MLS® 661282 (Hawaii Real Estate) is located at 4585 Kukui St KAPAA HI 96746 in KAPAA TOWN LOTS . The current listing status is Contingent. This 14 bed and 14 bath Home was built in 1989 and features 7408 finished sq.ft with a lot size of 0.43 acres. This property has a reported annual taxes of $23,039. This property is currently listed for an *asking* price of $3,600,000 (Leasehold) - please call for an explanation of fee simple vs leasehold. Buying Real Estate in Hawaii is very different from the mainland. We can help. 808-298-2030 Click Here to read customer Reviews from people who have worked with this agent.
This is a leasehold property, with a master lease in force through 2084. The conceiver, designer, and architect for this property has shaped this investment opportunity from 1986 to present date. The property is located a block from the Pacific Ocean and the 13-mile oceanfront bike path in the heart of downtown Kapaa, Kauai, Hawaii. Hawaii is referred to as paradise, so allow this opportunity to be your gateway to your slice of Paradise. The lessee, seller of the subject property, sold approximately 1/2 of the original parcel interest and subleases 50% of the master lease obligation to that buyer. This is a diversified investment vehicle, with approximately 4,660 sq ft comprised of 14 residential rentals. Additionally, well established Hoku Foods occupies over 2,748 sq ft on the first or of the 3-story building. Income is strong at approximately 38K per month with low expenses. See PDF attachment for Seller overview and explanation of the arrangements and financial profile. There are a wide range of detailed financial and technical documents available for this property. Additionally, there are income expansion opportunities available on this property that could create a total of 52 senior housing units and the commercial 1st floor Hoku Food space. There is one water meter, 2 electric meters and it is sewer connected. This well-established property is located on the east shore of Kauai Hawaii, central to Kauai's principal business district.
Convection Oven, Microwave, Refrigerator
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Listing information last updated on July 2nd, 2022 at 4:06am HST.