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SOLD
MLS: 710599
 
Asking Price: $899,900 Fee Simple
Sold Price: $875,000
Sold Date: 08/08/2024
Type: Residential
District: North Kona
Street: 74-5096 Kumakani St
Neighborhood: Kona Macadamia Acres
Beds: 4   Baths: 3
Living Area: 1,704 SF
Style: Attached
Land Area: 7,811 SF
Parking: Covered
Days on Market: 238
Year Built: 1978
Zoning: RS-7.5
Roads: Paved,County,Curbs/Gutters,Street Lights
Property Taxes: $6,586,.74
Assessed Value: $593,400
Assessed Ratio: 151.65%
Listing Courtesy: eXp Realty
Terms Acceptable: 1031 Exchange,Cash,Conventional,FHA,USDA-Rural Dev,VA
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Property is currently tenant occupied. Listor is owner.

Welcome to this charming & profitable 4 Bedroom, 3 Bathroom home that doubles as a versatile 3-Unit property...offering both functionality and potential for investment.

Situated on a spacious 7811 sq. ft lot, you'll find a large leveled side yard which flows into a slightly sloped backyard. Share in the bounties of nature and find space to start your own garden alongside mature fruit trees including: Kahaluu Avocado, Lychee (currently in bloom) as well as Mango, a variety of Citrus, fruit trees, creating a tranquil oasis for residents and guest alike.

Ample storage in the carport closet as well as under the house which could serve as a space to convert into a potential 4th rental unit in the future, adding equitable value and addition cash flow. Laundry facilities including washer and dryer are included, and are accessible to all tenants on a pre-determined wash schedule for each unit.

UNIT A features 2 Bedrooms and 1 Bathroom, providing ample space for comfortable living. UNITS B & C are cozy Studios with 1 Bathroom each, providing ideal accommodations for individuals or couples. The recent addition of a new deck fronting Unit C adds to the property's appeal. Parking is made easy with 5 off-street parking stalls available for tenants to share, along with 2 additional on-street stalls conveniently located in front of the property.

With existing leases in place held by stellar tenants, walk into a stable and immediate income stream already done for you. Leases are currently set to expire as follows:
Unit A (March 2025)
Unit B (August 2024)
Unit C (May 2024)

The desirable neighborhood of Kealakehe enjoy's the convenience of nearby amenities, including schools, shopping centers, restaurants, and parks...all 5 minutes away or less. Enjoy the cool elevation, amazing Kona Sunsets, ocean views and quiet locale.

Don't miss out on owning a versatile property with live-in potential while still providing a solid income.


 
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