About This Home
This 27-bedroom, 13-bathroom residential multi family at 2521 TEXEIRA LP in Kalaheo, HI is listed for $4,750,000 ($502 per sqft). Built in 1952, the home offers 9,462 sqft of living space on a 1.61 acres lot.
Key Features
- Built in 1952
- 1.61 acre lot
Property Details
This multi-unit property, located off Papalina Road in a desirable Kalaheo neighborhood on the southwest side of Kauai, presents a unique opportunity to acquire an R4/Form-Based Code-zoned 1.61-acre parcel. The property consists of 10 free-standing dwellings of varying ages, conditions, and sizes.
It offers strong potential for ongoing income generation, redevelopment, renovation, CPR (Condominium Property Regime) conversion, and the possible addition of more dwellings. The parcel consists of approximately 70,303 square feet, with moderate sloped topography and approximately 467 feet of road frontage, providing excellent access and flexibility for site planning and future development.
Important Notes for Prospective Buyers: - If you drive by the property, DRIVE SLOWLY - 5 mph. Do not enter the property or disturb the tenants. - No showings will be allowed until a bona fide offer is conditionally accepted. Additional information is available. - All tenants are in long-term leases. - Commercial lending is available through various resources. Some of the Trust's beneficiaries live on the property and have a right of first refusal to purchase the property.
Monthly Cost Estimate
$25,404/mo
20% down · 6.5% · 30 years
Estimates only. Actual payments may vary.
Location
2521 TEXEIRA LP
Kalaheo, HI 96741
KALAHEO HOMESTEADS 1ST SERIES
Property Details
Flooring
Questions & Answers
This 27-bedroom, 13-bathroom residential multi family at 2521 TEXEIRA LP is listed at $4,750,000 ($502/sqft). The estimated monthly payment is $25,404 based on 20% down, a 30-year loan at 6.5% interest, estimated insurance.
Key features include: Built in 1952, 1.61 acre lot.
This property is listed by Milo Spindt and can be reached at 8086317602.