75-5749 ALAHOU ST #25 Kailua Kona HI 96740

LONO - KONA SUBDIVISION

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20 bd
25 | ba
Sq ft: 6,297
2012

A$887500075-5749 ALAHOU ST #25 Kailua Kona HI 96740

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Rare offering of stabilized apartment income property at Alahou Street Apartments. 25 units in two newer buildings, with 8 2-bedroom units in building A built in 2012 and 15 studio units plus 2 2-bedroom units in Building B built in 2018, both being in excellent condition. Total of 10 2-bedroom units and 15 studio units located in the heart of Kailua-Kona town. With a high barrier to entry due to lack of water and zoned land, there are no new competing projects planned in the area at this time, leading to consistent rental pressure over time and high occupancy, typically pushing 100%. Great parking and walking distance to shopping and dining add to the desirability of this project. Priced at $8,875,000, which represents a 5.5% capitalization rate on Trailing Twelve Months (T-12) financial performance, this Offering provides an excellent opportunity for investing in the Kailua-Kona market, one of Hawaii's most popular resort/residential markets. With the planned new hospital and other growth in the area, continued upward pressure on rents and high occupancy is very likely. Walkability score of 72. Potential to convert the project to a Condominium Property Regime is available.

LOCATION INFORMATION

District: North Kona
Latitude: 19.63932514
Frontage: Road/Street Subdivision: LONO - KONA SUBDIVISION
INTERIOR FEATURES

Floors: Laminate
Laundry: Stacked Washer/Dryer Appliances: Microwave, Range, Refrigerator, Washer/Dryer Stacked
EXTERIOR FEATURES
Zoning: RM-1 Lot Size in Sq. Ft: 25855
Road Description: County
Design: Double Wall, Hollow Tile Fencing: Stone
Lot Description: Top quality stabilized asset, central location. 5.5% Cap Rate. 100% occ. Lot Number: A
Security: None Topography: Gentle Slope
Security: City, Mountain(s)
FEATURES
Additional Information

Tax Key: 375022072
Property Type:
Year Built: 2012
Taxes: 45961.11
Land Tenure: Fee Simple
$ 3,151 per month
30 Year Fixed. 3.525% Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $ 157

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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Listed by: Pacific Realty Organization LLC

Seller’s Representative:

Kohanaiki Realty LLC © 2023 Hawaii Information Service. All rights reserved. © 2023 MLS Hawaii, Inc. All rights reserved.

Provided Courtesy of Hawaii Information Service. In this page not only will you see properties represented by Kohala Coast Properties, but also properties represented by other members of Hawaii Information Service. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is updated approximately every two hours. The last update time is shown below.

HIS data last updated at July 24, 2026 8:54 PM HAST

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