3198 WAWAE RD Active Save Request In-Person Tour Request Virtual Tour
Kalaheo,HI 96741
Key Details
Property Type Multi-Family
Sub Type Four Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,400 sqft
Price per Sqft $1,037
Subdivision Kalaheo Homesteads
MLS Listing ID 710567
Bedrooms 7
Full Baths 3
Three Quarter Bath 2
Year Built 1995
Annual Tax Amount $3,186
Tax Year 2023
Lot Size 0.348 Acres
Property Sub-Type Four Or More Units
Property Description
Income-Producing Property in Lawai Valley Estates – Seller Financing Available
Unique opportunity to own a serene, multi-unit property in Lawai Valley Estates with 4 permitted rental units + office/storage space on one lot. Live in one and rent the rest—or lease all for maximum income. Fully furnished and income ready.
Units & Rents:
* Upstairs Main Home – 1BD/1BA | $2,850/mo + 30% electric | Private yard, fireplace
* Downstairs Main Home – 4BD/2BA | $5,700/mo + 40% electric (additional $900/mo if rented to extra person per contract) | Attached garage (half), lofts, lanai, courtyard| Attached garage (half), lofts, lanai, courtyard
* Studio Cottage – 1BD/¾BA | $2,700/mo + 20% electric | Loft bedroom, outdoor shower, lanai
* Caretaker's Cottage + Half Garage Office/Storage – 1BD/¾BA + half of garage office/storage space | $2,850/mo + 10% electric | Screened lanai, valley views, private rear entrance to office/storage
Financials:
Total Monthly Income: $14,100–$15,000
Seller Financing Terms:
10% Down ($249,000)
4.75% Interest
Up to 5-Year Term
Approx. P&I Payment: $11,971.81/month
Additional Info:
- Fully furnished
- Private courtyards and lanais
- Chimenea fireplaces in main units
- By appointment only – do not disturb tenants
- Property does not match county records – buyer to verify
- Seller requests leaseback of Caretaker's Cottage + garage space for up to 2 years at $2,850/mo + 10% electric; open to assisting with property management for reduced lease rate
Excellent investment opportunity with flexible use and immediate rental income in a lush Kauai valley setting.
Location
State HI
Community Kalaheo Homesteads
Area Hi
Building/Complex Name C T CONDOMINIUM
Zoning A
Interior
Hot Water Electric
Flooring Ceramic Tile,Hardwood,Slate
Fireplaces Type Wood Burning
Exterior
Parking Features Assigned
Utilities Available Electricity Available,Underground Utilities
View Y/N Yes
View Forest,Garden,Mountain(s),Ocean Horizon,Pasture
Building
Sewer Cesspool,Septic Tank
Others
Acceptable Financing 1031 Exchange,Cash,Contract
Listing Terms 1031 Exchange,Cash,Contract
Special Listing Condition Fee Simple,Standard