47-022 Lihikai Dr

47-022 Lihikai Dr
Kaneohe, HI 96744

For Sale

Sold

Sold Price

$2,125,000 (FS)

List Price

$2,200,000 (FS)

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

Land Area (sf):: 7,513
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 7 - Assigned, Open, Tandem

MLS #:: 202212243
Island:: Oahu
Region:: Kaneohe
Neighborhood:: MATSON POINT
TMK:: 1-4-7-010-035-0000

List Date:: July 13, 2022
Date Sold:: August 22, 2022

REMARKS:

Great investment opportunity to buy a "legal duplex" in desirable Matson Point (peninsula surrounded by the ocean). This is a "GREEN BLDG" with photovoltaic panels & 2 massive solar water heaters, for energy efficiency. Ideal multi-generational living, live in one 6+5 duplex, and rent the other 6+5. History of steady rental income. Total 12 bedrooms + 10 bathroom! Spectacular ocean & coastal views of Kaneohe Bay. Bldg is one house back from the ocean. Walk down the steps to your deeded beach access, ideal for swimming, snorkeling, fishing, kayaking, paddle boarding, etc. Close to H-3, Likelike Hwy, 7-Eleven, Kaneohe Marine Base, Heeia Boat Harbor & Windward Mall. Steps to Paradise Bay Resort & Leilani Bch Park, where you can play football, baseball. soccer, basketball or launch a boat into the ocean. This property has all the conveniences, plus it is fully occupied, so you can start earning rental income as soon as you close escrow. Month-to-Month tenants, in case you rather move into this beautiful low maintenance property steps to the beach, Hotel and park. Very cool, breezy area due to the ocean trade winds. Ideal place to relax from a hectic work day. Jump in and go for a swim!

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PROPERTY INFORMATION:

Zoning:: 5 - R-5 Residential
Furnished:: --

Year Built:: 2001
Year Remodeled:: 2022

FINANCIAL INFORMATION:

Assd. Val. Land:: $788,000
Assd. Val. Imprv:: $916,500
Assd. Val. Total:: $1,704,500

Tax Year:: 2021
Monthly Taxes:: $912
Home Exempt.:: --

SCHOOLS:

Elem. School:: Kahaluu
Middle School:: King
High School:: Castle

OTHER PROPERTY FEATURES:

Frontage:: Other
View:: Coastline, Garden, Mountain, Ocean, Sunrise
Pool:: --
Amenities:: A/C, Fire Sprinkler, Storage
Inclusions:: --
Security:: --
Assn. Fee Inclusions:: --
Other Fee Inclusions:: --

Lot Description:: Clear
Topography:: Level
Number of Stories:: Two
Building Style:: --
Property Condition:: Above Average
Construction:: Double Wall, Masonry/Stucco, Slab, Wood Frame
Roofing:: Composition
Floor Covering:: --

Disclosures:: 1031 Exchange, Call Listor, Property Disclosure Stmt
Possession:: At Closing, Negotiable, Subject To Tenancy
Terms Accept.:: Cash, Conventional, 1031 Exchange
Land Recorded:: Dual Systems

Exclusions:: --
Easements:: Beach Access, Electric
Set-Backs:: C&C, Of Record

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 Wednesday, April 24, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Realty By The Sea