82 and 104 Kihapai St

82 and 104 Kihapai St
Kailua, HI 96734

For Sale

Sold

Sold Price

$5,100,000 (FS)

List Price

$5,000,000 (FS)

Property Type:: Multi-Family
Studio Units:: 11
1-Bed Units:: 11
2-Bed Units:: 2
3-Bed Units:: 0

Land Area (sf):: 6,555
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 24 - Assigned

MLS #:: 201726333
Island:: Oahu
Region:: Kailua
Neighborhood:: COCONUT GROVE
TMK:: 1-4-3-058-018-0000

List Date:: December 29, 2017
Date Sold:: March 29, 2018

REMARKS:

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.

View Map

PROPERTY INFORMATION:

Zoning:: 32 - B-2 Community Business Dis
Furnished:: None

Year Built:: 1970
Year Remodeled:: --

FINANCIAL INFORMATION:

Assd. Val. Land:: $950,500
Assd. Val. Imprv:: $486,300
Assd. Val. Total:: $1,436,800

Tax Year:: 2017
Monthly Taxes:: $1,485
Home Exempt.:: --

SCHOOLS:

Elem. School:: Kailua
Middle School:: Kailua
High School:: Kalaheo

OTHER PROPERTY FEATURES:

Frontage:: --
View:: Mountain
Pool:: --
Amenities:: None
Inclusions:: --
Security:: --
Assn. Fee Inclusions:: --
Other Fee Inclusions:: --

Lot Description:: Clear
Topography:: Level
Number of Stories:: Three
Building Style:: --
Property Condition:: Average
Construction:: Masonry/Stucco
Roofing:: Composition
Floor Covering:: --

Disclosures:: Non Resident Owner, See Remarks
Possession:: At Closing, Subject To Tenancy
Terms Accept.:: Cash, Conventional
Land Recorded:: Dual Systems

Exclusions:: --
Easements:: Electric, Other
Set-Backs:: C&C

Compensation*:: 2.5
Compensation Type:: --

* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Tuesday, April 23, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Stott Real Estate, Inc.

For Sale

201726333