156 Kihapai Street

Kailua, HI 96734

Status

ACTIVE

MLS#

201709743

Price

$1,285,000

Price Change

▼ $10,000 1498008384

Year Built

1949

Neighborhood

Coconut Grove

Land Tenure

FS

Property Description

RARELY AVAILABLE INVESTMENT OPPORTUNITY in Kailua Town. A-2 ZONED property (Medium Density
Apartments). Lots of possibilities and GREAT RENTAL INCOME while you're doing your planning and permitting.
The front dwelling has two 1 bedroom/ 1 bath units. The back dwelling is a 1 bedroom plus den/ 2 bath
cottage. The tenants are on month-to-month leases, with a total rental income of $5,500/month. The
property has 3 separate electric meters, and the tenants pay their own electricity and cable. Walking
distance to Kailua Town, restaurants, shops; short distance to Kailua Beach; easy access to H-3 and Pali Hwy.
Pets on the property. Please do not disturb the tenants. TO BE SOLD "AS IS".
Seller may participate in 1031 Exchange. Also listed as Single Family.

Additional Information

Amenities

None

TMK

1435929

Year Built

1949

Easements

None

View

Other

Property condition

Average, Fair

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Courtesy of Town and Country Real Estate, Tony Groman.

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