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.

  • MLS# 201824975
  • Sub-Type Resale
  • Status Active
  • Year 1972
  • Days On Site 49
SQ Feet 7,240
Units 16
Building(s) 1
Property View Ocean,Sunset
Listing Provided By:
Christina L Dwight  of  Commercial Inv. Strategies
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
 
this listing $2,095,000
146.47%
$849,999 in 96740
this listing 7,240 SqFt
179.75%
2,588 SqFt in 96740
this listing $289 $/SqFt
11.90%
$328 $/SqFt in 96740
this listing 49 on site
32.43%
37 on site in 96740

Location

State HI
City Kailua Kona
Zip Code 96740

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