75-5730 Alahou St
Kailua Kona, HI 96740
Sold Price
$1,985,000 (FS)
List Price
$2,095,000 (FS)
- Property Type:
- Multi-Family
- Studio Units:
- 0
- 1-Bed Units:
- 16
- 2-Bed Units:
- 0
- 3-Bed Units:
- 0
- Land Area (sf):
- 16,062
- Living (sf):
- --
- Lanai (sf):
- --
- Other (sf):
- --
- Parking Stalls:
- 16 - Assigned
- MLS #:
- 201824975
- Island:
- Hawaii
- Region:
- North Kona
- Neighborhood:
- LONO KONA
- TMK:
- 3-7-5-022-060-0000
- List Date:
- Date Sold:
REMARKS:
6.39% cap on existing NOI ($133, 913.52) in a market with no inventory! 16 one-beds on Hamburger Hill w/ ample parking, super walkable to downtown Kailua-Kona. Views of Kailua Bay from many units, all units have closed lanais, adding to the interior square footage. Off-ground construction means repairs are simple and so much cheaper than busting through concrete. LOTS of storage on the makai side of the building can be rented out for additional income. Absolute rentability in a tight rental market, this building has so much potential! All units are separately metered for electric, and tenants pay their own. Laundry is leased and can be replaced with your own machines to increase income! Proposed to be put on public sewer in the next 1-2 years with an annual cost of $5449 for 35 years.
PROPERTY INFORMATION:
- Zoning:
- 12 - A-2 Medium Density Apartme
- Furnished:
- Partial
- Year Built:
- 1972
- Year Remodeled:
- --
FINANCIAL INFORMATION:
- Assd. Val. Land:
- $390,300
- Assd. Val. Imprv:
- $423,800
- Assd. Val. Total:
- $814,100
- Tax Year:
- 2017
- Monthly Taxes:
- $779
- Home Exempt.:
- --
SCHOOLS:
- Elem. School:
- --
- Middle School:
- --
- High School:
- --
OTHER PROPERTY FEATURES:
- Frontage:
- Other
- View:
- Ocean, Sunset
- Pool:
- --
- Amenities:
- Storage
- Inclusions:
- --
- Security:
- --
- Assn. Fee Inclusions:
- --
- Other Fee Inclusions:
- --
- Lot Description:
- Clear
- Topography:
- Down Slope
- Number of Stories:
- Two
- Building Style:
- --
- Property Condition:
- Above Average
- Construction:
- Double Wall, Wood Frame
- Roofing:
- Custom/Specialty
- Floor Covering:
- --
- Disclosures:
- 1031 Exchange, Licensed Owner
- Possession:
- At Closing, Subject To Tenancy
- Terms Accept.:
- Cash, Conventional, 1031 Exchange
- Land Recorded:
- Regular System
- Exclusions:
- --
- Easements:
- Cable
- Set-Backs:
- Of Record
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Friday, July 18, 2025. Information is deemed
reliable but not guaranteed. Copyright: 2025 by HiCentral MLS, Ltd. Listing courtesy of Commercial Inv. Strategies