82 & 104 Kihapai Street

82 & 104 Kihapai Street, Kailua, HI

$8,888,000

Price

4%

Cap Rate

$355,149

NOI

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Street
Map
Overview
Cap Rate
4%
NOI
$355,149
Building Size
7,750 sqft
Lot Area
13,036 sqft
Units
24
Class
B
Occupancy
100%
Year Built
82 Kihapai - 1970 & 104 Kihapai - 1965
Zoning
32 - B-2 Community Business District
Average Room Size
323 sqft
Floors
3
Parking Spots
24
Year Last Renovated
2023
Construction Status
completed
Parking Ratio
11
Roof
Modified bitument, no silicone
CeilingHeight
40
Description

Extremely desirable and rare KAILUA apartment property consisting of two buildings on two lots (TMKS 1-4-3-058-018 [6,555sf] AND 1-4-3-058-019 [6,8481sf]) for a total of 13,041sf of land. 1:1 parking, hollow tile construction, coin operated owned laundry, all tenants separately metered for electric, each bldg has its own water bill and coin laundry area. Roof type is modified bitument, no silicone. Residential exemption for real property taxes in use by current owner, but B-2 zoning means you can change the use to Business if you want, so there’s flexibility for future use! *AND B- and A- zoned properties can be redeveloped for Bill 7.

Highlights
  • • Total Units: 24
  • Studio: 12
  • 1 Bedroom Units: 10
  • 2 Bedroom Units: 2
  • • Parking Stalls: 24
  • • Zoning: A-2
  • • Land SQFT: 13,036
  • • Interior SQFT: 7,750
Documents
Title
CIS_Standard_Addendum.pdf
* Documents permissions are set by the listing owner, request information to access locked documents.
Location
Gallery