Rarely available INVESTMENT OPPORTUNITY in Kailua for A-2 ZONED property (Medium Density Apartments). Lots of possibilities and great rental income while you're doing your planning & permitting. The front dwelling has two 1 bedroom/1 bath units. The back dwelling is a 1 bedroom plus den/2 bath cottage. The tenants are on month-to-month leases, with a total rental income of $5,500/month. The property has 3 separate electric meters, tenants pay their own electricity and cable. Other exclusions - AC supplied by tenants. Short distance to Kailua Town and Kailua Beach; easy access to H-3 and Pali Hwy. By appointment only, please do not disturb the tenants. Pets on the property. TO BE SOLD "AS IS". SMA regulations apply. Also listed as
156 Kihapai Street, Kailua, HI 96734 (MLS# 201723576) is a
Single Family property that was sold at $1,150,000 on May 03, 2018.
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Lease with a Right to Purchase
A new affordable option from Home Partners of America. They buy the home, you lease it for 1-5 years with a right to purchase.