599 Keolu Drive, Unit B
Kailua, HI 96734
$1,225,000
Price
3
Beds
2
Baths
1
1/2 Bath
1,380 Sq. Ft.
$888 / Sq. Ft.
1,380
Sq. Ft.
$888
per Sq. Ft.
Description
Looking for an investment property with steady cash flow or an owner occupant property in great condition. Consider this unit at the waterfront community of Enchanted Lake in Kailua which is peaceful, pet friendly, has resort like amenities and is just minutes to Kailua Town shops and restaurants. For the investor, this townhouse comes with 4 tenants on 12 month leases earning $8670 per month in gross monthly income; For the Owner Occupant, the seller will consider ending current leases early to...Looking for an investment property with steady cash flow or an owner occupant property in great condition. Consider this unit at the waterfront community of Enchanted Lake in Kailua which is peaceful, pet friendly, has resort like amenities and is just minutes to Kailua Town shops and restaurants. For the investor, this townhouse comes with 4 tenants on 12 month leases earning $8670 per month in gross monthly income; For the Owner Occupant, the seller will consider ending current leases early to facilitate owner occupancy for an acceptable offer. The property floorplan has been successfully modified from current tax records and renovated to maximize rental income (4 beds and 4 associated baths with each room equipped with WIFI enabled security keypad locks). The renovations were completed with high quality materials and substantially performed by licensed contractors. The unit is being Sold "As-Is" and is priced accordingly to reflect the unpermitted and non-conforming status of the renovations. Maintenance fees are low and cover a lot. HOA has 100% hurricane insurance. Seller to entertain pre-paying future maintenance fees for acceptably priced offers.
- Listed by Jon S Mann • License #RB-19922 • Hawaii Life • (800) 370-3848
Property Details for 599 Keolu Drive, Unit B
Architectural Style
Townhouse
ViewMountain, Sunrise, Sunset
Zoning05 - R-5 Residential District
NeighbourhoodKUKILAKILA
Flood ZoneZone X
Stories/LevelsTwo
Land TenureFS - Fee Simple
LISTING UPDATED: 11/22/2024 06:05 PM
Property Details for 599 Keolu Drive, Unit B
| Status | Active |
|---|---|
| MLS # | 202423607 |
| Days on Market | 55 |
| Taxes | $313 / month |
| HOA Fees | $709 / month |
| Condo/Co-op Fees | - |
| Compass Type | Condo |
| MLS Type | Condo/Townhouse |
| Year Built | 1973 |
| County | Honolulu County |
Building Information for 599 Keolu Drive, Unit B
Building/ComplexKukilakilaFloor-Stories-Residences-Pet Policy-Year Built1973
Property Information for 599 Keolu Drive, Unit B
Summary
Location and General Information
- City: Kailua
- County Or Parish: Oahu
- State Or Province: HI
Taxes and HOA Information
- Association Community Name: Kukilakila
- Association Fee 2 Includes: Association, Maintenance, Other Common Expenses
- Association Fee Includes: None
- Association Fee Total: $709
- Tax Amount: $313.33
- Tax Assessed Value: $1,134,200.00
- Tax Assessed Value Improvements: $737,100.00
- Tax Assessed Value Land: $397,100.00
- Tax Excemption Owner Occupancy: 0
- Tax Year: 2024
- Parcel Number: 1-4-2-093-003-0000
- HOA YN: Yes
School Information
- Elementary School: Kaelepulu
- High School: Kailua
- Middle Or Junior School: Kailua
Parking
- Parking Additional: 0
- Parking Features: Garage, Guest, Open - 2, Street
- Parking Total: 4
- Condo Parking Unit: Garage/Driveway
Property
Lot Information
- Building Name: Kukilakila
- Floor Number: 1
- Property Frontage: Other
- Property Type: Condo/Townhouse
- SQFT Garage Carport: 454.0
- Open Other Spaces Total: 336.0
- SQFT Roofed Living: 1380.0
- Sqft Total: 1716.0
- Land Recorded: Regular System
- Lot Size Area: 1794.0
- Year Built: 1973
Property and Assessments
- Appliances: AC Split, AC Window Unit, Attic Fan, Auto Garage Door Opener, Cable TV, Ceiling Fan, Dishwasher, Dryer, Microwave, Range/Oven, Refrigerator, Smoke Detector, Washer, Water Heater
- Photo Count: 23
- New Development Construction: No
- Property Condition: Excellent, Above Average
- Special Listing Conditions: None
- Disclosures: Property Disclosure Stmt
- Foreclosure: No
- Fractional Ownership: No
- Exclusions: Other
- Supplement Count: 1
- TMK Area: 142
- TMK Condo Property Regime Number: 0
- TMK Division: 1
- TMK Parcel: 3
