75-5730 Alahou St

    Kailua-Kona, HI 96740
    • $2,095,000
    • STATUS: Active
    • ON SITE: 72 days
    • MLS #: 621764
    UPDATED: 66 min ago
    $2,095,000
    • 16
      BEDS
    • 0.37
      ACRES
    • 16
      BATHS
    • 0
      1/2 BATHS
    Neighborhood:
    Type:
    Commercial
    Built:
    1972
    Area:

    School Ratings & Info

    Description

    6.39% cap on existing NOI ($133,913.52) in a market of no inventory! 16 one-beds in Lono Kona ( nicknamed Hamburger hill) with ample parking, super walkable to downtown Kailua-Kona. Views of Kailua Bay from many units, all units have enclosed lanais, adding to the interior space 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 may be rented out for additional income. Absolute rent ability in a tight rental market, this building has so many 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 approximately $5449 for 35 years.

    Monthly Payment Calculator



    © 2018 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Elite Pacific Properties. Data last updated: 2018-12-15T07:34:23.997.
    hawaii.elitepacific.com/homes/88188888

    75-5730 Alahou St Kailua-Kona, HI 96740

    • Price: $2,095,000
    • Status: Active
    • Updated: 66 min ago
    • MLS #: 621764
    16
    Beds
    16
    Baths
    0
    ½ Baths
    0.37
    Acres
    1972
    Built
    Neighborhood:
    Lono-Kona Subdiv
    Area:
    North Kona
    Property Description
    6.39% cap on existing NOI ($133,913.52) in a market of no inventory! 16 one-beds in Lono Kona ( nicknamed Hamburger hill) with ample parking, super walkable to downtown Kailua-Kona. Views of Kailua Bay from many units, all units have enclosed lanais, adding to the interior space 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 may be rented out for additional income. Absolute rent ability in a tight rental market, this building has so many 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 approximately $5449 for 35 years.
    Exterior Features

    Design Double Wall Land Tenure Fee Simple Lot Description Inside Ocean Front N Pool N Roads CountyPaved Topography Gentle Slope Unit Description Multi-Dwelling View OceanSunset

    Interior Features

    Appliances RefrigeratorRange/Oven Heating Cooling None Washer Dryer CoinDryerWasher Window Coverings None

    Property Features

    Assessed Value 814100 Assessment Year 2018 Distressed Standard Sale Lava Zone 4 Lot Number 109 Oceanfront Unit N Phone Service CableCellLand Line Power Overhead Project Name Lono Kona Apartments Property Type Commercial Sewer Septic Solid Waste Disposal Private Contractor Tax Key 375022060 Taxes 9524.00 Terms Cash Tv Availability Cable Water Municipal Zoning Rm-1

    Listing information © 2018 MLS Hawaii, Inc. All rights reserved.
    Listing courtesy of Elite Pacific Properties Llc - Waikoloa.


    © 2018 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Elite Pacific Properties. Data last updated: 2018-12-15T07:34:23.997.
     
    Elite Pacific Properties
    4211 Waialae Ave.
    Honolulu HI, 96816