617 Wailepo St

617 Wailepo St
Kailua, HI 96734

For Sale

Sold

Sold Price

$1,920,000 (FS)

List Price

$2,270,000 (FS)

Property Type:: Multi-Family
Studio Units:: 0
1-Bed Units:: 0
2-Bed Units:: 8
3-Bed Units:: 0

Land Area (sf):: 7,000
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 6 - Assigned

MLS #:: 202008668
Island:: Oahu
Region:: Kailua
Neighborhood:: COCONUT GROVE
TMK:: 1-4-3-058-022-0000

List Date:: April 20, 2020
Date Sold:: September 04, 2020

REMARKS:

Unique Investment opportunity in KAILUA. Maximize the income stream for it's highest and best use or rehab the two buildings with potential to redevelop under Bill 7. Eight - 2 bedroom units located close to Kailua town and a short walk to park, stores and restaurants. Property is sold "as is" and Buyer shall perform their own due diligence. Information provided for income and building are estimates and may differ from actual records. Only a few of the rental units are occupied and income for property does not measure building's full occupancy potential or current market rents. NO sign on property. Do not disturb tenants or enter property without an appointment.

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PROPERTY INFORMATION:

Zoning:: 12 - A-2 Medium Density Apartme
Furnished:: None

Year Built:: 1952
Year Remodeled:: 1962

FINANCIAL INFORMATION:

Assd. Val. Land:: $1,190,000
Assd. Val. Imprv:: $135,300
Assd. Val. Total:: $1,325,300

Tax Year:: 2019
Monthly Taxes:: $387
Home Exempt.:: --

SCHOOLS:

Elem. School:: --
Middle School:: --
High School:: --

OTHER PROPERTY FEATURES:

Frontage:: --
View:: Mountain
Pool:: --
Amenities:: Storage
Inclusions:: --
Security:: --
Assn. Fee Inclusions:: --
Other Fee Inclusions:: --

Lot Description:: Other
Topography:: Level
Number of Stories:: Two
Building Style:: --
Property Condition:: Average
Construction:: Concrete, Hollow Tile, Wood Frame
Roofing:: Composition
Floor Covering:: --

Disclosures:: Property Disclosure Stmt, See Remarks
Possession:: At Closing
Terms Accept.:: Cash, Conventional
Land Recorded:: Land Court

Exclusions:: --
Easements:: Other
Set-Backs:: Of Record

Compensation*:: 3%
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 Friday, April 26, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Homequest LLC