22 Palione Pl – Multifamily Property

Kailua, Hawaii

Considered one of Hawaii’s great beach towns, Kailua’s slender strand along its windward shore is home to two idyllic public beaches, Kailua Beach…

22 Palione Pl - Multifamily Property

Status:   For Sale

Price:   $4,950,000

Property Type:   Specialty

Sub-Type:   Residential Income

Building Size:   3,759 SF

Cap Rate:   4.95%

Document List For Investors

Sample only – links don’t work

PROPERTY FACTS

Price   Upon Request       

Sale Type   Investment      

No. Units   10           

Property Type   Multifamily      

Property Subtype   Apartment       

Apartment Style   Low Rise

Building Class    C

Lot Size   0.20 AC

Building Size   17,669 SF

No. Stories   3

Year Built   1900

 

FINANCIAL SUMMARY (PRO FORMA – 2019)    ANNUAL    ANNUAL PER SF

Gross Rental Income   $447,250    $118.98

Other Income       

Vacancy Loss       

Effective Gross Income   $447,250    $118.98

Taxes       

Operating Expenses       

Total Expenses   $187,004    $49.75

Net Operating Income   $260,246    $69.23

Kahala Hotel & Resort    5 Star    338 rooms    36 min drive

PROPERTY TAXES

Parcel Number    1-4-3-017-058-0000    Improvements Assessment   $794,100

Land Assessment    $1,555,700        Total Assessment            $2,349,800

 

ZONING

Zoning Code    03-R-10