• HOA Fees $0
• Overview 6 Beds, 4 Bath, 3640 SQ. Feet, 2.61 Acres
• Listing Type Residential, Multi-Family
• Office: Elite Pacific Properties LLC - Waikoloa

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.