11-3064 11-3064 Lehua St - Multi-Family FOR SALE


Mountain View, HI 96771
$1,490,000 USD
808-936-3297
11-3064 11-3064 Lehua St, Mountain View, HI for Sale
$1,490,000 USD
Multi-Family - FOR SALE
1/73
null | 13% Cap Rate

11-3064 11-3064 Lehua St
Mountain View, HI 96771


HIGHLIGHTS

  • Single Family home with 2 brand new Pickleball courts with large 5 bedroom 3 bath 2 story home.
  • Comes with active and transferable short-term short-term vacation rental permit with the County of Hawaii.
  • Beautiful large two story fully furnished home that comes with 9 beds and can sleep 14.

OVERVIEW

Pickleball Paradise – A Rare Hawaiian Gem with Exceptional Income Potential! Are you dreaming of a private retreat that also doubles as a lucrative investment? Welcome to Pickleball Paradise, a unique property in Hawaii, offering exceptional potential for income generation & unforgettable group gatherings! This stunning & expansive five-bedroom, three-bathroom, two-story home boasts approximately 3,536 sq. ft. of living space, two regulation-size, covered Pickleball courts, & an active and transferrable short-term vacation rental license. Its prime location and thoughtful design make it highly desirable for renters, whether for a relaxing vacation or a sports-themed retreat. The meticulously designed & maintained courts and spacious living areas add to its unmatched appeal. The electricity connection is from pole to gate & underground throughout. Designed for Comfort & Entertainment. Please be sure to watch video https://player.vimeo.com/video/1033971465 5 Bedrooms, 3 Bathrooms across two levels (two dens are also being used as sleeping area) Generous living areas on both floors, ideal for hosting large groups (9 beds sleeps 14) Two regulation-sized, covered pickleball courts with NOVA Surface System & Dominator Heavy Duty Semi Permanent Net Systems. Active & transferrable short-term vacation rental permit Spacious lanais on both levels, ideal for enjoying the refreshing Hawaiian breezes & outdoor living. Open, airy layout that’s perfect for gatherings, relaxation, or simply enjoying the island lifestyle 2 full acres of very fertile land Fully furnished with a few item exceptions The Cap rate is based on a projected rental income: 15 nights x $1,000 per night = $15,000 Adjusted NOI: $180,000 (current NOI) + $15,000 (rental income) = $195,000 Cap Rate: ($195,000 ÷ $1,490,000) x 100 = 13.11% This cap rate is based on the estimated rental income. The buyer and buyer's agent should confirm these figures through due diligence.

FOR SALE DETAILS

PRICE

$1,490,000 USD

PRICE/SF

$321 USD /SF

# OF UNITS

1

PRICE/UNIT

$1,490,000

CAP RATE

13%

% LEASED

-

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Pickleball Paradise

PROPERTY TYPE

Multi-Family

TOTAL BUILDING SIZE

-

STORIES

2

YEAR BUILT

2007

PARKING SPACES

-

LAND DETAILS

LAND ACRES

2 AC

LAND SF

87,120 SF

ZONING

Ag-3A

APN/PARCEL ID

3-1-1-041-231-0000

ASK ABOUT THIS PROPERTY

Gina ChunHara Chun Realty LlcMore Info
808-936-3297

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Gina ChunHara Chun Realty LlcMore Info
808-936-3297

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.