75-5730 Alahou St
Kailua Kona, HI 96740
- 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
- TMK:
- 3-7-5-022-060-0000
- List Date:
- Island:
- Hawaii
- Region:
- North Kona
- Neighborhood:
- LONO KONA
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:
- Elementary School:
- --
- Middle School:
- --
- High School:
- --
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Thursday, April 25, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Commercial Inv. Strategies