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$1,995,000
3 Beds ⋅ 3 Baths ⋅ 728017 MLS ⋅ ['Leasehold'] Tenure
This is a leasehold property. Ideal property for 1031 Exchange. Reliable rental income property. This is a unique property with panoramic ocean views, three vertical units, each rental unit comprises four floors. Each Unit has: The Ground floor is a 2-car enclosed garage. The 2nd Floor is the Kitchen/dining room, full bath, and lanai/bedroom or officeThe 3rd Floor is a large living room, bedroom, and loft, with a lanai that leads to the 4th floor deck The 4th Floor is a rooftop deck with 360 degree panoramic ocean and mountain views. There is virtually nothing that compares with the experience of seeing Kapaa in a way that very few will ever have. The covered lanai decking is sealed with Elastomeric Roof Coating. Total sq footage for all 3 units is 4,536.and is designated "live/work by the County of Kauai. The building is located in downtown Kapaa, two blocks from the ocean/beach park and the oceanfront bike/walking path. Restaurants, coffee shops, grocery stores, banks, and public transportation are within walking distance. Architectural drawings, for 6 additional rental units, will be prepared next month and submitted for permit approval in Dec. I would estimate the income to be $3,500. per unit x 6 = $21k a mo- Insurance, P Taxes thus the net, assuming no debt would be approx $18,500 mo + the existing building's Gross of $11,100 Mo, paying the approx $2,300 mo ground lease, P Taxes and Insurance, Existing Netting $8,500 Mo. + Estimated Total ,would be $27,000. Mo . See the attached rendering of the proposed 6 units. The ground lease extends to 2083 and is extendable.Existing Tri- Plex ( with 3 -2 car garages ) June 1, 26 will be ,per leases $12,550. mo Gross Proposed 2 -3 unit buildings over existing parking. 1 June, 27 Projection $24,000. Mo Gross.Proposed 9 unit gross rent is projected to be $36,550. MoThe property is lease Hold with known ground rent rates through 2084 ,lease is extendable then.The current monthly

4597 Lehua St Unit 3, KAPAA

Listing courtesy of eXp Realty.

$1,159,000
3 Beds ⋅ 2 Baths ⋅ 716636 MLS ⋅ ['Fee Simple'] Tenure ⋅ Kamakani Kai BLDG.
*Ocean and Stream views from the home!! OPPORTUNITY to own a 3 Bedroom, 2 Bath Home & Potential Commercial Building/Home in Old Kapa'a Town. 
Spacious 3 Bedroom 2 Bath home (unit 1) that has room for you & guests with privacy to spare. Views of the ocean & stream right from the lanai, make this a relaxing home for everyone. Its split-level design includes a vaulted ceiling upstairs and many windows on the lower level. The upstairs, is where you will find the kitchen, living area, master bedroom (king size bed), lanai with hot tub. The living area is upgraded with ceramic tile, large widows & sliding glass doors that lead to the large lanai. The large master suite is private, has a king size bed, & is tastefully decorated. The downstairs has two bedrooms, bathroom and laundry room. Both bedrooms are tastefully furnished and have sliding glass doors that lead out to the yard and beach which is just steps away. One bedroom has a king size bed, the other has two double beds.

 Property has easy access. This property being sold is a 2 unit CPR & this Sale includes CPR unit 1.
 
- Back CPR unit 1 as the Main 3bdrm/2ba residential home. MLS# 716636.This subject property for sale is for unit # 1 CPR. Also for sale - 
 Front CPR (unit 2) as a 2 bedroom 1 bath RESIDENTIAL & COMMERCIAL PROPERTY use location. MLS- 709740 
Unit 2, The front building is a classic and quaint plantation style, 2 bedroom 1 bath home with a prime location In Kapaa's Commercial area with highway frontage and paved off street parking. Owner can apply for a commercial use permit to allow the existing single family residence to be converted into commercial use for various businesses.

04-1176-B Kuhio Hwy Unit 1, KAPAA

Listing courtesy of eXp Realty.

$1,589,000
2 Beds ⋅ 1 Baths ⋅ 709740 MLS ⋅ ['Fee Simple'] Tenure ⋅ Kamakani Kai BLDG.
RESIDENTIAL & COMMERCIAL PROPERTY!!! This building is a classic and quaint plantation style, 2 bedroom 1 bath home with a prime location In Kapaa's Commercial area with highway frontage and paved off street parking. Owner can apply for a commercial use permit to allow the existing single family residence to be converted into commercial use for various businesses. This subject property for sale is for unit # 2 CPR. 
- Front CPR (unit 2) as a 2 bedroom 1 bath Potential Business Commercial use location. MLS # 709740. 
- Back CPR unit 1 is Main 3bdrm/2ba residential home. Unit #1 is also for sale, MLS # 716636. 
Information about unit 1: 3 Bedroom 2 Bath home (unit 1) that has room for you & guests with privacy to spare. Views of the ocean & stream right from the lanai, make this a relaxing home for everyone. Its split-level design includes a vaulted ceiling upstairs and many windows on the lower level. The upstairs, is where you will find the kitchen, living area, master bedroom (king size bed), lanai with hot tub. The living area is upgraded with ceramic tile, large widows & sliding glass doors that lead to the large lanai. The large master suite is private, has a king size bed, & is tastefully decorated. The downstairs has two bedrooms, bathroom and laundry room. Both bedrooms are tastefully furnished and have sliding glass doors that lead out to the yard and beach which is just steps away. One bedroom has a king size bed, the other has two double beds.

 MLS #716636 
Property has easy access.

04-1176-A Kuhio Hwy Unit 2, KAPAA

Listing courtesy of eXp Realty.

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