North Kona Home For Sale: 79-973 KEALAOLA RD, North Kona, in Big Island of Hawaii

MLS: 701023 (Active - For Sale)

Asking Price: $2,250,000 Fee Simple
Type: Multi-Family
District: North Kona
Street: 79-973 Kealaola Rd
Neighborhood: Honuaino 4th - Kanaueue 1st & 2nd
Beds: 11 Baths: 6 Full / 2 Half
Living Area: 4,409 SF
Style: 4+ Units
Land Area: 4.87 Acres
Parking: Assigned,Other (remarks)
Amenities: Landscaped,Storage Area,Smoke/Heat Detector,Skylight
Days on Market: 198
(The Price of the property was lowered by $375,000 on 03/13/2023)
Year Built: 1989
Zoning: A-5A
Roads: Private
Land Recorded: Regular
Property Taxes: $11,096
Assessed Value: $859,400
Assessed Ratio: 261.81%
Listing Courtesy: LUVA LLC
Terms Acceptable: 1031 Exchange,Cash,Conventional

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Multifamily Hobby Farm Opportunity

Wonderful rental investment and farming opportunity. Three separate structures with 6 units, this multifamily property sits on almost 5 acres located in very close proximity to Kona Community Hospital.
The Kealaola Farm has a rich history of producing approximately 2.5 acres of coffee, various fruits including, banana, citrus, rambutan, lychee, avocado, soursop, mountain apple and starfruit.

-Units are currently leased and successfully managed to long term tenants.
-PV system installed in 2013
-Cottage #1/ 2 bedroom 1 bath
-Cottage #2/ 2 bedroom 1 bath, 3 bedroom 1.5 bath and 1 bedroom 1 bath
-Cottage #3/ 2 bedroom 1 bath and 1 bedroom 1 bath.

Land is zoned Agriculture and is ripe for the next investment opportunity.

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2 Transaction(s) Found in Sales History

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