- TMKPLAT: 93
- TMK Section: 2
- TMK Zone: 4
Interior and Exterior Features
Exterior Features
- Amenities: BBQ, Boat Dock, Club House, Community Association Pool, Exercise Room, Heated Pool, Patio/Deck, Pool on Property, Recreation Area, Resident Manager, Walking/Jogging Path, Wall/Fence
- Construction Materials: Double Wall, Slab, Wood Frame
- Flooring: Ceramic Tile, Vinyl
Interior Features
- Baths Full: 2
- Baths Half: 1
- Baths Total: 2.01
- Beds Total: 3.0
- Furnished: None
- Room Count: 0
Multi Family
Multi-Family Information
- Unit Features: Bedroom on 1st Level, Full Bath on 1st Floor, Multi Level, Storage, Yard
- Unit Number: B
Income & Expenses
- Maintenance Fee Amount: $709.26
Agent
Sale and Listing
- DOM: 45
- Listing Service: Full Service
- Management Company Name: Hawaiiana
- Management Company Phone: 808-593-9100
- MLS: HI Central
- MLS Area Major: Kailua
- Status: Active
- Public Remarks: Looking for an investment property with steady cash flow or an owner occupant property in great condition. Consider this unit at the waterfront community of Enchanted Lake in Kailua which is peaceful, pet friendly, has resort like amenities and is just minutes to Kailua Town shops and restaurants. For the investor, this townhouse comes with 4 tenants on 12 month leases earning $8670 per month in gross monthly income; For the Owner Occupant, the seller will consider ending current leases early to facilitate owner occupancy for an acceptable offer. The property floorplan has been successfully modified from current tax records and renovated to maximize rental income (4 beds and 4 associated baths with each room equipped with WIFI enabled security keypad locks). The renovations were completed with high quality materials and substantially performed by licensed contractors. The unit is being Sold "As-Is" and is priced accordingly to reflect the unpermitted and non-conforming status of the renovations. Maintenance fees are low and cover a lot. HOA has 100% hurricane insurance. Seller to entertain pre-paying future maintenance fees for acceptably priced offers.
- Possession: 45 Days or Less, At Closing, Subject to Rental Lease
Showing and Remarks
- Showing Instructions: Two Day Notice Reqd, Appointment Only, Call Listor, Listor Must Be Present
Rental
Rent Information
- Occupant Type: Tenant
- Total Actual Rent: $8,670.00
Property History for 599 Keolu Drive, Unit B
| Date | Event & Source | Price | Appreciation |
|---|
| Date | Event & Source | Price |
|---|
For completeness, Compass often displays two records for one sale: the MLS record and the public record.
Public Records for 599 Keolu Drive, Unit B
Taxable ValueLand$397,100Additions$737,100Total$1,134,200
Tax Record2023$3,638 ($303 / month)
Home Facts
Beds3Baths2.5Total Finished SqFt1,380 SqFtAbove Grade Finished SqFt1,380 SqFtStories1Lot Size1,794 SqFtStyleTownhouseYear Built1973ZoningR-5 RESIDENTICountyHONOLULUAPN1-4-2-093-003
Schools near 599 Keolu Drive, Unit B
This home is within Hawaii Department Of Education.
Rating | School | Type | Grades | Distance |
|---|---|---|---|---|
| Public - | PK to 6 | |||
| Public - | 7 to 8 | |||
| Public - | 9 to 12 | |||
| Public - | 7 to 12 |
Rating | School | Distance |
|---|---|---|
Kaelepulu Elementary School PublicPK to 6 | ||
Kailua Intermediate School Public7 to 8 | ||
Kailua High School Public9 to 12 | ||
Olomana School Public7 to 12 |
School ratings and boundaries are provided by GreatSchools.org and Pitney Bowes. This information should only be used as a reference. Proximity or boundaries shown here are not a guarantee of enrollment. Please reach out to schools directly to verify all information and enrollment eligibility.
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No guarantee, warranty or representation of any kind is made regarding the completeness or accuracy of descriptions or measurements (including square footage measurements and property condition), such should be independently verified, and Compass expressly disclaims any liability in connection therewith. Photos may be virtually staged or digitally enhanced and may not reflect actual property conditions. Offers of compensation are subject to change at the discretion of the seller. No financial or legal advice provided. Equal Housing Opportunity.
Listing Courtesy of Hawaii Life, Jon S Mann, License #RB-19922