About 3198 Wawae Rd
Calmness and serenity located in the Lawai Valley Estates with 4 income producing units on one lot. Live in one unit and rent the others, the possibilities are endless!
Property Highlights:
* Upstairs Main Home * 1 Bed / 1 Full Bath
- $2,850 / month, tenant pays additional 30% of monthly electric bill
- Private yard and parking
- Chimenea fireplace in living room
* Downstairs Main Home * 4 Bed / 2 Full Baths
- $5,400 / month, tenants pay additional 40% of monthly electric bill
- Attached garage with access to half
- Staircase leading to two half lofts
- Enclosed lanai with chimenea fireplace
- Private courtyard
* Private Cottage Studio * 1 Bed / 1 (3Qrt) Bath
- $2,700 / month, tenant pays additional 20% of monthly electric bill
- Located on the back left side of property
- Open floorplan with ladder to bedroom loft
- Private lanai with outdoor shower with private courtyard
* Caretakers Cottage * 1 Bed / 1 (3Qrt) Bath
- $1950/ month, tenant pays additional 10% of monthly electric bill
- Located on the back right side of the property
- Screened in covered lanai overlooking the valley
* 2nd half of Garage - Office Space or Storage Space *
- $900 / month
- Private entrance on back side
- Possible use as extra storage, office space, or gym.
> SELLER FINANCING AVAILABLE < Incredible opportunity with attractive seller financing with down payment of 10%. Please inquire for more information!
> Sold fully furnished.
> By appointment only, please do not drive by or disturb tenants.
> Seller would like new owner to consider up to a 2-year lease back for Caretakers Cottage and 2nd half of garage at $2,850 / month plus 10% of electricity. Seller could also help manage property and collect rents for reduced lease.
> Property does not accurately match county records. Currently used as a non-conforming use rental property. Buyer to do their own due diligence.
Features of 3198 Wawae Rd
| MLS® # | 710567 |
|---|---|
| Price | $2,550,000 |
| Bedrooms | 7 |
| Bathrooms | 5.00 |
| Full Baths | 3 |
| Square Footage | 2,400 |
| Acres | 0.35 |
| Year Built | 1995 |
| Type | Residential Income |
| Sub-Type | Four Or More Units |
| Status | Active |
| Property Taxes | 3,186 |
Community Information
| Address | 3198 Wawae Rd |
|---|---|
| Subdivision | KALAHEO HOMESTEADS |
| City | Kalaheo |
| State | HI |
| Zip Code | 96741 |
Amenities
| Parking | Assigned |
|---|---|
| View | Forest, Garden, Mountain(s), Ocean Horizon, Pasture |
| Is Waterfront | No |
| Has Pool | No |
Interior
| Appliances | Dishwasher, Dryer, Electric Cooktop, Microwave, Microwave Hood, Range, Range Hood, Refrigerator, Washer, Washer/Dryer Stacked |
|---|---|
| Fireplaces | Wood Burning |
Additional Information
| Date Listed | May 7th, 2024 |
|---|---|
| Days on Market | 372 |
| Zoning | A |
| Foreclosure | No |
| Short Sale | No |