75-5777 Milena Pl, Kailua Kona, HI 96740 (MLS # 732456)

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PRICE $1,499,500 BEDS 6 BATHS 4 HOME SIZE 3,356 sqft LOT SIZE 9,004.00 ac Request More Info Schedule a Showing

Whether you're looking for a property that generates income or a home that gives everyone their own space, this beautifully renovated property delivers options that are becoming hard to find. Set up as three separate living spaces, the property is currently operating as a successful income-producing rental while offering flexibility for investors, extended families, or anyone looking to offset ownership costs with rental income. Unit A (Top level): consists of 3 bedrooms, 2 baths, generous living spaces, a dedicated laundry room, and windows that fill the home with natural light. Ocean views can be enjoyed from the living room and every bedroom, while the primary suite includes its own private bathroom. Unit B: (Lower level) features 2 bedrooms, 1 bathroom, a full kitchen, and a comfortable living area. Unit C: (Lower level) includes 1 bedroom, 1 bathroom, a kitchenette, and its own living room. In addition, there is a second laundry room and a 2-car garage providing additional storage and convenience for the property as a whole. Since purchasing the home, the sellers have completed an extensive list of improvements, including a brand-new roof, conversion from a cesspool to a fully permitted 1,250-gallon septic system, new vinyl windows, remodeled kitchens and bathrooms, updated cabinetry and countertops, new LVP flooring, a laundry room addition, upgraded electrical, custom window treatments, seamless gutters, fencing, exterior painting, paver walkways, landscaping, and countless other improvements that add value, function, and peace of mind. The result is a property where the heavy lifting has already been completed and is now ready for a buyer to reap the rewards. Whether you're adding to your investment portfolio or bringing multiple generations together under one roof, this is a rare opportunity to own a beautifully improved, income-producing property just minutes from everything Kailua-Kona has to offer.