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…
Status: For Sale
Price: $4,950,000
Property Type: Specialty
Sub-Type: Residential Income
Building Size: 3,759 SF
Cap Rate: 4.95%
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