Mar 08, 2022
Mar 08, 2022
Listing RemarksRare opportunity in HOVE has just come on the market and it wont last long! This property includes 3 1B/1BA homes on 1.6 Acres with a large workshop/garage and garden space all with ocean views. This means you could rent all 3 homes for a total possible revenue of $3,600 a month or live in 1 of the homes and rent the other 2 for a possible monthly income of $2,400. This is only the beginning of the investment opportunities this property offers. You have the unique chance to buy the property next door that has 200 Moringa trees and sits on an acre of land, at $65,000 (MLS 659499).
The homes on this property include a 600 sq.ft 1B/1BA built in 2018 with a lovely open lanai and beautiful ocean views, as well as, a 850 sq.ft home built in 2018 with a large garden space. There's plenty of room for chickens, a veggie garden or fruit trees, you can really live off the land sustainably here. The property runs off of solar with batteries and both properties have gas stoves and refrigerators included, so their move in ready for you or new tenants. The third home has the potential to be rebuilt and it would be another 1B/1BA with the same amenities and ocean views.
The workshop/garage is the perfect space to use as a drying and processing space for the Moringa next door. Moringa, or "Miracle Tree", is well known in Asia, Africa and Central America in cooking and for its health benefits. Moringa is a drought resistant crop and is the fastest growing plant after Bamboo. The property is situated with quick access to Highway 11 and considering the fact that we get over 2 million tourist a year, the Moringa farm would be the perfect spot for Agri-tourism as it's on the way to the Volcano. The investment opportunities these two properties can give you is rarely found in the area!
Both properties purchased together totals to 2.6 acres of land for a total cost of $440,000 with seller financing available PMM to qualified buyers. DO NOT PASS THIS BY, ACT NOW!
** Cooperating Broker Compensation: The listing broker’s offer of compensation is made only to participants of the MLS where the listing is filed.
|Address:||92-8412 King Kamehameha Blvd , Hove 96737|
|Lat/Long:||19.07935528 | -155.7565277|
|Property Type:||Single Family|
|Living Area:||1,450 sqft|
|Assessed Land Value:||$14,800|
|Assessed Improvements Value:||$58,200|
|Annual Tax (Year):||2015|
|Garage Area:||0 sqft|