Active

3198 WAWAE RD

KALAHEO HI, 96741

$2,700,000


$1,125.00 per sqft

Active

7 Beds

4.5 Baths

2,400 sqft

Multi-family

Built in 2002

Calmness and serenity located in the Lawai Valley Estates with 4 income producing units on one lot. Live in one unit and rent the others, the possibilities are endless!

Property Highlights:
* Upstairs Main Home * 1 Bed / 1 Full Bath
- $2,850 / month, tenant pays additional 30% of monthly electric bill
- Private yard and parking
- Chimenea fireplace in living room

* Downstairs Main Home * 4 Bed / 2 Full Baths
- $5,400 / month, tenants pay additional 40% of monthly electric bill
- Attached garage with access to half
- Staircase leading to two half lofts
- Enclosed lanai with chimenea fireplace
- Private courtyard

* Private Cottage Studio * 1 Bed / 1 (3Qrt) Bath
- $2,700 / month, tenant pays additional 20% of monthly electric bill
- Located on the back left side of property
- Open floorplan with ladder to bedroom loft
- Private lanai with outdoor shower with private courtyard

* Caretakers Cottage * 1 Bed / 1 (3Qrt) Bath
- $1950/ month, tenant pays additional 10% of monthly electric bill
- Located on the back right side of the property
- Screened in covered lanai overlooking the valley

* 2nd half of Garage - Office Space or Storage Space *
- $900 / month
- Private entrance on back side
- Possible use as extra storage, office space, or gym.

> SELLER FINANCING AVAILABLE < Incredible opportunity with attractive seller financing with down payment of 10%. Please inquire for more information!
> Sold fully furnished.
> By appointment only, please do not drive by or disturb tenants.
> Seller would like new owner to consider up to a 2-year lease back for Caretakers Cottage and 2nd half of garage at $2,850 / month plus 10% of electricity. Seller could also help manage property and collect rents for reduced lease.
> Property does not accurately match county records. Currently used as a non-conforming use rental property. Buyer to do their own due diligence.

710567

MLS ID

May 2, 2024

Listed

October 1, 2024

Updated

Map

3198 WAWAE RD
KALAHEO HI, 96741

Interior Features

Bedrooms

7


Total Bathrooms

4.5


Full Bathrooms

3


Three-Quarter Bathrooms

2


Interior Features

Hardwood


Appliances

Dishwasher, Microwave, Range, Oven, Refrigerator, Dryer, Washer


Floor Description

Hardwood


Fireplace

Yes


Fireplace Description

Wood Burning


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.35 Acres


Sewer

Septic Tank

Other Property Details

Area Name

Koloa


Taxes

$3,186


Tax Frequency

Annually


Days on Market

94


Garage

No


View

Yes


View Description

Mountain(s)


Pool

No


Zoning

A

Listing History

Date

Event

Price

8/9/2024

Price change

$2,700,000

-6%

7/3/2024

Price change

$2,850,000

-5%

 

Courtesy of eXp Realty, David D Ower

Listing Contact:  

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