733 Kihapai Pl - Apartments FOR SALE


Kailua, HI 96734
$3,700,000 USD
808-753-3091
733 Kihapai Pl, Kailua, HI for Sale
$3,700,000 USD
Apartments - FOR SALE
1/8
null | Request Cap Rate

733 Kihapai Pl
Kailua, HI 96734


HIGHLIGHTS

  • Unit Mix -- Features eight high-demand 2BR/1BA units (approx. 545 sq. ft. each)
  • Kailua Town Location -- Boasts a “Moderately Walkable” score of 70/100, with residents just a 6-to-9-minute walk from Kailua Town Center
  • Stable Cash Flow -- The property is currently fully leased, benefiting from the robust demand driven by its location
  • Off Street Parking -- Dedicated off-street parking, providing both tenant convenience
  • High Barriers to Entry -- Extremely limited land for new development ensures long-term value preservation and low vacancy rates
  • Affluent Resident Base -- Kailua boasts some of the highest household incomes in the State of Hawaii

OVERVIEW

Kihapai Apartments presents a rare opportunity to acquire a stabilized, 8-unit multi-family property in the core of Kailua Town. Built in 1960 and situated at the end of a cul-de-sac, the property consists of eight (8) well-maintained 2-bedroom, 1-bathroom units. With a consistent history of 100% occupancy, this asset offers investors immediate cash flow with significant long-term appreciation potential in one of Hawaii’s most supply-constrained submarkets.

FOR SALE DETAILS

PRICE

$3,700,000 USD

PRICE/SF

$496 USD /SF

# OF UNITS

8

PRICE/UNIT

$462,500

CAP RATE

Request Cap Rate

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Kihapai Apartments

PROPERTY TYPE

Multi-Family

APARTMENT STYLE

Low-Rise

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

1960

PARKING SPACES

10

LAND DETAILS

LAND ACRES

-

LAND SF

-

ZONING

A-2

APN/PARCEL ID

1-4-3-058-066-0000

ASK ABOUT THIS PROPERTY

James ShipmanCBRE, Inc.More Info
808-753-3091

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James ShipmanCBRE, Inc.More Info
808-753-3091

By clicking the button, you agree to Showcase's Terms of Use and Privacy Notice.