703 Kihapai Pl
Kailua, HI 96734

For Sale
Active
List Price
$1,939,000 (FS)
Property Type:
Multi-Family
Studio Units:
0
1-Bed Units:
0
2-Bed Units:
4
3-Bed Units:
0
Land Area (sf):
6,000
Living (sf):
--
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
5 - Open
MLS #:
202421887
Island:
Oahu
Region:
Kailua
Neighborhood:
COCONUT GROVE
TMK:
1-4-3-058-040-0000
List Date:

REMARKS:

A2 zoned 6, 000sq ft lot with two duplexes (4 units total, current total rental income $8, 675 per month) just a few blocks away from Kailua town. Beautiful mountain views and Maunawilli stream frontage. Walking distance to shops and restaurants, easy access to the Pali Highway. Each unit is a 2bed/ 1bath. 4 electric meters, recently applied for permitting to upgrade all 4 electric meters to 100amp each. One water meter, recently upgraded all water supply lines to copper. The average rent per unit currently is approx $2, 169/month. Some rents are below market value. Great tenants, all of them currently are on month-to-month leases and would love to stay. Current monthly expenses: $400 water, $75 yard service, $179 insurance. GE tax $390, property tax $436 per month. Zoning allows for a wide variety of development ideas with one of the lowest tax rates available in Hawaii. Sellers might do 1031 Exchange. Listor is a licensed real estate broker and one of the owners. Multiple tenants, please allow enough time to arrange it when scheduling a showing. Proof of funds/ pre-approval is requested before showing. Please do not disturb the tenants. Also listed in Single Family MLS#202421899.

PROPERTY INFORMATION:

Zoning:
12 - A-2 Medium Density Apartme
Furnished:
None
Year Built:
1956
Year Remodeled:
1990

FINANCIAL INFORMATION:

Assd. Val. Land:
$1,312,000
Assd. Val. Imprv:
$183,100
Assd. Val. Total:
$1,495,100
Tax Year:
2024
Monthly Taxes:
$436
Home Exempt.:
--

SCHOOLS:

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

OTHER PROPERTY FEATURES:

Frontage:
Other, Stream/Canal
View:
Mountain, Other
Pool:
--
Amenities:
None
Inclusions:
--
Security:
--
Assn. Fee Inclusions:
--
Other Fee Inclusions:
--
Lot Description:
Clear
Topography:
Level
Number of Stories:
One
Building Style:
--
Property Condition:
Above Average, Average
Construction:
Above Ground, Single Wall
Roofing:
Composition
Floor Covering:
--
Disclosures:
1031 Exchange, Call Listor, Licensed Owner, Listor Owner, Pet on Property, Property Disclosure Stmt
Possession:
At Closing, Subject To Tenancy
Terms Accept.:
1031 Exchange, Cash, Conventional
Land Recorded:
Land Court
Exclusions:
--
Easements:
None
Set-Backs:
C&C

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Friday, February 7, 2025.  Information is deemed reliable but not guaranteed.  Copyright: 2025 by HiCentral MLS, Ltd.  Listing courtesy of Town and Country Real Estate