89 Miner

Makawao, HI 96768

List Price

$527,000

Price Change

▼ $10,000 1505660543

Days on Market

126

MLS#

374529

Status

PENDING

Type

Single Family Residential

Bedrooms

4

Bathrooms

2.0

Living Area

1,463

Land Area

7,549

Land Tenure

Fee Simple

Neighborhood

Makawao/Olinda/Haliimaile

Property Description

This property is zoned R3, a rare find. If the owner chooses to build, Chapter 17.20 shows uses permitted outright: A. Multiple-family dwellings, B. Townhomes, C. Neighborhood commercial uses, D. Duplex, E. Accessory structures, F. Residential care homes & residential care facilities, G. Uses similar to those listed above. The lot is appx. 60x130, 7548 sq. ft. and height shall not exceed 35’, or structures not to exceed 4528 sq. ft., if you choose to rebuild on this lot. Currently, this is a great rental Investment with rental income of over $4K/mo. with a 9 cap rate. You can choose to live in one unit and rent the others, or rent them all. This is multi-unit living with separate entrances that make this home ideal for rental income. Boasting an ocean view from all units, with a total of appx. 1,563 sq. ft. of living area, in upcountry Makawao town. Cozy and quaint, simple living at a slower pace, yet within walking distance, 0.4 miles to the center of town, to enjoy 3rd Friday neighborhood block parties, post office, public library, restaurants, pizza shops, beauty shops, massage parlors, parks, and shopping. It’s your own personal very private paradise with shaded lush tropical landscaping, beautiful blooming flowers, walking paths throughout, surrounded by banana, avocado, breadfruit, grapefruit, lemon, lilikoi, orange, papaya, coconut trees, elephant ears & bird of paradise. This is a great place to live off the land and get healthy, too. #1: The Main Home w/ 943 sq. ft., rents for appx. $2,500+/mo., featuring hardwood and tile floors, open kitchen with propane gas stove, a large island and a window over the range with a nice ocean view, 3 BR, 1 large BA, two lanais with ocean views, 3 sliding doors, lots of windows and jalousies in the LR and entry, and 5 ceiling fans (1 in each room). #2: Attached Ohana with a private front entrance appx. 520 sq. ft. w/ 1 BR, window A/C, 2 ceiling fans and ocean view, ¾ BA with ocean view, full kitchen and a covered lanai, which rents for $1,000/mo. #3: Detached 1 room cottage is appx. 100 sq. ft. with ¾ bath, and a lanai with an ocean view and a large storage area, which rents for appx $700+/mo. There is also a storage with a community laundry room accessible to all from the outside. A great investment property! Square footage may not match county records. Agents & Buyers must independently verify any information they deem material or important to their purchase.

Additional Information

Tmk

22403007030950000

View

Mountain/Ocean

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808.250.9264

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Listing courtesy of KW Island Living (Ka).

This information is believed to be accurate. It has been provided by sources other than the Realtors Assoc. of Maui and should not be relied upon without independent verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Featured properties may or may not be listed by the office/agent presenting this brochure. Copyright, 1995-2015, REALTORS® Association of Maui, Inc. All Rights Reserved.