Register (optional)
Forgot Password
Listing Image
SOLD
MLS: 638357
 
Asking Price: $949,000 Fee Simple
Sold Price: $907,000
Sold Date: 02/09/2021
Type: Residential
District: North Kohala
Street: 54-3793 Akoni Pule Hwy
Neighborhood: Kapaau Village
Beds: 9   Baths: 8 Full / 1 Half
Living Area: 2,574 SF
Style: 4+ Units
Land Area: 5.68 Acres
Parking: Other (remarks)
Days on Market: 1475
Year Built: 1934
Zoning: A-20A
Roads: County,Paved
Property Taxes: $4,378
Assessed Value: $521,500
Assessed Ratio: 181.98%
Listing Courtesy: Keller Williams Realty Maui
Terms Acceptable: 1031 Exchange,Cash,Conventional,PMM
Google Map   County Records
 
Print Version

Income property with huge potential

Take the 100 year old Kohala Club Hotel and make it even better with your own spin on the facility. 9 beds and 8.5 baths on 5.6 acres make this expansive property the ideal investment for anyone looking to diversify their portfolio. With the volatility of stocks, more investors are turning to passive rental income to secure their financial future. Facility includes three separate dwellings on 5.68 acres. The 2 story, 1 bed, 1.5 bath owners residence was completely rebuilt including an expansive private deck. The actual hotel consists of 2 structures on the other side of the lot for privacy. A side by side duplex and a 6 plex all with their own private entrances and bathrooms. This property fronts the main road through Kapaau where hundreds of thousands of visitors drive past every year.

*Estimated gross profit potential based on February 2019 market survey:
$90.00 per night
60% occupancy rate
8 rooms(owners residence separate)
$155,520 gross income

Centrally located close to Historic Hawi town where you can find some of the best dining, art galleries, and coffee shops on the island. Continue driving east on Highway 270 and you’ll literally come to the end of the road at the stunning Pololu Valley overlook. Fruit trees include lychee, mango, avocado, lime, macnut, orange, papaya, and tangerine. .

Due to age of buildings(built over 100 years ago)Bed & bath count does not match county records. 2 separate cesspools on site. The property is split into two zoning districts: an estimated 1.26-acres are zoned RS-15 and 4.42-acres are zoned A-20a. Approximately 2.0 acres of 4.42-acre A-20a zoned is usable, the remaining 2.42 acres being part of the Waikaulapala Gulch.


 
This information has not been verified by the associate and should be
verified by the buyer. Information is deemed reliable but not guaranteed.
Copyright: 2015 by Hawaii Information Systems.
 
IDX information is provided exclusively for consumer's personal, non-commercial
use and may not be used for any purpose other than to identify prospective
properties consumers may be interested in purchasing.
 
The active listings on this site are listed by REALTORS®. If you are
interested in those listings, we may represent you as the buyer's agent.
SEARCH
BIG ISLAND REAL ESTATE
Pool

Foreclosures   Short Sales
Bedrooms:
Price:
View:
Frontage:


(Try our Detailed Big Island Search)