RS Hawaii Homes
75-5730 Alahou St
Kailua Kona, HI 96740

Description

6.39% cap on existing NOI ($133,913.52) in a market with no inventory! 16 one-beds on Hamburger Hill w/ ample parking, super walkable to downtown Kailua-Kona. Views of Kailua Bay from many units, all units have closed lanais, adding to the interior square footage. Off-ground construction means repairs are simple and so much cheaper than busting through concrete. LOTS of storage on the makai side of the building can be rented out for additional income. Absolute rentability in a tight rental market, this building has so much potential! All units are separately metered for electric, and tenants pay their own. Laundry is leased and can be replaced with your own machines to increase income! Proposed to be put on public sewer in the next 1-2 years with an annual cost of $5449 for 35 years.

Details

MLS#201824975
Sub-TypeResale
StatusActive
Year1972
Days On Site49

Features

SQ Feet7,240
Units16
Building(s)1
Property ViewOcean,Sunset

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Area Information

StateHI
CityKailua Kona
Zip Code96740
Listing VS Median (in 96740)
Price:
$2,095,000
low | high
Med:
$849,999
100% of Average
SqFt:
7,240
low | high
Med:
2,588
100% of Average
$ / SqFt:
$289
low | high
Med:
$328
36.49664948929% of Average
On Site:
49
low | high
Med:
37
100% of Average
Listing Updated: 11/18/2018
MLS Number: 201824975
Listing Provided By:
Christina L Dwight  of  Commercial Inv. Strategies

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