15-1419 RAILROAD AVE KEAAU HI 96749

  • $1,100,000
Keaau, Puna

Overview

MLS #: 654639
  • Multi-family
  • Property Type
  • 4
  • Bedrooms
  • 4.01
  • Bathrooms
  • 2472
  • sqft
  • 1990
  • Year Built
  • 101059
  • Lot sqft

Description

If you have been wanting to have an INSTANT INCOME and live a tropical lifestyle, this amazing property could be perfect! Situated on TWO oversize lots that total 2.32 LUSHLY LANDSCAPED Acres; with Three dwellings! Live in the main home and continue to rent out the other three legal units in the short term vacation rental market. Since the law changed a few years ago making 80% of the vacation rental units illegal, this property with a transferrable STVR License is very valuable & rare.

Main home has one bedroom, 1.5 bathrooms; a covered entrance lanai and a large 10′ by 24′ covered back lanai overlooking the lush gardens and the pool. It also has an attached 480 SF enclosed garage/workshop and golf cart. The in-ground pool is 15′ by 40′

Behind the main home is a legal 1 bed/1 bath home with a full kitchen. This is being used as a legal hosted vacation rental unit. It has it’s own septic system and water tank. This has been well designed with plenty of lush landscaping between the two units for privacy.

Then on the adjacent parcel, that is included in the sale, tmk 3-1-5-42-253 there are two separate LICENSED STVR Units. Larger unit has full kitchen and one bedroom with full bathroom. The third unit is 1 bedroom 1 bath. Both of these have privacy plantings.

Ideal location approx 15 min from City of Hilo and an 8 min drive to quaint Pahoa Town for the new multi-million shopping center with gym, shopping, art boutiques, restaurants, banks, churches and grocery store. Pahoa also has an Olympic size pool and skatepark. Also just a few minutes to the ocean cliffs to watch whales frolic during whale season.

The property is being sold TURN-KEY with everything you need to immediately take over the rentals that are in place for many months. The sellers will help the new buyers set up their own VRBO and Airbnb listings and will help facilitate the transfer of the rental reservations. 81% Occupancy! Amazing opportunity
MLS #:654639

Listing courtesy of Heather E. Hedenschau, CRS at Big Island Brokers

  • Address 15-1419 RAILROAD AVE KEAAU HI 96749
  • City Keaau
  • Zip/Postal Code 96749
  • Area Puna

Details

Updated on September 28, 2021 at 12:00 am
  • MLS #: 654639
  • Price: $1,100,000
  • Property Size: 2472 sqft
  • Land Area: 101059 sqft
  • Bedrooms: 4
  • Bathrooms: 4.01
  • Year Built: 1990
  • Property Type: Multi-family
  • Property Status: For Sale

Additional details

  • Bathrooms Full: 4
  • Bathrooms Half: Yes
  • Bathrooms Total: 4
  • Bedrooms Total: 4
  • City: KEAAU
  • Directions: From Hilo, use the Pahoa-Keaau Hwy 130 and head East on Kaloli Dr; make a right onto Railroad Ave; homes are located about half way to Paradise on the Makai side. Look for white vinyl and lava rock wall fence. IN USE AS A SHORT TERM VACATAION RENTAL AND DO NOT ENTER PROPETY WITHOUT AN APPOINTMENT! The main home can be shown on short notice; all the STVR units can be shown when vacant. Contract Listing Agent for schedule of avail units. No for sale sign on property.
  • Levels: One
  • Living Area Units: Square Feet
  • Living Area: 2472
  • Lot Size Area: 101059
  • Lot Size Units: Square Feet
  • Parcel Number: 3150422540000
  • Subdivision Name: HAWAIIAN PARADISE PARK
  • Year Built: 1990

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Contact Penn Henderson - Kona Realtor in Hawaii
MAHALO FOR DROPPING BY!
Big Island Real Estate - Kona, Hawaii

WOULD YOU LIKE ME TO HELP WITH YOUR SEARCH?

I excel at locating ideal Big Island properties specific to your needs and unique lifestyle.

100% Hustle.

No Gimmicks. No Hassles. No Fees.

Just a Few Questions (3-Minutes)