Diamond in the rough, ruff, Ruff! Investors/contractors dream. Tear down the existing homes and start over or just upgrade existing and even build more units. You can Subdivide or Condominiumize this property fairly easy (No guaranty, please confirm with proper authorities) R-5 zoning & 20,061 sqft of fee-simple land. Walk to beach & bus stop. 1 mile to Longs Drugs/CVS & Tamura’s Market. 2 older houses (originally built 1927 & 1956) moved and upgraded in 2016 from Kaimuki onto the property. New roofs, windows and structurally sound buildings but with bad exteriors that just need paint. Currently have a total of $3700 in monthly rent with cool tenants. Structures may not match the tax records. Title issue that will take 6+ months to quiet and some unclosed permits = CASH BUYERS ONLY! Some wetlands issues on the back of the property. Seller will also consider seller financing with $450,000 down for 3 years at 6% interest only payments. Parking for ten+ cars, room for boat and/or heavy equipment. Do not disturb tenants. Large dogs on property. AS-IS sale. PLEASE REVIEW ALL DOCUMENTS IN THE SUPPLEMENTS SECTION or if you are a non-MLS member, please request them from your agent.
Listing courtesy of Brinkman Properties LLC.
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