Linda McCabe and Erin McCabe with Coldwell Banker Island Properties
Hawaii Condo ManiaMLS: 202421899 $1,939,000
8 Bedrooms with 4 Baths703 KIHAPAI PLACE
KAILUA HI 96734MLS: 202421899
Status: ACTIVE
List Price: $1,939,000
Price per SQFT: $932
Square Footage: 20808 Bedrooms
4 Baths
Year Built: 1956
Zip Code: 96734
Listing 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 Multi Family MLS#202421887.
Address: 703 KIHAPAI PLACE KAILUA HI 96734
Listing Courtesy of TOWN AND COUNTRY REAL ESTATE
Condo Mania Agent
Linda McCabe
Coldwell Banker Island Properties
REALTOR®
Phone: 808-225-1048
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Listing Details
STATUS: Active SPECIAL LISTING CONDITIONS: None LISTING CONTRACT DATE: 2024-10-11 AREA: KAILUA BEDROOMS: 8 BATHROOMS FULL: 4 BATHROOMS HALF: 0 LIVING AREA SQ FT: 2080 BUILDING AREA TOTAL: 2080 YEAR BUILT: 1956 TAXES: $5,232 ARCHITECTURAL STYLE: Multiplex, Duplex CONSTRUCTION: SingleWall COMMUNITY FEATURES: None FLOORING: Laminate, Other FURNISHED: Unfurnished LOT FEATURES: Cleared, CulDeSac, DeadEnd, Level PARKING FEATURES: ThreeOrMoreSpaces PROPERTY TYPE: Residential PROPERTY SUB TYPE: Duplex POOL FEATURES: None VIEW: Mountains, Other LISTING AGENT: TONY GROMAN LISTING OFFICE: TOWN AND COUNTRY REAL ESTATE LISTING CONTACT: (808) 389-4004
Estimated Monthly Payments
List Price: $1,939,000 20% Down Payment: $387,800 Loan Amount: $1,551,200 Loan Type: 30 Year Fixed Interest Rate: 6.5 % Monthly Payment: $9,805 Estimate does not include taxes, fees, insurance.
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Property Location: 703 KIHAPAI PLACE KAILUA HI 96734
This Listing
Active Listings Nearby
Condo Mania Agent
Erin McCabe
Coldwell Banker Island Properties
Real Estate Associate
Phone: 808.485.9955
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Last Updated: 2024-11-22