76-6188 PAKALANA Rd Kailua Kona, HI 96740

One-of-a-kind opportunity for cash/1031 investor seeking immediate rental income, with excellent potential for future repurposing – to use as an extended family compound, perhaps, or some kind of communal living facility? Conveniently located in an established neighborhood away from traffic, just above Ali’i Drive, between Kailua Village and the Keauhou resort area. Within a few blocks of the ocean and surfing at Banyans, and steps from a wonderful community park and playground.<br><br>The spacious main living area with its own deck includes a full kitchen, study and bathroom with tub shower. There are 4 additional bedroom suites, each with a separate entrance, private deck, loft, bar sink and bathroom with shower stall. All 5 rooms are accessed from a covered walkway with a laundry room, a storage room and stairs at each end. Open parking for several cars - plus 3 garage stalls under the house and extensive covered storage.<br><br>This home (47PA6188Left, $1.16M, MLS 708924) is one of two spacious homes on separate, side-by-side, 14,300+ sq. ft. lots. Adjacent similar home (48PB6184Right, $1.24M, MLS 708941) is slightly larger and has higher ceilings. Until 4/24/24 these homes are offered only to all cash buyers willing to purchase both homes simultaneously, total listed price $2,400,000. NOT YET AVAILABLE SEPARATELY. <br><br>Interior photos are from before tenants moved in, to show the LAYOUT ONLY. The existing tenants would like to stay, and Sellers prefer not to make them vacate prior to closing.<br><br>No trespassing, exterior showings by appointment only.<br><br>This information herein, while deemed reliable, may contain inaccuracies and is provided without warranty or guaranty of any kind. Prospective purchasers are strongly urged to independently verify all information they deem material or important to their decision to purchase or offer price. Areas of improvements described are based on an interpretation of real property tax info.