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MLS: 654402
Asking Price: $1,650,000 Fee Simple
Sold Price: $1,285,000
Sold Date: 09/14/2022
Type: Multi-Family
District: Waimea
Street: 9871-A Kahakai Rd
Neighborhood: Waimea Town Lots
Beds: 18   Baths: 9 Full / 2 Half
Living Area: 6,838 SF
Style: 4+ Units
Land Area: 0.55 Acres
Parking: Attached,Unassigned,Other (remarks)
Days on Market: 639
(The Price of the property was lowered by $249,000 on 03/08/2022)
Year Built: 1938
Zoning: R-10
Roads: County,Private,Unpaved
Property Taxes: $7,735
Assessed Value: $1,028,600
Assessed Ratio: 160.41%
Listing Courtesy: Oceanfront Sotheby's International Realty
Terms Acceptable: Cash,Conventional
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Investment Rental Property in Waimea Town - Located right across the Ocean

Rare opportunity to own 6 homes on one lot in Waimea Town located across from the ocean. Currently used as a rental property it is located across from the Waimea Pier and the black sandy beaches of Waimea. Enjoy relaxing morning walks or watch beautiful sunsets. If you enjoy fishing, Waimea Pier is a favorite fishing spot on the westside of Kaua'i. This property is walking distance to just about everything you would need to enjoy the simple lifestyle on the westside of the island. Enjoy the Historical Waimea town, Waimea Theater, eateries, grocery stores, gift shops, banks, library, hospital, medical clinic, schools and the close proximately to beautiful Kokee, Polihale Beach Park and the white sandy beaches of Kekaha.

2 Homes are restored in the Classic Plantation Style with high ceilings and the simple feeling of old Hawaii. These 2 homes are duplex units consisting of two 2 bedroom 1 bath in each of the units. The other homes on the property comprise a 3 bedroom 1.5 bath with garage; a 2 bedroom 1 bath with garage; and a 2 bedroom 1 bath with garage. These five homes are currently tenant occupied. The last home is currently vacant which consist of 3 bedrooms and 2 baths. Interior renovation work has not been completed.

With some TLC this property presents many development opportunities. Property being sold As-Is.

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