$2,890,000

4517 Kala Rd

KEKAHA HI, 96752

Description

Irreplaceable Investment Property at the Beach! Located on the west side of The Garden Island, Kauai. The property is adjacent to the ocean and can never be replicated due to todays setbacks and development regulations.

Close access to Waimea Canyon / Kokee Park and the Longest White Sand Beach in Hawaii. Spectacular sunsets year round. Employment centers of Pacific Missile Range Facility, Kauai Veterans Memorial Hospital, and other Kekaha/Waimea businesses are less than three miles away.

All units have been recently upgraded. Exterior was repainted within the last two years. Exact finishes and unit layout differ slightly from unit to unit. The 3 buildings consist of an SFR with office/storage and garages below, a duplex, and a 10-unit (5 up and 5 down). The SFR is closest to the ocean and would be ideal for owner occupancy. Most units have ocean views.

Recent Covid-19 economic factors have created a few vacancies. Otherwise, the property is generally full. New demand for housing on Kauai with growing needs from local employment centers has this property poised for upside.

The propertys sewer system will require immediate upgrading and the price has been adjusted accordingly.

Property is not a licensed or permitted short term rental.

Please do not disturb tenants and all property access to be made by appointment only.

Details

MLS#641485
Listing TypeFor Sale
Sub-TypeResale
StatusActive
Year1976
Days On Site46

Features

SQ Feet6,930
Building(s)1

Market Activity 96752

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Area Information
StateHI
CityKEKAHA
Zip Code96752
AreaWaimea
Listing VS Median (in 96752)
Price:
$2,890,000
low | high
Med:
$544,000
100% of Average
SqFt:
6,930
low | high
Med:
869
100% of Average
$ / SqFt:
$417
low | high
Med:
$627
2% of Average
On Site:
46
low | high
Med:
141
32.624113475177% of Average
Listing Updated: 09/26/2020
Patrick McLean LogoMLS Number: 641485
Listing Provided By:
Patrick McLean  of  Pacific Real Estate Service LLC

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