Attention Bill 7 Developers! Two side by side A2 zoned lots totaling 12sq/ft. Each lot has two duplexes giving you financing flexibility. 8 units total. Each unit is a 2bed/1bath. Average current rent is $1850/month. This location has beautiful mountain views and just blocks to Kailua town. 8 electric meters. One water meter per lot. TMK 1/4/3/058/040/0000 and TMK 1/4/3/058/041/0000 to be sold together. Income and expenses are approximate

Construction Materials Above GroundSingle WallWood Frame Location CornerCul-De-Sac Lot Description Other Other Parking None Parking Assigned Parking Total 8 Property Frontage Stream/Canal Roof Composition Stories One Topography Level View Marina/CanalMountain

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1 Bed Units 0 2 Bed Units 8 3 Or More Bed Units 0 Amenities None Annual Expenses 43756.00 Assessed Value Improvements 181600.00 Assessed Value Land 2160000.00 Assessed Value Total 2341600.00 Building Type Duplex Disclosures 1031 ExchangeLicensed OwnerRelative Of Licensee Easements None Expenses Include Excise TaxInsuranceMgmt FeeProperty Tax Flood Zone Zone Ah Foreclosure YN No Land Recorded Regular System Land Tenure Fs - Fee Simple Listing Financing CashConventional Net Operating Income 133844.00 Other Income 0.00 Possession At ClosingSubject To Tenancy Property Condition Excellent Recreation Facilities None Set Backs C&C Sewer Connected Special Sale Conditions None Studio Units 0 Tax Amount 683.00 Tax Paid By Seller No Tax Year 2020 Tenant Pays Electricity Total Actual Rent 14800.00 Total Income 177600.00 Utilities Available CableInternetOverhead ElectricityPublic Water Utilities Meters ElectricWater Zoning 12 - A-2 Medium Density Apartme

Listings provided courtesy of Corcoran Pacific Properties.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2021-03-05T03:58:45.947. Information is deemed reliable but not guaranteed. Copyright: 2021 by HiCentral MLS, Ltd.

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703 Kihapai Place

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703 Kihapai Place Kailua, HI 96734

Property Description

Construction Materials	Above Ground Single Wall Wood Frame
Location	Corner Cul-De-Sac
Lot Description	Other
Other Parking	None
Parking	Assigned
Parking Total	8
Property Frontage	Stream/Canal
Roof	Composition
Stories	One
Topography	Level
View	Marina/Canal Mountain

1 Bed Units	0
2 Bed Units	8
3 Or More Bed Units	0
Amenities	None
Annual Expenses	43756.00
Assessed Value Improvements	181600.00
Assessed Value Land	2160000.00
Assessed Value Total	2341600.00
Building Type	Duplex
Disclosures	1031 Exchange Licensed Owner Relative Of Licensee
Easements	None
Expenses Include	Excise Tax Insurance Mgmt Fee Property Tax
Flood Zone	Zone Ah
Foreclosure YN	No
Land Recorded	Regular System
Land Tenure	Fs - Fee Simple
Listing Financing	Cash Conventional
Net Operating Income	133844.00
Other Income	0.00
Possession	At Closing Subject To Tenancy
Property Condition	Excellent
Recreation Facilities	None
Set Backs	C&C
Sewer	Connected
Special Sale Conditions	None
Studio Units	0
Tax Amount	683.00
Tax Paid By Seller	No
Tax Year	2020
Tenant Pays	Electricity
Total Actual Rent	14800.00
Total Income	177600.00
Utilities Available	Cable Internet Overhead Electricity Public Water
Utilities Meters	Electric Water
Zoning	12 - A-2 Medium Density Apartme