Description
PRICE REDUCTION! 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.
Details
| MLS # | 202510044 |
|---|---|
| Listing Type | For Sale |
| Sub-Type | Resale |
| Status | Active |
| Year | 1965 |
| Days On Site | 494 |
| Listing Provided By | Standard Management LLC | Michael M Okamoto |
Features
| SQ Feet | 6,507 |
|---|---|
| Units | 12 |
| Zoning | 32 - B-2 Community Business Dis |
| Property View | Mountains, None |
Exterior
| Construction Materials | Masonry, Stucco |
|---|
Other
| Community Features | None, Storage Facilities |
|---|
Taxes
| Property | 27840 |
|---|
Area Information
| State | HI |
|---|---|
| County | Oahu |
| City | Kailua |
| Zip Code | 96734 |
| Area | Oahu |
| Community Name | KALAMA/CNUT GROV |
| School District | Kailua |
| Elementary School | Kailua |
| High School | Kailua |
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Learn More About This Property
| State | HI |
|---|---|
| County | Oahu |
| City | Kailua |
| Zip Code | 96734 |
| Area | Oahu |
| Community Name | KALAMA/CNUT GROV |
| School District | Kailua |
| Elementary School | Kailua |
| High School | Kailua |