Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Kalama/Cnut Grov
MLS Listing ID 202510044
Construction Status Excellent
HOA Y/N No
Year Built 1965
Annual Tax Amount $27,840
Property Sub-Type Multi Family
Property Description
5.5% cap rate on current income! This exceptional property offers 10 apartment units and 2 ground floor retail units in prestigious Kailua. The building was majorly renovated inside and outside including replacement of all utilities, new silicone waterproof roof and commercial grade gutter systems, all new stainless steel appliances, flooring, interiors, fencing and painting. All apartment units have dual-pane glass vinyl windows and balcony sliding doors, LED lighting, split AC units in bedrooms and living rooms, and individual full-size stacked LG washer-dryers located on the balconies.
The 2 retail spaces benefit from a high visibility location in this upscale retail corridor. In addition to abundant street parking in the immediate area, there are 7 covered parking stalls. Located just moments from Whole Foods Market and Kailua Beach. This is a trophy, renovated asset in an incredibly desirable submarket where investment properties are rarely available for sale and could be “turnkey” for a buyer.
The apartments and retails units have been split into separate TMKs (1-4-3-31-27-1 & -2) for lower property tax rates.
Location
State HI
County Oahu
Community None, Storage Facilities
Area Kailua
Interior
Cooling Central Air
Fireplace No
Appliance Dryer, Washer
Laundry In Unit
Exterior
Parking Features Assigned, Covered
Community Features None, Storage Facilities
Utilities Available Above Ground Utilities, Electricity Available, High Speed Internet Available, Sewer Available, Water Available, Sewer Connected
Waterfront Description Other
View Y/N No
View Mountain(s), None
Total Parking Spaces 7
Building
Lot Description Cleared, Other, Level
Dwelling Type Apartment,Other
Entry Level Three Or More
Sewer Connected
Level or Stories Three Or More
Construction Status Excellent
Schools
Elementary Schools Kailua
Middle Schools Kailua
High Schools Kailua
Others
Tax ID 1-4-3-031-027-0000
Special Listing Condition None
Virtual Tour https://player.vimeo.com/video/1070257566
Nearby Locations
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