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SOLD
MLS: 665947
 
Asking Price: $795,000 Fee Simple
Sold Price: $700,000
Sold Date: 08/09/2023
Type: Multi-Family
District: Puna
Street: 16-1891 37th Ave
Neighborhood: Orchid Land Estates
Beds: 8   Baths: 6
Living Area: 3,600 SF
Style: 4+ Units
Land Area: 2 Acres
Parking: Covered,Detached
Amenities: Ceilings-9'+,Enclosed Lanai,Landscaped,Storage Area,Smoke/Heat Detector
Days on Market: 536
Year Built: 1984
Zoning: A-1A
Roads: Graded,Private,Unpaved
Property Taxes: $3,800
Assessed Value: $406,500
Assessed Ratio: 195.57%
Listing Courtesy: Corcoran Pacific Properties
Terms Acceptable: 1031 Exchange,Cash,Conventional,VA
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2-Acres in Orchidland with Income Generating Potential

This is a great opportunity for a new owner looking to generate rental income. It includes 6 possible rental units. The front of the lot is fenced and gated and there are fruiting trees. New 20,000-gallon catchment tank. Over 1,500 sq ft warehouse/shop with a partial upper deck. Rental Units: Units 1 and 2 - Two bedroom units, granite countertops, stone tile walk-in showers, new construction, new appliances. Very nicely done, with nice finishes. Two acres are completely cleared and level, with lots of room for garden projects. The property is close to a paved road for convenient access. Units 3 and 4 - One bedroom units with separate entrances and lanais, washer/dryer in each unit, separate tankless gas water heaters, lots of new kitchen cabinets, and granite countertops. Unit 5 - upper floor of the 2-story house, 1 bedroom, 1 bath, vaulted wood panel ceilings with open beams, gas range/oven, outdoor washer/dryer, shared with the downstairs unit. Unit 6 - Lower floor of 2-story house, studio apartment, 1 bath.


 
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