$1,400,000
$1,500,000
6.7%For more information regarding the value of a property, please contact us for a free consultation.
81-6678 MAMAO ST Kealakekua, HI 96750
8 Beds
5.5 Baths
0.35 Acres Lot
Key Details
Sold Price $1,400,000
Property Type Commercial
Listing Status Sold
Purchase Type For Sale
Subdivision Kealakekua Village
MLS Listing ID 635242
Sold Date 10/23/20
Bedrooms 8
Full Baths 5
Half Baths 1
Year Built 1992
Annual Tax Amount $5,950
Lot Size 0.346 Acres
Property Description
Quality constructed two story commercial building conveniently located at the northern end of Mamao Street in Kealakekua township. Situated at a cool and comfortable elevation of approximately 1,400', this prime location is easily accessible from either the Mamalahoa Hwy., or the Bypass Road.
The notable features of this income producing property include:-
Upper Level:-
* 4 apartments each having 2 bedroom and 1 bath, all of which are occupied by long term renters.
* Three of the apartments have covered lanai.
* 12 parking stalls with each unit being assigned 2 stalls.
* Magnificent ocean and coastline views.
* EPA compliant septic system.
* A separate coin operated laundromat.
Lower Level:-
* A studio apartment with a long term renter.
* A large office with a bathroom.
* Ramp access for wheel chairs.
* In excess of 2,250 sq ft of high ceiling storage with pallet racking.
* A loading and container dock with roll-up door.
* A covered and secure lean to storage area.
* A separate EPA compliant septic system.
This one of a kind property generates an impressive rental income stream which could be further bolstered by the rental of the office and storage space.
Location
State HI
Area South Kona
Zoning CV-7.5
Interior
Heating None
Cooling None
Exterior
Garage Assigned, Detached, Other (remarks)
Fence Rock/Stone
Pool No
Waterfront N
View Coastline, Ocean, Ocean Horizon, Sunset
Building
Lot Description Corner
Sewer Septic
Water Municipal, Meter Installed
Others
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
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Penn Henderson
HAWAII REALTOR® | License ID: RS-83962
HAWAII REALTOR® License ID: RS-83962