599 Keolu Drive, Kailua, HI 96734

Price Reduction. Court Ordered Sale. Investors Only as tenant occupied until May 31, 2026.  Looking for an investment property with a potential steady cash flow in very good condition. Consider this unit at the waterfront community of Enchanted Lake in Kailua which is peaceful, pet friendly, has resort like amenities and is just minutes to Kailua Town shops and restaurants. For the investor, this townhouse comes with multiple tenants previously earning $8670 per month in gross monthly income.The property floorplan has been modified from current tax records and renovated to maximize rental income (4 beds and 4 associated baths with each room equipped with WIFI enabled security keypad locks). The renovations were completed with high quality materials and substantially performed by licensed contractors. However, the unit is being Sold "As-Is" and is priced accordingly to reflect the unpermitted and non-conforming status of the renovations. Maintenance fees are low and cover a lot including exterior maintenance, roof, siding, lanais and fences, plus common area landscaping, and resort-like amenities such as heated pool, small workout area, and more. HOA has 100% hurricane insurance.