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$8,875,000
202609233 MLS ⋅ FS - Fee Simple Tenure
Rare offering of stabilized apartment income property at Alahou Street Apartments. 25 units in two newer buildings, with 8 2-bedroom units in building A built in 2012 and 15 studio units plus 2 2-bedroom units in Building B built in 2018, both being in excellent condition. Total of 10 2-bedroom units and 15 studio units located in the heart of Kailua-Kona town. With a high barrier to entry due to lack of water and zoned land, there are no new competing projects planned in the area at this time, leading to consistent rental pressure over time and high occupancy, typically pushing 100%. Great parking and walking distance to shopping and dining add to the desirability of this project. Priced at $8,875,000, which represents a 5.5% capitalization rate on Trailing Twelve Months (T-12) financial performance, this Offering provides an excellent opportunity for investing in the Kailua-Kona market, one of Hawaii's most popular resort/residential markets. With the planned new hospital and other growth in the area, continued upward pressure on rents and high occupancy is very likely. Walkability score of 72. Potential to convert the project to a Condominium Property Regime. Zoned RM-1

75-5749 Alahou Street, Kailua Kona

Listing courtesy of Pacific Realty Organization.

$1,675,000
202526320 MLS ⋅ FS - Fee Simple Tenure
Are you looking for a Multi-Family and/or an Income Property? One Lot with Two Updated Homes each includes Upper-Level Main Living areas and Lower-Level Guest Quarters with private entrances. Located above the airport at an ideal elevation w/panoramic Ocean&Sunset views in a quiet neighborhood w/convenient access to Kailua-Kona town & the Kohala Gold Coast.Both areas offer a variety of restaurants, shopping & beaches. North located home: The open-beam ceilings in the Great Room divide the two-bedroom suites, each w/a walk-in closet, four-piece bathroom,sliding doors to private covered tiled lanais. Kitchen has bright white cabinets & appliances.Guest quarters have 2bedrooms/1 full bath, wet-bar, cabinets, vinyl & tile flooring.West side windows w/ garden views. Separate entrances to the Storage Room & Laundry.Two storage buildings for yard tools & beach toys are towards the back of the property. South located home: Two car carport & laundry closet, new roof, open-beam ceilings, 3 bedroom & 1¾ bath.Updated Kitchen, bathrooms & tile floors.Covered Lanai the full length of the house on both levels.Guest quarters 1 bedroom/1bath, updated bathroom,wet bar,cabinets,vinyl & tile flooring.

73-1153 Ahikawa Street, Kailua Kona

Listing courtesy of Nathalie Mullinix R. U., Inc..

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