hale maluniu - loopnet · 2018. 7. 18. · 1 bedroom 2 bath 2 bath1 limitedcommon area bath 1 bath...
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Hale MaluniuA 38 Unit Fee Simple Condominiumized Property in Kailua
101 & 117 Maluniu Avenue
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Completed in 2017. 101 and 117 Maluniu Avenue in Kailua o�ers a a rare opportunity to own a new apartment complex in one of Hawaii’s most desirable towns.
On the beach side of Kailua town these apartments provide great access to both Kailua Beach and Kailua town’s shops and restaurants.
All 38 units on the 34,844 square feet of land have been individually condominiumized.
Occupancy has been at 100% since final completion in fall of 2017. (9) Studios, (9) One Bedrooms, (14) Two Bedrooms and (6) Duplex Units.
HALE MALUNIU
PROPERTY DESCRIPTION
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HIGHLIGHTS
Ÿ Each unit is individually metered for all utilities (water, sewer, and electricity).
Ÿ PV system (not shown in current photos) offsets owner expenses by approximately $45,000 per year.
Ÿ Ample Parking with 75 stalls for 38 units.Ÿ Community storage for surfboards, bicycles,
and kayaks.Ÿ Condominiumized units can be sold separately.Ÿ Individually taxed units save owner from paying
Class A tax rates.
INVESTMENT SUMMARYAsking Price: $19,250,000
Address: 101 & 117 Maluniu Avenue, Kailua. HI 96734
2018 Budgeted NOI: $803,701
Tenure: 38 Fee Simple Condominiumized Units
Land Area: 34,844 Sq Ft
Total Building Area: 29,476 Sq Ft
# of Units: 38
TMK No.: (1) 4-3-052:001, 55 & 58
Zoning: BMX3 & R5
Effective Year Built: 2016, completed 2017
Height: 25 Feet
Flood Zones: X
Parking Stalls: 75
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Value Enhancements
Floor Plans, 4 story condominium.
BEDROOM 2 BEDROOM 1 BEDROOM
1
BEDROOM 2
BATH 2
BATH 1
LIMITED COMMON AREA
BATH 1
BATH 2
KITCHEN KITCHEN
UNIT 117A UNIT 117C UNIT 117E
UNIT 117B UNIT 117D UNIT 117F
LIVING/DINING LIVING/DINING
SECOND FLOOR
1/4" = 1'-0"1
Floor Plan, Duplex units
Carvill Sotheby’s International Realty970 N Kalaheo Avenue, Suite A100Kailua, HI. 96734PH: (808) 263-5900www.carvillsir.com
Scott Carvill, [email protected]
Contact: