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MLS#201813309 : $19,250,000

101,117 Maluniu
Kailua HI, 96734

Multi-Family Features

Sub TypeMulti-Family
Living Space29,476
Garage Cars75
Year Built2017
Date ListedJune 10 2018

101,117 Maluniu, Kailua, HI

Real Estate Agent Remarks:

Completed in 2017. 101 and 117 Maluniu Avenue in Kailua offers a rare opportunity to own a new apartment complex in one of Hawaii’s most desirable towns. On the beach end of Kailua town these apartments offer great access to both Kailua Beach and Kailua town shops and restaurants. All 38 units on the 34,844 square feet of land have been individually condominiumized. Occupancy has been at 100% since final completion fall of 2017. Each unit is individually metered for all utilities. PV system (not shown in current photos) offsets owner expenses by approximately $45,000 per year. 75 stalls for 38 units. Storage for surfboards, bicycles, and kayaks. Condominiumized units can be sold separately. Individually taxed units are assessed below class A tax rates. Selling at a 4.19% cap rate.

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Richard F. Pachon (B) ABR. SFR. BPOR.
Richard F. Pachon (B) ABR. SFR. BPOR.
Oahu International Realty
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Richard F. Pachon (B) ABR. SFR. BPOR.

Title: Hawaii Real Estate Broker
DRE#: RB- 20774
Broker: Oahu International Realty
Cell: 808-722-3342
Address:1888 Kalakaua Ave. # C-312 Honolulu HI, 96815
Richard F. Pachon (B) ABR. SFR. BPOR. 808-722-3342 Last Updated on June 10 2018. Last Synced with MLS on June 15 2018.

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Listed By Scott R Carvill of Carvill Sotheby's Intl. Realty.

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