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 [6,481sf]) for a total of 13,036sf 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 theres flexibility for future use! *AND B- and A- zoned properties can be redeveloped for Bill 7.

Construction Materials Hollow Tile Location Inside Lot Description Clear Other Parking None Parking AssignedOpen Parking Total 24 Property Frontage Other Roof Other Stories Three Topography Level View Mountain

Elevators 0 Furnished Partial Laundry CoinDryerWasher Remodeled Year 2023 Sq Ft Building 7750

1 Bed Units 10 2 Bed Units 2 3 Or More Bed Units 0 Amenities None Annual Expenses 119865.02 Assessed Value Improvements 1352300.00 Assessed Value Land 3378200.00 Assessed Value Total 5090500.00 Building Type ApartmentsMulti Dwellings Disclosures 1031 ExchangeLicensed OwnerPet on Property Documents Lease DocumentsP&LSurveyTitle Search Easements ElectricTelephone Expenses Include Excise TaxInsuranceMgmt FeeOtherProperty TaxRepair MaintenanceSewer Fee Flood Zone Zone AH Foreclosure YN No Land Recorded Land Court Land Tenure FS - Fee Simple Listing Financing CashConventionalExchange Management Company self managed Net Operating Income 423327.00 Other Income 7200.00 Possession At ClosingSubject To Tenancy Property Condition Excellent Recreation Facilities None Set Backs None Sewer Connected Special Sale Conditions None Studio Units 12 Tax Amount 1379.73 Tax Annual Amount 16556.76 Tax Paid By Seller No Tax Year 2023 Tenant Pays Cable TVElectricityOther Total Actual Rent 38066.00 Total Income 543192.00 Utilities Available CableInternetOverhead ElectricityPublic WaterSewer FeeTelephoneWater Utilities Meters ElectricIndividualWater Zoning 32 - B-2 Community Business Dis

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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2023-12-09T08:58:43.52. Information is deemed reliable but not guaranteed. Copyright: 2023 by HiCentral MLS, Ltd.

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82 & 104 Kihapai Street

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82 & 104 Kihapai Street Kailua, HI 96734

Property Description

Construction Materials	Hollow Tile
Location	Inside
Lot Description	Clear
Other Parking	None
Parking	Assigned Open
Parking Total	24
Property Frontage	Other
Roof	Other
Stories	Three
Topography	Level
View	Mountain

Elevators	0
Furnished	Partial
Laundry	Coin Dryer Washer
Remodeled Year	2023
Sq Ft Building	7750

1 Bed Units	10
2 Bed Units	2
3 Or More Bed Units	0
Amenities	None
Annual Expenses	119865.02
Assessed Value Improvements	1352300.00
Assessed Value Land	3378200.00
Assessed Value Total	5090500.00
Building Type	Apartments Multi Dwellings
Disclosures	1031 Exchange Licensed Owner Pet on Property
Documents	Lease Documents P&L Survey Title Search
Easements	Electric Telephone
Expenses Include	Excise Tax Insurance Mgmt Fee Other Property Tax Repair Maintenance Sewer Fee
Flood Zone	Zone AH
Foreclosure YN	No
Land Recorded	Land Court
Land Tenure	FS - Fee Simple
Listing Financing	Cash Conventional Exchange
Management Company	self managed
Net Operating Income	423327.00
Other Income	7200.00
Possession	At Closing Subject To Tenancy
Property Condition	Excellent
Recreation Facilities	None
Set Backs	None
Sewer	Connected
Special Sale Conditions	None
Studio Units	12
Tax Amount	1379.73
Tax Annual Amount	16556.76
Tax Paid By Seller	No
Tax Year	2023
Tenant Pays	Cable TV Electricity Other
Total Actual Rent	38066.00
Total Income	543192.00
Utilities Available	Cable Internet Overhead Electricity Public Water Sewer Fee Telephone Water
Utilities Meters	Electric Individual Water
Zoning	32 - B-2 Community Business Dis