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703 Kihapai Place, Kailua, HI, 96734
Multi-dwelling in Coconut Grove
$1,939,000Est. $10,756/mo
  • Active Actively looking for buyers.
  • Fee SimpleYou own the property outright.
  • 43 daysListed 10/11. Last updated 10/14.
  • Built in 1956Built 68 years ago.
Shay Kusumoto

Shayna Kusumoto

Compass | RS-85783
Message Shay about this property

What this multi-dwelling offers

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.

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Where you'll live

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703 Kihapai Place, Kailua, HI, 96734 is located in Coconut Grove on Oahu.

More about this multi-dwelling

  • Tax ID 1-4-3-058-040-0000
  • Taxes$436/mo
  • HOA Fee: n/a
  • Property Type Multi-dwelling
  • Tenure Fee Simple
  • Construction Above Ground, Single Wall
  • Roof Composition
  • Year Built 1956
  • Lot Size 6,000 sqft
  • Views Mountain, Other
  • Parking Open
About KailuaOpen and close this section

Single-family homes in Kailua sit on spacious lots basking in the balmy ocean breezes and tropical sunshine. There are many small subdivisions and enclaves comprising Kailua, from the elevated areas around Olomana to the beachfronts in Lanikai and on Kailua Bay. Many single-family homes are one-story cottage, bungalow, ranch, or plantation style, with a definite nod to the beach and ocean ambiance. Closer to the beaches are larger custom designs in homes. The casual beach town lifestyle also extends to condo and townhouse living in Kailua. View all homes for sale in Kailua.

Listing courtesy of Tony Groman from Town and Country Real Estate, MLS #202421887. Contact: (808) 389-4004.

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