INVESTMENT OPPORTUNITY – 6% CAP RATE<BR><BR>Rare Multi-Building Income Property in the Heart of Kailua-Kona<BR><BR>Now offered is a unique investment opportunity to acquire two residential buildings situated in the desirable Lono-Kona Subdivision, just a short stroll from Kailua Pier, restaurants, shops, and all the conveniences of Kona town.<BR><BR>Set back from the buzz of Ali‘I Drive, this private compound features two spacious homes - currently utilized as a 13-bedroom / 6-bath income property, offering excellent rental income and strong occupancy potential. <BR><BR>Zoned RD-3.75 (Double-Family Residential District), this property offers rare zoning flexibility, with a minimum land area requirement of 3, 750 SF per dwelling unit. This opens up possibilities for creative long-term rentals or multi-generational configurations.<BR><BR>Highlights include:<BR><BR>- Property Manager on the site<BR>- County sewer connection<BR>- New exterior and interior paint<BR>- New paint on the roof<BR>- Walking distance to dining, retail, beaches, and the harbor<BR>- Minutes to Lanihau Center with full-service grocery, restaurants, bowling, post office, salon & more. Ideal for ocean sports enthusiasts - kayaking, sunset sails, all nearby<BR><BR>Rare zoning + multiple units + income = excellent long-term value<BR><BR>This is a must-see opportunity for savvy investors seeking a well-located, high-yield property in one of Kona’s most vibrant and walkable neighborhoods.<BR><BR>Act quickly - this prime investment won’t last long!
