Linda McCabe and Erin McCabe with Coldwell Banker Island Properties - 808-225-1048
Hawaii Condo ManiaMLS: 202510044 $5,890,000 Beds /0 Baths
MLS #: 202510044 Status: ACTIVE List Price: $5,890,000 Price SQFT: $0 City: KAILUA
Beds: Baths: 0 Year: 1965 Zip: 96734
Listing Remarks
This exceptional property offers 10 apartment units and 2 ground floor retail units in prestigious Kailua. The building was majorly renovated inside and outside including replacement of all utilities, new silicone waterproof roof and commercial grade gutter systems, all new stainless steel appliances, flooring, interiors, fencing and painting. All apartment units have dual-pane glass vinyl windows and balcony sliding doors, LED lighting, split AC units in bedrooms and living rooms, and individual full-size stacked LG washer-dryers located on the balconies. The 2 retail spaces benefit from a high visibility location in this upscale retail corridor. In addition to abundant street parking in the immediate area, there are 7 covered parking stalls. Located just moments from Whole Foods Market and Kailua Beach. This is a trophy, renovated asset in an incredibly desirable submarket where investment properties are rarely available for sale and could be “turnkey” for a buyer. 5% cap rate on current income! The apartments and retails units have been split into separate TMKs (1-4-3-31-27-1 & -2) for lower property tax rates.
Address: 54 MALUNIU AVENUE KAILUA HI 96734
Listing Courtesy of STANDARD MANAGEMENT LLC
Listing Photos
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Last Updated: 2025-05-01