3 Beds
3 Baths
3,232 SqFt
3 Beds
3 Baths
3,232 SqFt
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active
Purchase Type For Sale
Square Footage 3,232 sqft
Price per Sqft $617
Subdivision Kapaa Town Lots
MLS Listing ID 728017
Bedrooms 3
Full Baths 3
HOA Y/N No
Rental Info 2074
Year Built 2004
Annual Tax Amount $12,660
Tax Year 2023
Lot Size 9,990 Sqft
Property Sub-Type Single Family Residence
Source Hawaii Information Service
Land Area 9990
Property Description
Each Unit has: The Ground floor is a 2-car enclosed garage. The 2nd Floor is the Kitchen/dining room, full bath, and lanai/bedroom or officeThe 3rd Floor is a large living room, bedroom, and loft, with a lanai that leads to the 4th floor deck
The 4th Floor is a rooftop deck with 360 degree panoramic ocean and mountain views. There is virtually nothing that compares with the experience of seeing Kapaa in a way that very few will ever have. The covered lanai decking is sealed with Elastomeric Roof Coating. Total sq footage for all 3 units is 4,536.and is designated "live/work by the County of Kauai. The building is located in downtown Kapaa, two blocks from the ocean/beach park and the oceanfront bike/walking path.
Restaurants, coffee shops, grocery stores, banks, and public transportation are within walking distance. Architectural drawings, for 6 additional rental units, will be prepared next month and submitted for permit approval in Dec. I would estimate the income to be $3,500. per unit x 6 = $21k a mo- Insurance, P Taxes thus the net, assuming no debt would be approx $18,500 mo + the existing building's Gross of $11,100 Mo, paying the approx $2,300 mo ground lease, P Taxes and Insurance, Existing Netting $8,500 Mo. + Estimated Total ,would be $27,000. Mo . See the attached rendering of the proposed 6 units. The ground lease extends to 2083 and is extendable.Existing Tri- Plex ( with 3 -2 car garages ) June 1, 26 will be ,per leases $12,550. mo Gross Proposed 2 -3 unit buildings over existing parking. 1 June, 27 Projection $24,000. Mo Gross.Proposed 9 unit gross rent is projected to be $36,550. MoThe property is lease Hold with known ground rent rates through 2084 ,lease is extendable then.The current monthly
Location
State HI
County Kauai
Community Kapaa Town Lots
Area Hi
Zoning SPA-A
Region Kawaihau
City Region Kawaihau
Interior
Interior Features High Ceilings
Hot Water Electric
Heating None
Cooling None
Flooring Carpet, Ceramic Tile, Hardwood
Appliance Microwave, Range, Refrigerator, Washer/Dryer Stacked
Exterior
Parking Features Deeded
Garage Spaces 6.0
Utilities Available Cable Available, Electricity Available, Phone Available, Sewer Connected, Underground Utilities
View Y/N Yes
View City, Mountain(s), Ocean
Topography Level
Garage Yes
Private Pool No
Building
Lot Description Corner Lot
Story 3
Others
Ownership Full
Acceptable Financing Cash, Conventional, Purchase Money Mortgage
Listing Terms Cash, Conventional, Purchase Money Mortgage
Special Listing Condition Leasehold, Standard
Nearby Locations
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ryan.islandproperties@gmail.com
2360 Kiahuna Plantation DrUnit C10-25, Koloa, HI, 96756, USA