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Lokelani "The Rose" Apartments
75-5757 Kalawa Street, Kailua Kona, HI 96740
N/A
7
5,506 SF
Multifamily
Garden/Low-Rise
Investment
3%
6.58%
10.76
100%
2
1971
7,500 SF
3-7-5-22-34
1 / 1,000 SF
-
Last Verified 10/28/2009
Listing ID 16190793
Highlights
7-unit Apartment Building Centrally Located in Downtown Kailua-Kona.- Surrounded by Commercially-Zoned Property, Potential for Zoning Change and Other Uses.
- Short Walk to Restaurants, Shopping, Banks, Healthcare, Beaches and the Pier. Two Blocks from the Ocean and the Waterfront "Boardwalk" !!
- Positive Cash Flow possible with Rates & Terms currently available from Local Lenders.
- In the path of Growth with New Construction and Development on all Sides.
- Spreadsheets with more Detailed Information, Pictures, Income & Expenses are available.
Description
Seven-Unit Apartment Building Located in Downtown Kailua-Kona. Central Village Location within Short Walking Distance to Restaurants, Shopping, Banks, Healthcare, Beaches, and the Pier. Surrounded by Commercial Village (CV) Zoned Property offering Potential for other Developmental Uses. Only 2-Blocks from Alii Drive, in the Path of Growth along the new Kalawa Street connection. Up and Coming Area with New Development on All Sides. Positive Cash Flow is Possible After All Expenses, Insurance, Taxes, and Debt Service at List Price with Rates and Terms Currently Available through Local Lenders. Ample Opportunity to Improve Complex and Increase Operating Profits or Leave it "As Is" and Land Bank for Future Development. Consists of Seven (7) Two-bedroom, One-bath units with Air-conditioning. There are Six Two-story units and One Resident Manager' s Unit which is Single-level with Ocean View Lanai. Coin-operated Laundry on-site. Recently Tent-fumigated with New Roof in 2003. One of the few buildings Connected to the County Sewer. Positive Cash Flow with Developmental Potential- a Great Investment Opportunity! Spreadsheets with more Detailed Information are Available.
Located in the Center of Town in Kailua-Kona, Two Blocks from the Beach. Kona is the Main City on the West Coast of the Big Island of Hawaii.
Map of 75-5757 Kalawa Street, Kailua Kona, HI 96740 (Hawaii County)
Created 4/13/2009
Additional Information for 75 Kalawa Street, Kailua Kona, HI 96740
- Active For Sale - 1 Listing
- Active For Lease - 1 Listing
- Previously Listed - 5 Historic Listings
- Sales Comparables Available - 3 RecentSales Records
View additional information for the property view other currently active listings, previous listings, sales comparables, public records, and county records data for this address.
The information above has been obtained from sources believed reliable. While we do not doubt its accuracy we have not verified it and make no guarantee, warranty or representation about it. It is your responsibility to independently confirm its accuracy and completeness. Any projections, opinions, assumptions, or estimates used are for example only and do not represent the current or future performance of the property. The value of this transaction to you depends on tax and other factors which should be evaluated by your tax, financial, and legal advisors. You and your advisors should conduct a careful, independent investigation of the property to determine to your satisfaction the suitability of the property for your needs.