Opportunity awaits in desirable Kailua! This CPR property is situated on a flag lot offering added privacy and backs up to a peaceful canal and preservation land, providing a natural backdrop and added sense of space. The home is in fair condition and presents a great opportunity for buyers, investors, or contractors looking to renovate, rebuild, or create their own vision in this sought-after location. This property is eligible under the First Look Initiative. All Owner Occupant offers will be responded to after 7 days on the market, and Investor offers will be responded to after 30 days. However, all offers can be submitted during the First Look period.