Listing Image
MLS: 702665
Asking Price: $1,095,000 Fee Simple
Sold Price: $1,095,000
Sold Date: 08/25/2023
Type: Residential
District: South Kohala
Street: 68-1879 Pakanu St
Neighborhood: Waikoloa Village
Monthly Association Fee: $80
Beds: 5   Baths: 3 Full / 1 Half
Living Area: 2,768 SF
Land Area: 15,730 SF
Parking: Detached
Days on Market: 419
Year Built: 1989
Zoning: RS-10
Roads: County,Paved
Property Taxes: $2,853
Assessed Value: $601,400
Assessed Ratio: 182.08%
Listing Courtesy: KW Big Island
Terms Acceptable: Cash,Conventional,VA

Investment Opportunity/Multi-Family Home with 3 Separate Living Areas

Welcome to this remarkable property that offers an exceptional opportunity for investors or those seeking a home with multifamily potential. This updated residence features three separate living areas with split A/C throughout, including a main home, a bonus studio with its own bathroom, and a 2 BR 1 BA space, all under one roof. With its versatile layout, modern upgrades, and fantastic potential, this property is sure to captivate savvy investors or those seeking flexible living arrangements.

The main living area offers ample space and comfort with 2 BRs and 2 BAs providing room to relax, entertain, and enjoy privacy when needed. Adding to the appeal of this property, a bonus studio with kitchenette awaits, presenting endless possibilities. Whether you envision it as an office, an art studio, a guest suite, or even a potential rental unit, this additional space opens up a world of potential uses, catering to a variety of needs. In addition to the main home & bonus studio, this property features a separate 2 BR, 1 BA space upstairs. This self-contained living area is perfect for extended family or as an additional source of rental income, enhancing the property's investment potential. The home could easily be converted back to a 4 BR/3BA PLUS studio. With recent upgrades throughout, this home showcases modern finishes and a contemporary aesthetic.

Step outside to discover a spacious covered outdoor area- a tranquil spot to unwind, a place to entertain guests, or a safe play area for children, the backyard offers a versatile canvas to suit your preferences and create lasting memories. There is even a finished bonus shed in the back that offers even more possibilities! The property's location is highly desirable, with close proximity to the best beaches, essential amenities, entertainment options, and reputable schools. Priced to sell, don't miss out on the opportunity of a lifetime!

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