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75-190 Alakai St; a multi unit offering.

Aerial view of the property showing the proximity to the ocean and shopping.

Aerial view showing the great location to town.

Plenty of space to add more parking for the multi-unit property on the right side. showing upper level 2bd/1bth living room and kitchen with ocean views.

Upper level front unit with 2bd/1bth, living room, additional enclosed lanai and ocean views.

Enclosed lanai on the upper level front unit with ocean views.

Upper level front unit living room looking towards the kitchen.

Upper level front bedroom 1.

Upper level front bedroom 2.

Upper level front bathroom.

Left or right side entrance to the upper back unit, 1bd/1bth and kitchen/living room. Additional lanai space with ocean views.

Upper level back living room and kitchen area.

Upper level back bathroom.

Upper level back bedroom.

Upper level back lanai space with ocean views.

Lower level entrance.

Living area in the lower level unit. 1bd/1bth.

Lower level bedroom.

Upper level backside bedroom.

Entrance to the 5 storage areas and additional bathrooms.

Additional bathroom.

Aerial view.

Aerial view.

Aerial view.

Another look at the additional yard space to add more parking.

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Description

Investment Opportunity at 75-190 Alakai St. A Multi-Unit Property with Strong Rental Income & Value-Add Potential! Opportunity awaits with this income-producing multi-unit property in the heart of Kailua-Kona. Currently generating $7,250 per month ($87,000 annually) in rental income, this property offers immediate cash flow while providing significant upside for investors, contractors, or owner-occupants looking to increase value through renovations and improvements. The current layout includes: Upper Front Unit: 2 bedroom / 1 bathroom with kitchen and living areaUpper Rear Unit: 1 bedroom / 1 bathroom with kitchen and living areaLower Unit: 1 bedroom / 1 bathroomAdditional Rental Space: Separate room currently rented, plus five storage rooms and an additional bathroom offering flexibility for storage or other potential uses (buyers to conduct their own due diligence regarding permitted use). One of the property's biggest advantages is its generous lot with the potential to create additional off-street parkingan attractive feature that can add convenience and increase long-term value. Conveniently located just minutes from Historic Kailua Village, restaurants, shopping, grocery stores, schools, medical facilities, and the Kona waterfront, the property also offers quick access to Alii Drive, beaches, snorkeling, fishing, and outdoor recreation. Its central location makes it desirable for long-term tenants seeking easy access to employment, services, and everyday amenities. Whether you're looking to renovate and maximize rental income, build equity through improvements, or occupy one unit while generating income from the others, this property offers exceptional flexibility and investment potential in one of Kona's most convenient locations. Bring your vision and unlock the possibilities this rare multi-unit opportunity has to offer.

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Taxes

Market Activity 96740