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SOLD
MLS: 202406802
 
Asking Price: $2,850,000 FS - Fee Simple
Sold Price: $2,800,000
Sold Date: 07/24/2024
Type: Multi-Family
District: Kaneohe
Address: 47-459 & 47-459A Mapele Road, Kaneohe, HI
Neighborhood: Waihee
Land Area: 3.25 Acres
View: Mountain
Parking: Covered
Days on Market: 720
Year Built: 1958
Easements: Driveway,Electric,Other,Water
Zoning: 52 - AG-2 General Agricultural
Land Recorded: Regular System
Property Taxes: $515
Assessed Value: $1,088,200,.00
Assessed Ratio: 261.9%
Listing Courtesy: Corcoran Pacific Properties
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Discover an exceptional opportunity to own over 3 acres of lush green surroundings enveloping a tropical garden paradise. This property boasts four units, each occupied by long-term tenants, ensuring a stable monthly income exceeding $14,000. Between 2022 and 2023, three of the homes have undergone complete remodeling, including roof on duplex, while one has been partially renovated. Enjoy the tranquility of a beautiful private fenced yard adorned with majestic trees, vibrant tropical flowers, and an assortment of fruit-bearing plants. Whether you're seeking a profitable investment or a serene retreat, this property offers the perfect blend of income potential and natural beauty. Sale includes both TMK 1-4-7-27-4 (47-459 and 47-459A Mapele) 3 acres, AG-2, TMK 1-4-7-27-5 (47-449A and 47-449B) .25 acres, R-5. Front home 47-459 Mapele: 928 sq ft, 3/2, 2 car carport. Second home 47-459A Mapele:1,200 sf ft, 3/2, 2 car carport. 47-449A Mapele: 1,080 sq ft, 3/2, 2 car carport. 47-449B Mapele: 540 sq ft, 2/1, 2 car carport. These are attached and have a driveway easement and are within TMK 1-4-7-27-4. Property will be sold As Is. Please do not disturb tenants.


 
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