These two identical homes newly built in 2008 are both legally permitted; a very rare find on a single lot due to the County of Hawaii zoning restrictions. Extremely well maintained the 2.6 acre property comes w/current rental income of approx. $4,500 +/-. The homes are nearly identical except one is Red and the other Yellow fitting perfectly into our plantation era architecture. Think of them as 2 individual homes on 1.3 ac. each and the value is obvious. Perfectly suited for income producing investment considerations or perhaps a multi-generational family when the leases expire. Currently this is an investment/income opportunity only until the leases expire: Red house lease rent is $2,250 and lease ends on March 31, 2020. Yellow house lease is $2,250 and lease ends on February 28, 2020. A buy out of one or both leases may be possible. Tenants pay utilities. Yard service is included. Each home is 1,820 sqft., 3/2 for a combined total of 3,640 sqft. of living, 6/4 bedrooms and baths and storage for 4 cars as each have a generous 2-car garage. All appliances are x 2: refrigerators, stoves, washers, dryers, dishwashers, microwaves, etc. The 2 separate homes are located on 2.6 acres of land on the Big Island and only 10 minutes to historic Honokaa and 20 minutes from Waimea and multiple Farmers' Markets a week, 2 award winning college preparatory schools, Hawaiian Immersion Charter Schools, Kamehameha Pre-School, well-established home school communities and North Hawaii Community Hospital. The master plan and positioning of each home accomplished privacy for both. Newer construction is rare to find Island-wide today and especially in this desirable low-density area of the Hamakua Coast. W/this purchase you get 2 very nice homes w/large lanais, well above average quality construction w/higher end materials and each w/the perfect, understandable floor plan. Wood floors, granite counter tops, 2 sinks in each bathroom and expansion potential.
Based on information from MLS Hawaii, Inc. d/b/a Hawaii Information Service, listings last updated on 9/22/2019 2:49:24 AM. All information is deemed reliable but is not guaranteed and should be independently verified. All properties are subject to prior sale or withdrawal. Data may not be reproduced or redistributed and may not be used for any purpose other than individual consumer's use.