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.
* 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 Friday, March 31, 2023. Information is deemed
reliable but not guaranteed. Copyright: 2023 by HiCentral MLS, Ltd. Listing courtesy of Commercial Inv. Strategies