SOLD 05/15/2019
Photos
About
Details
Open Houses
Monthly payment
Neighborhood
Unit Information
Amenties & Features
Income
Prices
Schools
Price history
Activity
Taxes
Tour report
Similar
Recently sold
Ask a question
Map View
75-5730 Alahou Street, Kailua Kona, HI 96740
$1,985,000 $2,095,000
Multi-Family Home
sold
7,240 sqft
Neighborhood:
Lono Kona
Sold 05/15/2019
$1,985,000 $2,095,000
19 min drive to Kohanaiki
30 min walk to Tiki's
About lifestyles
6.39% cap on existing NOI ($133,913.52) in a market with no inventory! 16 one-beds on Hamburger Hill w/ ample parking, super walkable to downtown Kailua-Kona. Views of Kailua Bay from many units, all units have closed lanais, adding to the interior square footage. Off-ground construction means repairs are simple and so much cheaper than busting through concrete. LOTS of storage on the makai side of the building can be rented out for additional income. Absolute rentability in a tight rental market, this building has so much potential! All units are separately metered for electric, and tenants pay their own. Laundry is leased and can be replaced with your own machines to increase income! Proposed to be put on public sewer in the next 1-2 years with an annual cost of $5449 for 35 years.
Read more
Multi-family details
1972 year built
- Year Built 1972
- Original list price $2,374,000
- Days on market 227
- Building type Apartments,Multi Dwellings
- Price per sqft $274/sqft
-
Address
75-5730 Alahou Street, Kailua Kona, HI, 96740
- Frontage Other
- Neighborhood Lono Kona
- Land tenure FS - Fee Simple
- Land SqFt 16,062 sqft
- View Ocean, Sunset
Open Houses
No upcoming open houses
Monthly payment
Calculate your monthly payments
Mortgage
$10,121
Taxes
$779
HOA dues
$0
Mortgage
Down payment
$397,000 / 20%
Interest rate
6.58%
Loan type
30 years
Your amount
$10,121 / month
Neighborhood: Lono Kona
Nearby & commute
Coffee shops
—
no data
Bus stop
—
no data
Supermarket
—
no data
Costco
—
no data
Hospital
—
no data
Park
—
no data
Beach
—
no data
Elementary school
—
no data
Middle school
—
no data
High school
—
no data
Local airport
—
no data
Unit Information
16 total units
# of 1 Bd
16
# of 2 Bd
0
# of 3 Bd
0
Total Units
16
Amenities & Features
16 parking places
Stories
Two
Furnished
Partial
Roof
Custom/Specialty
Construction
Double Wall, Wood Frame
Utilities
Cable, Internet, Overhead Electricity, Septic, Water
Property Condition
Above Average
Parking
Assigned
nr.of parking places
16
Amenities
Storage
Income
Net Operating Income: $133,914
Total Actual Rent
$15,425
Total Annual Operating Expenses
$52,538
Total Income
$186,452
Net Operating Income
$133,914
Lono Kona prices
Average price $1.78m
Neighborhood average sales price*
$1.78m
Neighborhood median sales price*
$1.58m
Number or sales*
38
Street median sales price*
$679.5k
Median sale price Maui Eldorado I*
$579.5k
*last 6 months
Schools
15 schools with rating up to 7
| School rating | Distance | |
|---|---|---|
| out of 10 |
Innovations - Public Charter School
755815 Queen Kaahumanu Hwy,
Kailua-Kona, HI 96740
Elementary School
|
1.025mi |
| out of 10 |
Innovations - Public Charter School
755815 Queen Kaahumanu Hwy,
Kailua-Kona, HI 96740
Middle School
|
1.025mi |
| out of 10 |
Kealakehe High School
745000 Puohulihuli St,
Kailua-Kona, HI 96740
High School
|
2.106mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Innovations - Public Charter School
755815 Queen Kaahumanu Hwy,
Kailua-Kona, HI 96740
|
1.025mi |
|
Kuleana Education
75-5995 Kuakini Hwy,
Kailua Kona, HI 96740
|
1.055mi | |
|
Kona Christian Academy
Po Box 1179,
Kailua-Kona, HI 96745
|
1.71mi | |
| out of 10 |
Kealakehe Elementary School
745118 Kealakaa St,
