599 Keolu Drive #B, Kailua, HI 96734 (MLS # 202423607)
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Looking for a 1031 Exchange investment property with steady cash flow and potential long-term capital appreciation? Consider Kukilakila Lakefront Development - a waterfront community of Enchanted Lake in Kailua that is peaceful, pet friendly, has resort like amenities and is just minutes to Kailua Town shops and restaurants. This townhouse comes with 4 tenants on 12 month leases earning $8670 per month in gross monthly income; a Gross Rent Multiplier (GRM) of only 12.7, not to mention the demonstrated history of capital appreciation of over 50% in the last 6 years. The property floorplan has been successfully modified from current tax records and renovated to maximize rental income (4 beds and 4 associated baths with each room equipped with WIFI enabled security keypad locks). The renovations were completed with high quality materials and substantially performed by licensed contractors. The unit is being Sold "As-Is" and is priced accordingly to reflect the unpermitted and non-conforming status of the renovations. Maintenance fees are low and cover a lot. HOA has 100% hurricane insurance.
| DAYS ON MARKET | 10 | LAST UPDATED | 10/9/2024 |
|---|---|---|---|
| TRACT | KUKILAKILA | YEAR BUILT | 1973 |
| COMMUNITY | Kailua | COUNTY | Oahu |
| STATUS | Active | PROPERTY TYPE(S) | Condo/Townhouse/Co-Op |
| Elementary School | Kaelepulu |
|---|---|
| Jr. High School | Kailua |
| High School | Kailua |
| ADDITIONAL DETAILS | |
| AREA | Kailua |
|---|---|
| EXTERIOR | Barbecue, Dock |
| GARAGE | Yes |
| HOA DUES | 709 |
| LOT | 1742 sq ft |
| PARKING | On Street |
| STORIES | 2 |
| STYLE | Townhouse |
| SUBDIVISION | KUKILAKILA |
| TAXES | 3759.96 |
| VIEW | Yes |
| VIEW DESCRIPTION | Mountain(s) |
| ZONING | 05 - R-5 Residential District |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Hawaii Life
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 10/18/24 8:22 AM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2024 by HiCentral MLS, Ltd.
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.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
active listings last updated on 10/18/24 8:22 AM PDT.
Information is deemed reliable but not guaranteed.
Copyright: 2024 by HiCentral MLS, Ltd.
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.
Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.
This IDX solution is (c) Diverse Solutions 2024.