Description
This multifaceted property presents an outstanding opportunity for rental investment and farming. Comprising three separate structures with a total of six units, it is situated on nearly 5 acres in close proximity to Kona Community Hospital.Boasting a rich history of producing roughly 2.5 acres of coffee and a variety of fruits including banana, citrus, rambutan, lychee, avocado, soursop, mountain apple, and starfruit, the Kealaola Farm offers an excellent farming opportunity to reestablish.All units are currently leased and managed successfully by long-term tenants. The property is equipped with a PV system installed in 2013, and the cottages are thoughtfully arranged as follows: Cottage #1 features 2 bedrooms and 1 bathroom, Cottage #2 offers 2 bedrooms and 1 bathroom, 3 bedrooms and 1.5 bathrooms, and 1 bedroom and 1 bathroom, while Cottage #3 includes 2 bedrooms and 1 bathroom, and 1 bedroom and 1 bathroom.The land is zoned Agriculture and presents a promising prospect for future investment opportunities.
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11BEDS
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4.87ACRES
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6BATHS
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21/2 BATHS
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3,401SQFT
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$629$/SQFT
School Ratings & Info
Description
This multifaceted property presents an outstanding opportunity for rental investment and farming. Comprising three separate structures with a total of six units, it is situated on nearly 5 acres in close proximity to Kona Community Hospital.Boasting a rich history of producing roughly 2.5 acres of coffee and a variety of fruits including banana, citrus, rambutan, lychee, avocado, soursop, mountain apple, and starfruit, the Kealaola Farm offers an excellent farming opportunity to reestablish.All units are currently leased and managed successfully by long-term tenants. The property is equipped with a PV system installed in 2013, and the cottages are thoughtfully arranged as follows: Cottage #1 features 2 bedrooms and 1 bathroom, Cottage #2 offers 2 bedrooms and 1 bathroom, 3 bedrooms and 1.5 bathrooms, and 1 bedroom and 1 bathroom, while Cottage #3 includes 2 bedrooms and 1 bathroom, and 1 bedroom and 1 bathroom.The land is zoned Agriculture and presents a promising prospect for future investment opportunities.
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