75-5777 MILENA PL Kailua Kona, HI 96740
6 Beds
4 Baths
3,356 SqFt
Open House
Sun Aug 23, 1:00pm - 4:30pm
UPDATED:
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,356 sqft
Price per Sqft $446
Subdivision Kona Heights Subdivision
MLS Listing ID 732456
Bedrooms 6
Full Baths 4
HOA Y/N No
Year Built 1978
Annual Tax Amount $10,491
Tax Year 2026
Lot Size 9,004 Sqft
Property Sub-Type Single Family Residence
Source Hawaii Information Service
Land Area 9004
Property Description
Set up as three separate living spaces, the property is currently operating as a successful income-producing rental while offering flexibility for investors, extended families, or anyone looking to offset ownership costs with rental income.
Unit A (Top level): consists of 3 bedrooms, 2 baths, generous living spaces, a dedicated laundry room, and windows that fill the home with natural light. Ocean views can be enjoyed from the living room and every bedroom, while the primary suite includes its own private bathroom.
Unit B: (Lower level) features 2 bedrooms, 1 bathroom, a full kitchen, and a comfortable living area.
Unit C: (Lower level) includes 1 bedroom, 1 bathroom, a kitchenette, and its own living room.
In addition, there is a second laundry room and a 2-car garage providing additional storage and convenience for the property as a whole.
Since purchasing the home, the sellers have completed an extensive list of improvements, including a brand-new roof, conversion from a cesspool to a fully permitted 1,250-gallon septic system, new vinyl windows, remodeled kitchens and bathrooms, updated cabinetry and countertops, new LVP flooring, a laundry room addition, upgraded electrical, custom window treatments, seamless gutters, fencing, exterior painting, paver walkways, landscaping, and countless other improvements that add value, function, and peace of mind.
The result is a property where the heavy lifting has already been completed and is now ready for a buyer to reap the rewards. Whether you're adding to your investment portfolio or bringing multiple generations together under one roof, this is a rare opportunity to own a beautifully improved, income-producing property just minutes from everything Kailua-Kona has to offer.
Location
State HI
County Hawaii Island (big Island)
Community Kona Heights Subdivision
Area Hi
Zoning A-5A
Region North Kona
City Region North Kona
Interior
Flooring Carpet, Vinyl
Exterior
Parking Features Covered, Other
Garage Spaces 2.0
Utilities Available Cable Available, Electricity Available, Phone Available
View Y/N No
Topography Fairly Level,Gentle Slope
Garage Yes
Private Pool No
Building
Lot Description Cul-De-Sac, Dead End, Grassy
Entry Level Two
Sewer Septic Tank
Others
Ownership Full
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Fee Simple, Standard
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