74-5009 Kealakaa St, Kailua-Kona, HI 96740, USA

Investor’s Dream in Kona – Multi-Unit Income Potential Near Town & Beaches Just minutes from the heart of Kona, this versatile and updated property presents an exceptional investment opportunity. With over 2,600 sq ft of living space and a flexible layout divided into three separate rentable units, this home is perfectly positioned for strong cash flow and long-term appreciation. Freshly painted and thoughtfully updated, the property balances modern appeal with classic Hawaiian charm. Investors will appreciate the low-maintenance improvements and layout designed for multi-generational living, house hacking, or maximizing rental revenue. Take in ocean and mountain views from the expansive upstairs sundeck – a key feature for attracting quality tenants or vacation rental guests. Located near schools, beaches, shops, and restaurants, this property combines location, flexibility, and income potential in one rare offering. Unit 1: Main home with 3 beds, 2 baths – ideal for owner-occupancy or high-yield rental Unit 2: Studio with full bath at the front – perfect for short-term or long-term rental Unit 3: Downstairs rec room with bath + 1 bed/1 bath upstairs in back – a turnkey income-producing unit Total AS-IS Rental Income: $5,825/month Annual Cash on Cash Return: 22.56%