53-356A Kamehameha Hwy

53-356A Kamehameha Hwy
Hauula, HI 96717

For Sale

Sold

Sold Price

$1,750,000 (FS)

List Price

$1,850,000 (FS)

Property Type:: Multi-Family
Studio Units:: 0
1-Bed Units:: 0
2-Bed Units:: 3
3-Bed Units:: 3

Land Area (sf):: 37,004
Living (sf):: --
Lanai (sf):: --
Other (sf):: --

Parking Stalls:: 12 - Assigned, Open

MLS #:: 202111865
Island:: Oahu
Region:: Kaneohe
Neighborhood:: PUNALUU
TMK:: 1-5-3-004-040-0000

List Date:: May 14, 2021
Date Sold:: July 28, 2021

REMARKS:

This truly special and turn-key investment property is nestled between Punalu'u Valley and the Pacific Ocean with serene views over kalo fields into the lush valley. Two duplexes and 2 single family homes for a total of 6 units (4 of which were remodeled in the last 6 years) on a 37, 004 sq ft R-5 lot. The other 2 need updating, but all six units are occupied with happy tenants for steady income, even during the pandemic. Zoning of this very unique lot allows one house per 5, 000 sq ft for even better development potential. Exterior showings by appointment only. Please do not disturb the tenants. Note: Some photos are several years old, from last vacancy.

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PROPERTY INFORMATION:

Zoning:: 5 - R-5 Residential
Furnished:: Partial

Year Built:: 1942
Year Remodeled:: 1972

FINANCIAL INFORMATION:

Assd. Val. Land:: $1,029,700
Assd. Val. Imprv:: $657,800
Assd. Val. Total:: $1,687,500

Tax Year:: 2021
Monthly Taxes:: $471
Home Exempt.:: --

SCHOOLS:

Elem. School:: Hauula
Middle School:: Kahuku
High School:: Kahuku

OTHER PROPERTY FEATURES:

Frontage:: Other
View:: Mountain, Ocean
Pool:: --
Amenities:: None
Inclusions:: --
Security:: --
Assn. Fee Inclusions:: --
Other Fee Inclusions:: --

Lot Description:: Clear
Topography:: Level
Number of Stories:: One, Two
Building Style:: --
Property Condition:: Above Average, Average, Excellent, Needs Major Repair
Construction:: Hollow Tile, Single Wall
Roofing:: Composition, Other
Floor Covering:: --

Disclosures:: Pet on Property, Property Disclosure Stmt
Possession:: At Closing, Subject To Tenancy
Terms Accept.:: Cash, Conventional, 1031 Exchange
Land Recorded:: Regular System

Exclusions:: --
Easements:: Electric, Ingress, Telephone
Set-Backs:: Of Record

Compensation*:: 2.7%
Compensation Type:: --

* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Saturday, April 20, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of Team Real Estate, Inc.

For Sale

202111865