3198 WAWAE RD, Kalaheo, HI 96741
$2,550,000
7 bedrooms
3 / 2 baths
2400 sq ft
Income-Producing Property in Lawai Valley Estates -- Seller Financing Available
Unique opportunity to own a serene, multi-unit property in Lawai Valley Estates with 4 permitted rental units + office/storage space on one lot. Live in one and rent the rest--or lease all for maximum income. Fully furnished and income ready.
Units & Rents:
* Upstairs Main Home -- 1BD/1BA | $2,850/mo + 30% electric | Private yard, fireplace
* Downstairs Main Home -- 4BD/2BA | $5,700/mo + 40% electric (additional $900/mo if rented to extra person per contract) | Attached garage (half), lofts, lanai, courtyard| Attached garage (half), lofts, lanai, courtyard
* Studio Cottage -- 1BD/¾BA | $2,700/mo + 20% electric | Loft bedroom, outdoor shower, lanai
* Caretaker's Cottage + Half Garage Office/Storage -- 1BD/¾BA + half of garage office/storage space | $2,850/mo + 10% electric | Screened lanai, valley views, private rear entrance to office/storage
Financials:
Total Monthly Income: $14,100--$15,000
Seller Financing Terms:
10% Down ($255,000)
4.75% Interest
Up to 5-Year Term
Approx. P&I Payment: $11,971.81/month
Additional Info:
- Fully furnished
- Private courtyards and lanais
- Chimenea fireplaces in main units
- By appointment only -- do not disturb tenants
- Property does not match county records -- buyer to verify
- Seller requests leaseback of Caretaker's Cottage + garage space for up to 2 years at $2,850/mo + 10% electric; open to assisting with property management for reduced lease rate
Excellent investment opportunity with flexible use and immediate rental income in a lush Kauai valley setting.
All data is deemed reliable but is not guaranteed accurate.