1031 Opportunity

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Originally posted in 2007

Back on the market! Our listing at 749 Hana Highway in the Kuau area of Paia is back on the market. This multi-unit property includes four Condominium Homes on roughly a 1/2 acre of land. There are three 3 bedroom/1 bath units and one 2 bedroom/ 1 bath units. All four units are currently used as long term rentals. Rental rates available by inquiry. A future owner would be a le to sell each of the individual condominium homes separately if they choose.

Exterior and part of the yard area or “area of exclusive use” for one of the 3 bedroom condos.

This property may provides an interesting opportunity for redevelopment. With four water meters and what appears to be R-1 zoning, a creative buyer or builder could take advantage of the possibilities provided by the lot’s size, available water and prime location close to beaches, Paia Town and the world famous Mama’s fish house. This property is listed for $1,750,000. Contact the Jalbert brothers today for more information or to set up a showing.

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