Active
599 Keolu Drive B
Kailua HI, 96734
$1,299,000
$941.30 per sqft
Active
3 Beds
2.5 Baths
1,380 sqft
Townhomes
Built in 1973
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.
202423607
MLSⓇ ID
October 9, 2024
Listed
October 20, 2024
Updated
Map
599 Keolu Drive B
Kailua HI, 96734
Interior Features
Total Stories
2
Bedrooms
3
Total Bathrooms
2.5
Full Bathrooms
2
Half Bathrooms
1
Interior Features
Ceramic Tile, Vinyl
Floor Description
Ceramic Tile, Vinyl
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.04 Acres
Exterior Features
Barbecue, Dock
Architectual Style
Townhouse
School Information
High School
Kailua
Elementary School
Kaelepulu
Other Property Details
Area Name
Kailua
Taxes
$3,760
Tax Frequency
Annually
Days on Market
11
Association Fee
$709
Association Amenities
Pool
Garage
Yes
Parking
On Street
Parking Total
4
View
Yes
View Description
Mountain(s)
County
Oahu
Pool
No
Zoning
05 - R-5 Residential District
Listing History
Date | Event | Price |
|---|---|---|
10/20/2024 | Price change | $1,299,000 -2% |
Courtesy of Hawaii Life, Jon S Mann
Listing Contact: (800) 370-3848
Based on information from the Multiple Listing Service of HI - Honolulu Board of REALTORS® / HiCentral (HBR) listings last updated on 10/20/2024 6:15 AM UTC. Information is deemed reliable but not guaranteed. Copyright: 2024 by the Honolulu Board of REALTORS®/ HICentral. 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. IDX information is provided exclusively for consumers' personal, non-commercial use, that it may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the MLS. The MLS may, at its discretion, require the use of other disclaimers as necessary to protect participants and/or the MLS from liability.
©2024 Honolulu Board of REALTORS®/ HICentral. All rights reserved.
Data last updated 6:15 AM UTC, 10/20/2024
