UPDATED:
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
HOA Y/N No
Year Built 1995
Annual Tax Amount $3,186
Tax Year 2023
Lot Size 0.348 Acres
Property Sub-Type Four Or More Units
Source Hawaii Information Service
Land Area 15159
Property Description
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
Region Koloa
City Region Koloa
Interior
Hot Water Electric
Flooring Ceramic Tile, Hardwood, Slate
Fireplaces Type Wood Burning
Appliance Dishwasher, Dryer, Electric Cooktop, HIS Microwave Hood, Microwave, Range, Range Hood, Refrigerator, Washer, Washer/Dryer Stacked
Exterior
Parking Features Assigned
Utilities Available Electricity Available, Underground Utilities
View Y/N Yes
View Forest, Garden, Mountain(s), Ocean Horizon, Pasture
Topography Terraced
Garage No
Private Pool No
Building
Sewer Cesspool, Septic Tank
Others
Ownership CPR
Acceptable Financing 1031 Exchange, Cash, Contract
Listing Terms 1031 Exchange, Cash, Contract
Special Listing Condition Fee Simple, Standard
GET MORE INFORMATION
Travis Scott
Big Island Realtor | License ID: RS-83053
Big Island Realtor License ID: RS-83053