Hale MaluniuA 38 Unit Fee Simple Condominiumized Property in Kailua

101 & 117 Maluniu Avenue

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

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

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, PBscott@carvillsir.com808-216-0089

Contact: