Views
Address
15-1419 RAILROAD AVE Keaau, HI
Price
$ 1,100,000
Property Attributes
  • MLS#654639
  • TypeMulti-Family
  • CountyHAWAII
  • CityKeaau
  • AreaPuna
  • NeighborhoodHAWAIIAN PARADISE PARK
  • Zip96749
  • Style
  • Year Built1990
  • Taxes$ 2259
  • Price$ 1,100,000
  • Bedrooms4
  • Full Bathrooms4
  • Half Bathrooms1
  • Sqr Footage2472
  • Lot Size2.32 Acres
Listing Provided Courtesy Of:
Big Island Brokers
Data Source:
Hawaii Info Service (HISMLS) - 169 - HI
Property Description

Been wanting to have an INSTANT INCOME and live a tropical lifestyle? This amazing property could be perfect! Situated on TWO oversize lots that total 2.32 LUSHLY LANDSCAPED Acres; with Three dwellings! Live in the main home; continue to rent out the other three legal units in the short term vacation rental market. The law changed a few years ago making 80% of the vacation rental units illegal, this property with a transferrable STVR License is very valuable & rare. Main home has one bedroom, 1.5 bathrooms; a covered entrance lanai and a large 10' by 24' covered back lanai overlooking the lush gardens and the pool plus an attached 480 SF enclosed garage/workshop and golf cart. The in-ground pool is 15' by 40'Behind the main home is a legal 1 bed/1 bath home with a full kitchen. This is being used as a legal hosted vacation rental unit. It has it's own septic system and water tank. This has been well designed with plenty of lush landscaping between the two units for privacy.Then on the adjacent parcel, that is included in the sale, tmk 3-1-5-42-253 there are two separate LICENSED STVR Units. Larger unit has full kitchen and one bedroom with full bathroom. The third unit is 1 bedroom 1 bath. Both of these have privacy plantings.Ideal location approx 15 min from City of Hilo and an 8 min drive to quaint Pahoa Town for the new multi-million shopping center with gym, shopping, art boutiques, restaurants, banks, churches and grocery store. Pahoa also has an Olympic size pool and skatepark. Also just a few minutes to the ocean cliffs to watch whales frolic during whale season.Sold TURN-KEY with everything you need to immediately take over the rentals that are in place for many months. The sellers will help the new buyers set up their own VRBO and Airbnb listings and will help facilitate the transfer of the rental reservations. 81% Occupancy! Amazing opportunity.Prefer Deitra Lopez & Team A at First American Title, Hilo

Price History
9/28/2021 Listed $1,100,000

General Features

Appliances Refrigerator, Range/Oven
District Puna
Exterior Area (total) 640
Features Landscaped, Recreation Area, Storage Area
Flood Zone X
Internet Availability Cable
Land Tenure Fee Simple
Location 15-1419 RAILROAD AVE
Lot Number 113
Pool Y/N No
Power Overhead
Property Type Multi-Family, Residential
Subdivision HAWAIIAN PARADISE PARK
Subdivision Abbreviated Name HPP
Telephone Availability Cable, Land Line
Topography Fairly Level
Tv Availability Cable
View Forest, Garden
Wastewater Cesspool, Septic, Other (remarks)
Water Catchment
Zoning A-1A

Interior Features

Floor Covering Hardwood
Other Square Footage (total) 696
Washer/dryer Dryer, Other (remarks), Washer

Exterior Features

Carport Area (total) 320
Design Double Wall, Wood Frame
Fence/wall Rock/Stone, Other (remarks), Vinyl
Frontage Road/Street, Other (remarks)
Garage Area (total) 460
Land Area 101059
Lot Description - Land Grassy, Other (remarks), Wooded
Lot Dimensions-length 367
Lot Dimensions-width 264
Roads Private, Unpaved
Structures Yes
Vehicle Storage/parking Covered, Attached, Other (remarks)

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Multi-Family Average in 96749

Price
AVG $1.1M
$1.1M
Taxes
AVG $2,259
$2,259
Visits
AVG 38
37
Year Built
AVG 1990
1990

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