Great investment opportunity! This property is comprised of 3 separate parcels of land with two units on each parcel. On each property there is a 3 bedroom/ 2 bath & a 2 bedroom/2 Bath, a two car carport creates additional privacy and separates the 2 units. All three properties to be sold simultaneously. A total of 15 bedrooms, 12 baths, with solid well screened tenants already in place. The property is easy care and low maintenance; Single level dwellings with tile floors throughout, excellent spacious floor plan, steel framed construction, well maintained properties. Located in picturesque Na'alehu town, near many tourist attractions such as South Point, Green Sands Beach, & Black Sands Beach. Bakery, gas stations and grocery store within walking distance. Clear, sunny blue skies and lovely temperature, county water and super safe lava zone 6! Income from all three parcels is $74,520 per year or $6210 per month. Current monthly expenses are $295.00 per parcel per month or $10,539 yearly expenses for all three. This includes real property taxes, insurance, water, septic pumping and yard care. Cap rate of 7.1% 12.73% is gross rent multiplier or grm. The Two other properties included in the sale: 3-9-5-9-23 & 3-9-5-9-24. Talk to your accountant about the three tax deductible Hawaiian "vacations" per year.
Windermere C & H Properties
Ceilings-9'+, Exterior Lighting, Storage Area, Smoke/Heat Detector, CO2 detection
|Price Reduced from $900,000 to $865,000|
Windermere C & H Properties.
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Listing information last updated on May 19th, 2019 at 2:08pm HST.