Kailua-Kona, HI 96740
|
2.033mi |
| out of 10 |
Kahakai Elementary School
76147 Royal Poinciana Dr,
Kailua-Kona, HI 96740
|
2.062mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Innovations - Public Charter School
755815 Queen Kaahumanu Hwy,
Kailua-Kona, HI 96740
|
1.025mi |
|
Kuleana Education
75-5995 Kuakini Hwy,
Kailua Kona, HI 96740
|
1.055mi | |
|
Kona Christian Academy
Po Box 1179,
Kailua-Kona, HI 96745
|
1.71mi | |
| out of 10 |
Kealakehe Intermediate School
745062 Onipaa St,
Kailua-Kona, HI 96740
|
2.084mi |
|
Hualalai Academy
74-4966 Kealakaa St,
Kailua Kona, HI 96740
|
2.401mi |
| School rating | Distance | |
|---|---|---|
| out of 10 |
Kealakehe High School
745000 Puohulihuli St,
Kailua-Kona, HI 96740
|
2.106mi |
|
Hualalai Academy
74-4966 Kealakaa St,
Kailua Kona, HI 96740
|
2.401mi | |
|
Makua Lani Christian Academy
74-4966 Kealaka'a Street,
Kailua Kona, HI 96740
|
2.629mi | |
| out of 10 |
West Hawaii Explorations Academy - Public Charter School
734460 Queen Kaahumanu Hwy,
Kailua-Kona, HI 96740
|
6.537mi |
|
High School of the Pacific
79-7486 Mamalahoa Hwy,
Kealakekua, HI 96750
|
8.539mi |
School ratings provided by Greatschools.org
© 2023. All rights reserved.
Price history
Sold May 15, 2019
| Date | Event | Price | $/sqft | Source |
|---|---|---|---|---|
| May 15, 2019 | Sold | $1,985,000 -5.25% from last sold price | $274.17 | Public Record |
| Feb 11, 2019 | Under contract | $2,095,000 | $289.36 | MLS #201824975 |
| Nov 16, 2018 | Price Decrease | $2,095,000 -11.75% | $289.36 | MLS #201824975 |
| Oct 1, 2018 | New Listing | $2,374,000 | $327.90 | MLS #201824975 |
Tax & MLS details 75-5730 Alahou Street, Kailua Kona, HI, 96740
12 - A-2 Medium Density Apartme zoning / MLS #201824975
Current Property Taxes p/month
$779
Property Tax Year
2017
Assessed Improvement value
$423,800
Assessed Land value
$390,300
TMK
3-7-5-022-060-0000
Land Recorded
Regular System
Zoning
12 - A-2 Medium Density Apartme
Flood Zone
Zone X
Topography
Down Slope
Location
Inside
Lot Description
Clear
Property Setbacks
Of Record
Total Assessed value
$814,100
Listed by
Commercial Inv. Strategies
MLS #
201824975
Hawaii House tour report for this multi-family home
No reviews yet
Stunning views
Ocean views
Open floorplan
Needs Work
Street noise
We do not have a Hawaii House tour report for this listing yet.
As soon as we do, we post it here.
As soon as we do, we post it here.
Similar homes nearby 75-5730 Alahou Street in Lono Kona
Recently sold nearby 75-5730 Alahou Street in Lono Kona
Ask a question
I agree to be contacted by Hawaii House via call, email, and text. To opt-out, you can reply ’stop’ at any time or click the unsubscribe link in the emails. Message and data rates may apply.
Frequently asked questions for 75-5730 Alahou Street
When was this multi-family home built and last sold?
This house was build in 1972 and sold in 2019.
What is the full address of this multi-family home?
75-5730 Alahou Street, Kailua Kona, HI, 96740.
Are there beaches near 75-5730 Alahou Street?
No, there aren't.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Copyright 2024 by HiCentral Mls, Ltd. Listing courtesy of Commercial Inv. Strategies. Some active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation. Hawaii House Inc. is a real estate brokerage firm licensed to conduct business in the State of Hawaii. Information deemed reliable, but not guaranteed.
Listings last updated on May 14, 2019.
Hawaii House Last checked 1 minute ago.
Lono Kona & nearby Neighborhoods
- Alii Drive - N Kona homes for sale
- Alii Point homes for sale
- Halewili homes for sale
- Harborview homes for sale
- Hillcrest - Kona homes for sale
More
Less