more about 101,117 Maluniu Avenue? Do you have questions about finding other Multi-Family real estate for sale in Coconut Grove? You can browse all Coconut Grove real estate or contact a Coldwell Banker agent to request more information.