Investment Opportunity Closed
This property consists of 2 single family home dwellings in the Kaneohe Town neighborhood. Both homes have 3 bedrooms and 1.5 bathrooms. The two-story home has not been fully permitted so its living square footage does not match the tax records. The entire property sits on 19,254 sqft of land zoned Residential-5 (R-5), which allows us the ability to legally divide (CPR) the property. Our plan is to renovate both of the existing homes on the property and execute a CPR to divide the land and sell each home separately for profit. We will convert the two-story home into a 6 bedroom, 2.5 bath, and we will convert the single-story home into a 3 bedroom, 2 bath to increase the re-sale values of both properties.
- Purchase Price: $820,000
- Acquisition Date: May 2nd, 2017
- Construction Budget: $272,000
- After Repair Value: $1,450,000
- Current Status: In Progress
Please contact us for a full detailed description & summary if you are interested in investing with us on this project or future projects.