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54-3793 Akoni Pule Hwy

Kapaau
Take the 100 year old Kohala Club Hotel and make it even better with your own spin on the facility. 9 beds and 8.5 baths on 5.6 acres make this expansive property the ideal investment for anyone looking to diversify their portfolio. With the volatility of stocks, more investors are turning to passive rental income to secure their financial future. Facility includes three separate dwellings on 5.68 acres. The 2 story, 1 bed, 1.5 bath owners residence was completely rebuilt including an expansive private deck. The actual hotel consists of 2 structures on the other side of the lot for privacy. A side by side duplex and a 6 plex all with their own private entrances and bathrooms. This property fronts the main road through Kapaau where hundreds of thousands of visitors drive past every year.

*Estimated gross profit potential based on February 2019 market survey:
$90.00 per night
60% occupancy rate
8 rooms(owners residence separate)
$155,520 gross income

Centrally located close to Historic Hawi town where you can find some of the best dining, art galleries, and coffee shops on the island. Continue driving east on Highway 270 and you’ll literally come to the end of the road at the stunning Pololu Valley overlook. Fruit trees include lychee, mango, avocado, lime, macnut, orange, papaya, and tangerine. .

Due to age of buildings(built over 100 years ago)Bed & bath count does not match county records. 2 separate cesspools on site. The property is split into two zoning districts: an estimated 1.26-acres are zoned RS-15 and 4.42-acres are zoned A-20a. Approximately 2.0 acres of 4.42-acre A-20a zoned is usable, the remaining 2.42 acres being part of the Waikaulapala Gulch.

Key details

  • 638357
  • $369
  • 2,574 SF
  • ActiveUnderContract

Amenities

  • Clear
  • Grassy
  • Wooded

Disclaimer

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s), the owner of this website, nor Luxury Presence shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. On this page, not only will you see properties represented by Nicole Vincent, you may also see properties represented by other members of Hawaii Information Service. ©2019 Hawaii Information Service. All rights reserved.
Listing courtesy of Samuel Schaus at Keller Williams Realty Maui

Property Details


9

8

$949,000

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