232-A Kihapai Street

Kailua, HI 96734

Incredible opportunity to own a spacious 2-story home in Kailua! Call your contractor and get ready to customize your future home. Priced well below tax assessed value, this home is awaiting a makeover to bring it back to life. Completely rebuilt in 1991 integrated with rental spaces. Main floor: 3 bedrooms/2 bathrooms with a partially covered lanai; 1st flr interior needs a complete renovation. 2nd floor: 3 bedrooms/2 bathrooms, separate entrances on each side, dedicated laundry area and open floor plan which can easily be converted to partition a studio to increase rental possibilities. In 2019, both bathrooms were completely renovated. Currently tenant occupied til Jan 10, 2025. Some simple landscaping can transform the level yard where a mature avocado tree sits. The carport boasts large storage closets easily accommodating 2 covered parking + 3 more in the driveway and a boat. Perfect for multi-generational families or a single family seeking built-in rental capability. Ride your bicycle or take a stroll down the road to Kailua town. Kalama Beach park is a short 4 min drive, with Kailua and Lanikai Beaches just a few minutes down the coastline.