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Page Summary
REDUCED
  • MLS® #: 201824975
  • 75-5730 Alahou St
  • Kailua Kona, HI 96740
  • $2,095,000
  • 7240 SqFt, 0.37 Acres
  • Multi-Family
  • Office: Commercial Inv. Strategies

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.

Essential Information

  • MLS® #201824975
  • Price$2,095,000
  • Bathrooms0.00
  • Square Footage7,240
  • Acres0.37
  • Year Built1972
  • TypeMulti-Family
  • Sub-TypeMulti-Family
  • StatusActive

Community Information

  • Address75-5730 Alahou St
  • AreaN. Kona
  • SubdivisionLONO KONA
  • CityKailua Kona
  • StateHI
  • Zip Code96740

Amenities

  • AmenitiesStorage
  • FeaturesApartments, Multi Dwellings
  • Parking Spaces16
  • ParkingAssigned
  • ViewOcean, Sunset

Utilities

Cable, Internet, Overhead Electricity, Septic, Water

Interior

  • StoriesTwo

Exterior

  • Lot DescriptionClear
  • RoofCustom/Specialty
  • ConstructionDouble Wall, Wood Frame

Additional Information

  • Date ListedOctober 1st, 2018
  • Days on Market69

Zoning

12 - A-2 Medium Density Apartme

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Based on information from the Multiple Listing Service of the Honolulu Board of REALTORS®. active listings last updated on December 9th, 2018 at 4:47pm HST. Information is deemed reliable but not guaranteed. Copyright: 2018 by the Honolulu Board of REALTORS®.

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