599 Keolu Drive B Kailua, HI 96734
Townhouse
MLS #: 202423607
Courtesy Of Hawaii Life Real Estate Brokers
Property InformationDescription
Looking for a 1031 Exchange investment property with steady cash flow and potential long-term capital appreciation? Consider Kukilakila Lakefront Development - a waterfront community of Enchanted Lake in Kailua that is peaceful, pet friendly, has resort like amenities and is just minutes to Kailua Town shops and restaurants. This townhouse comes with 4 tenants on 12 month leases earning $8670 per month in gross monthly income; a Gross Rent Multiplier (GRM) of only 12.7, not to mention the demonstrated history of capital appreciation of over 50% in the last 6 years.
The property floorplan has been successfully modified from current tax records and renovated to maximize rental income (4 beds and 4 associated baths with each room equipped with WIFI enabled security keypad locks). The renovations were completed with high quality materials and substantially performed by licensed contractors. The unit is being Sold "As-Is" and is priced accordingly to reflect the unpermitted and non-conforming status of the renovations. Maintenance fees are low and cover a lot. HOA has 100% hurricane insurance.
The property floorplan has been successfully modified from current tax records and renovated to maximize rental income (4 beds and 4 associated baths with each room equipped with WIFI enabled security keypad locks). The renovations were completed with high quality materials and substantially performed by licensed contractors. The unit is being Sold "As-Is" and is priced accordingly to reflect the unpermitted and non-conforming status of the renovations. Maintenance fees are low and cover a lot. HOA has 100% hurricane insurance.
Features
- Age: Over 50 Years Old
- Amenities: Deck, Dock, Patio, Ceiling Fan
- Appliances: Dishwasher, Dryer, Microwave, Range, Refrigerator, Washer
- Architecture Style: Other
- Cooling System: Ceiling Fan(s), Window Unit(s) A/C
- Floor Covering: Tile, Tile - Ceramic, Vinyl
- View Type: Mountain
MAP & DIRECTIONS
School Information
599 Keolu Drive B, Kailua, HI 96734
Elementary School
Grades PK-12 |
Public School
ANUENUE SCHOOL
Honolulu, HI 96816
2528 10th Ave
808.733.8465
Distance: 6.9 mi
School Rating
A
Student:Teacher Ratio
16:1
Total Students
507
Elementary School
Grades PK-6 |
Public School
KAILUA ELEMENTARY SCHOOL
Kailua, HI 96734
315 Kuulei Rd
808.266.7878
Distance: 0.1 mi
School Rating
B
Student:Teacher Ratio
15:1
Total Students
340
Middle School
Grades 7-8 |
Public School
KAILUA INTERMEDIATE SCHOOL
Kailua, HI 96734
145 S Kainalu Dr
808.263.1500
Distance: 0.4 mi
School Rating
A-
Student:Teacher Ratio
15:1
Total Students
785
High School
Grades 9-12 |
Public School
KALAHEO HIGH SCHOOL
Kailua, HI 96734
730 Iliaina St
808.254.7900
Distance: 1.4 mi
School Rating
B+
Student:Teacher Ratio
17:1
Total Students
827
| Other Nearby Schools | Distance | Type | Grades | School Rating |
|---|---|---|---|---|
| Kailua Preparatory | 0.3 mi | Private | UG | |
| St Anthony School Kailua | 0.5 mi | Private | PK-8 | |
| Hawaiian Mission Academy Winward Campus | 0.6 mi | Private | KG-8 | |
| Kailua High School | 0.7 mi | Public | 9-12 | B- |
| Trinity Christian School | 0.8 mi | Private | PK-12 | |
| Kaelepulu Elementary School | 0.9 mi | Public | PK-6 | B- |
| Enchanted Lake Elementary School | 1.0 mi | Public | PK-6 | A- |
| Ka'ohao Public Charter School | 1.0 mi | Public | PK-6 | B |
| St John Vianney School | 1.3 mi | Private | PK-8 | |
| Maunawili Elementary School | 1.3 mi | Public | PK-6 | A+ |
| Kainalu Elementary School | 1.4 mi | Public | PK-6 | A- |
| Olomana School | 1.6 mi | Public | 7-12 | |
| Keolu Elementary School | 1.6 mi | Public | PK-6 | A- |
| Aikahi Elementary School | 2.2 mi | Public | PK-6 | B- |
| Huakailani School For Girls | 2.7 mi | Private | KG-8 | |
| Windward Nazarene Academy | 3.1 mi | Private | PK-8 | |
| Puohala Elementary School | 3.4 mi | Public | PK-8 | B+ |
This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.
Demographic Data
Kailua, HI 96734
| Median Age: | 39 |
|---|---|
| Married: | 63% |
| Number of Households: | 16,107 |
| Households with Children: | 33.3% |
Kailua, HI 96734
Demographic Data
-
Occupancy Types
- 0 Vacant
- 0 Owned
- 0 Rented
-
Transportation to Work
- 0 Drive
- 0 Public Transportation
- 0 Walk / Bike / Other
- 0 Work at Home
Copyright © 2024 Honolulu Board of REALTORS®. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
