$960,000
$1,000,000
4.0%For more information regarding the value of a property, please contact us for a free consultation.
7 Beds
10 Baths
5,128 SqFt
SOLD DATE : 12/29/2023
Key Details
Sold Price $960,000
Property Type Multi-Family
Sub Type Four Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,128 sqft
Price per Sqft $187
Subdivision Paauilo Village
MLS Listing ID 704429
Sold Date 12/29/23
Bedrooms 7
Full Baths 9
Half Baths 1
HOA Y/N No
Year Built 1993
Annual Tax Amount $9,863
Tax Year 2023
Property Sub-Type Four Or More Units
Source Hawaii Information Service
Property Description
Nestled in a prime location, the 9-Unit Nakahara Apartments stand as a unique and valuable investment opportunity. With no other apartment buildings like it for miles in either direction, this property is a true gem in the real estate market.
Property Highlights:
Prime Condition: This apartment building is well-maintained, with recent repairs and improvements carried out to ensure it's in optimal shape for its new owner.
Unit Variety: The Nakahara Apartments offer a diverse mix of units, including 4 studio apartments, 3 one-bedroom apartments, and 2 two-bedroom apartments, each unit designed with one bathroom.
Convenience: A dedicated laundry room featuring coin-operated machines, along with a half bath and storage rooms, provides added convenience for both residents and management.
Scenic Views: The upper-level units boast ocean views, enhancing the desirability of the property for potential tenants.
Ample Parking: A large parking lot on the premises ensures that residents and guests always have convenient parking options.
Year of Construction: Built in 1993, this property has a solid foundation to meet the demands of today's discerning renters.
Private Porches: Each apartment comes with a charming small porch at the rear, offering residents a cozy outdoor space to relax and unwind.
Investors seeking a reliable income stream and the potential for long-term appreciation should not miss this extraordinary opportunity. The Nakahara Apartments are ready to deliver both immediate and enduring value. Act now to secure your stake in this exceptional investment property.
Do not access the property or disturb any tenants without an appointment. Units are occupied and require 48+ hour notice for showings. The property is being sold as is.
Location
State HI
Community Paauilo Village
Area 20704.0
Zoning RS-10
Region Hamakua
City Region Hamakua
Interior
Hot Water Electric
Exterior
Parking Features Assigned, Detached
Utilities Available Electricity Available
View Y/N Yes
View Ocean, Ocean Horizon
Topography Fairly Level
Garage Yes
Private Pool No
Building
Lot Description Cleared, Grassy
Story 2
Sewer Septic Tank
Others
Ownership CPR
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Fee Simple, Standard
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!

Our team is ready to help you sell your home for the highest possible price ASAP
