22 Palione Pl - Residential Income FOR SALE


Kailua, HI 96734
$4,475,000 USD
808-398-0632
22 Palione Pl, Kailua, HI for Sale
$4,475,000 USD
Residential Income - FOR SALE
1/56
null | 4.76% Cap Rate

22 Palione Pl
Kailua, HI 96734


HIGHLIGHTS

  • Current TVU Nonconforming Use Permit:File Number:90/TVU-0060
  • Local custom artwork incorporated into over $700,000 improvements.Additionally, home has been luxuriously furnished, Is turnkey!!! Multi-family use.
  • Resort- Like Landscaping offering Guests an Aloha experience the moment the etched Dolphin Gate swings open...

OVERVIEW

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 and Lanikai Beach. Kailua Beach has been voted the Best Beach in America in several different surveys, with special attention to it’s walking aspect. The 3 miles of beautiful fine, soft white sand along this crescent shaped bay borders the clear turquoise waters which have a consistent year round temperature of about 75 degrees F (25 C). The steady off shore trade winds, water temperature and protective reef make this bay a popular arena for all sorts of water sports. Looking to the north from the beach, you will see the Mokapu Peninsula (pic of the base) which houses the Kaneohe Marine Corps Base. Lanikai means "heavenly sea" in the Hawaiian language and when you see it you will know why it was given this name. It is a pristine beach and a favorite of many Kailuans and visitors alike. Its mile long beach of fine white sand and surfless, turquoise water is perfect for a beach day with the kids and for enjoying the view of the world famous Mokulua Islands, about a mile off shore. The beach cove on one of the small islands and the surf between the two are big draws to kyakers and surfers. Kailua is also surrounded by steep emerald slopes and carved quietly by rivers that flow into Kailua Bay. This great community just 12 miles from Honolulu is endowed with extraordinary beauty, a serene lifestyle, small-scale neighborhoods of single-family homes, a walkable downtown with great food and shopping, and vistas.

FOR SALE DETAILS

PRICE

$4,475,000 USD

PRICE/SF

$1,190 USD /SF

CAP RATE

4.76%

% LEASED

-

TENANCY

-

SALE TYPE

Investment Or Owner User

BUILDING DETAILS

PROPERTY NAME

Turnkey Business Opportunity Kailua Beachside

PROPERTY TYPE

Specialty

PROPERTY SUBTYPE

Residential Income

ADD'L SUBTYPES

Apartments, Dormitory

TOTAL BUILDING SIZE

-

STORIES

2

BUILDING CLASS

B

YEAR BUILT

1952

SPRINKLERS

-

PARKING SPACES

4

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,118 SF

ZONING

03-R-10

APN/PARCEL ID

1-4-3-017-058-0000

ASK ABOUT THIS PROPERTY

Carol EliasBerkshire Hathaway Home Services Hawaii RealtyMore Info
808-398-0632

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Carol EliasBerkshire Hathaway Home Services Hawaii RealtyMore Info
808-398-0632

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