Location location location!! Rare opportunity to own 24 apartments in the heart of Kailua Town! Easy to rent with little to no vacancy! 2 Buildings each with 12 units and 12 parking stalls. On-site coin operated washers and dryers. Freshly painted exterior and repaved parking lot! Rents vary per unit from $950/mo to $1500/mo unit average: $1100/mo. Total of $24,900 rental income per month plus laundry income. All units are individually metered for electric, tenants pay their own. Income, expenses and # of units are both buildings #82 & #104 combined as both buildings must be purchased together. This TMK (82 Kihapai St) and TMK 1-4-3-058-019 (104 Kihapai St) must be purchased together! List price of $5,000,000 is for both TMKs.
Full Property Details
Full Property Detailsfor 82 and 104 Kihapai Street
Sold For: $5,100,000
Taxes: $1,485 (2017)
MLS ID: 201726333
Added: 146 day(s) ago
Parking Features: Assigned
Parking Type: Assigned
Other Parking Type: None
Neighborhood: COCONUT GROVE
Elementary School: Kailua
Middle School: Kailua
High School: Kalaheo
Utility Description: Overhead Electricity, Public Water, Sewer Fee
Listed by Stott Real Estate, Inc. Sold by Waikiki Beach Properties
82 and 104 Kihapai Street, Kailua, HI 96734 (MLS# 201726333) is a
Multi-Family property that was sold at $5,100,000 on March 29, 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.