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Welcome to 17 Palms Kauai! This two-unit CPR is in the VDA on Kauai’s east side and consists of two top-rated vacation rental cottages (2018 gross income for property (net of GET/TAT) was $143,538 and 2019 YTD (as of 8/31/19) is $101,750) in a private garden oasis, steps from the beach path leading to Wailua Bay. The property is only one block from the Coconut Marketplace, Lava Lava Beach Club, Kinipopo Shopping Village and many nearby shops, grocery stores, restaurants and coffee houses. You can walk, run or ride bikes along the east shore path over eight miles of coast just by going out the back gate.
The Meli Meli cottage, CPR unit 1, is a two-bedroom, one bath home with a fully equipped kitchen and laundry. It is decorated in a whimsical South Seas décor and has vaulted ceilings, polished concrete floors, a spacious living room/dining room, a built-in punee/couch and a glass dining table resting atop the trunk of a coconut tree! The airy master bedroom has a king-sized bed, while the second bedroom has two twin beds - both rooms have sizable closets and vintage bureaus. The bathroom is equipped with a full tub and shower.
The Hale Iki cottage, CPR unit 2, is a one-bedroom, one bath home also with a fully equipped kitchen and laundry. It is decorated with Asian inspired décor. The living room has a large L-shaped couch and an armoire that hides the TV. This connects to the dining area with teak table and chairs. The bedroom has a queen-sized bed, vintage dresser and spacious closet. The bathroom has a full tub and shower.
Property upgrades include: roofs, gutters, windows, septic system (shared), Hale Iki lanai rebuild, BBQ area with outdoor seating (shared), and complete exterior painting.
This successful, licensed, vacation rental property is being sold fully turnkey. Sale includes two-unit CPR TMK’s 4-4-3-1-13-1&2, website, all transferable third-party advertising, the LLC, and a completed fractional ownership plan.
414 Wailua Kai St Kapaa 96746 is listed Courtesy of Oceanfront Sotheby'S International Realty
This 3 bedroom, 2 bath Single Family Home at 414 Wailua Kai St Kapaa 96746 Located in Papaloa Tract MLS 623909 has been listed on LocationsHawaii.com for 286 days and has been priced at $1,529,000
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