About (unit #b) 561 Kawainui Street
Rare 2.75% VA Assumable Opportunity in Kailua! Fall in love w/ this beautifully renovated home featuring a flexible floor plan perfect for multi-generational living or rental income. Main home offers a large open kitchen/living area, 3 bedrooms / 1 bath, LVP flooring & vinyl windows throughout. Attached is a spacious 2 bedroom/1 bath unit w/ its own kitchenette, laundry room and private backyard - ideal as a rental, guest suite, or extended Ohana space. Every detail has been updated - the home underwent a complete renovation in 2021, including splits, flooring, kitchens, and baths, and a new roof was installed in 2023. A large enclosed workshop off the 2-car carport provides room for tools, surfboards, bikes & all your lifestyle gear. The location is hard to beat - a short stroll to shops, restaurants & a quick bike or walk to world-famous Kailua Beach. Don’t miss your chance to secure this low 2.75% rate & enjoy the best of island living! PI pmt/mo is $5860 & current Gap is ~$281k. Secondary financing may reduce Gap to ~$160k. Recently producing $6,700/mo rental income, Open Sat, Oct 18th 10AM-1PM.
Features of (unit #b) 561 Kawainui Street
| MLS® # | 202518717 |
|---|---|
| Price | $1,600,000 |
| Land Tenure | FeeSimple |
| Bedrooms | 5 |
| Bathrooms | 2.00 |
| Full Baths | 2 |
| Square Footage | 2,260 |
| Acres | 0.11 |
| Year Built | 1954 |
| Type | Residential |
| Sub-Type | Single Family Residence |
| Style | Detached |
| Status | Active Under Contract |
Community Information
| Address | (unit #b) 561 Kawainui Street |
|---|---|
| Area | Kailua |
| Subdivision | COCONUT GROVE |
| City | Kailua |
| County | Oahu |
| State | HI |
| Zip Code | 96734 |
Amenities
| Utilities | Other, Water Available |
|---|---|
| Parking Spaces | 3 |
| Parking | Three or more Spaces |
| View | Mountain(s) |
| Is Waterfront | No |
| Has Pool | No |
| Pool | None |
Interior
| Interior Features | BedroomOnMainLevel,FullBathOnMainLevel |
|---|---|
| Fireplace | No |
| Stories | One |
Exterior
| Exterior | Concrete, Double Wall |
|---|
School Information
| Elementary | Kailua |
|---|---|
| Middle | Kailua |
| High | Kalaheo |
Additional Information
| Lease Fee | $0 |
|---|---|
| Monthly Maintenance Fee | $0 |
Listing Details
| Office | Island Living Homes |
|---|---|
| Contact Info | (808) 798-5800 |