OCEAN-VIEW, MULTIPLE BUILDING PROPERTY - GREAT INVESTMENT OPPORTUNITY OR FAMILY COMPOUND. 8 units on 1.5 lush acres located on the ocean-side of Hana Hwy. These homes boast high vaulted ceilings, ocean-views, and natural hardwood floors. The two main houses were just recently renovated. The property has great storage for equipment, fertile land with Bananas, Lilikoi, Papayas, Tropical Flowers and many Coconut Palms. HOUSE 1 (Floor 1 - Unit A: 1b/1bath, Unit B: 1b/1bath) (Floor 2 - 3b/1bath, 2 Car Carport & Storage loft) HOUSE 2 (Floor 1 - Unit A: 2b/1bath, Unit B: 1b/1bath, Unit C: 1b/1bath, Floor 2 - 4b/3.5 Bath, 2 Car Garage & Storage Loft) STUDIO (10x10 studio) - currently vacant, needs rehab UNFINISHED COTTAGE *BONUS 9TH UNIT* (1 B/1Bath) 2 STORY (2b/1outdoor bath/kitchen) Approx. $20,000 in monthly rent has been collected in the past, with an unfinished cottage which once finished is rentable for another $2k/month. (See Docs) Only a 5-minute drive to the Pauwela & Haiku canneries & a 15-minute drive to Paia Town! Great for a buyer interested in the potential and as a family & friend compound, farming, workshop spaces, epic views, privacy & proximity to famous epic surf breaks and private ocean bays. ANNUAL OPERATING EXPENSES: -Electric: $12,000/yr -Gas: $2,796/yr -Landscaping: $7,200/yr -Property Management: (7.5%): $22,500/yr -RE Taxes: (0.3%): $8,700/yr *Please inquire for a full breakdown of proforma Max Quinn 360-553-2737
This property is off market, which means it's not currently listed for sale or rent on Zillow. This may be different from what's available on other websites or public sources.
