Fannie Mae Property in Holualoa at approximate 2, 000 ft. elevation. 13.59 Acre, abandoned coffee farm on Bishop Estate leasehold land. Winding private road extends from Mamalahoa Hwy approximately 1.5 miles up to the parcel. There is a steel building with concrete floor on-site measuring approximately 30x40x16. The downstairs area consists of a kitchen, bath, two livingroom areas, and a large open warehouse space with roll-up door. Upstairs there are three bedrooms, each with a sink, and one full bathroom. Each room has large picture windows, currently boarded with plywood, which overlook the forest. There is no working electricity or water to the building. Cash offers only. * This is a Fannie Mae Home Path property. REO ID#: L150051. * See addenda to this listing (link at upper left) and HomePath.com for details. * Bishop Estate Lease 24, 887 is also attached as an addendum to this listing. * Annual leasehold rent prior to non-compliance was $4, 673.38 + GET + percentage rent. Lease is clearly out of compliance. New owners will have to file a farm plan, plant and bring the farm into compliance, and then may possibly obtain a new 35-year lease at Bishop Estate's option. Buyers are urged to thoroughly explore the terms and conditions of the lease transfer and assignment process with the lessors. Permitting and approval of the existing structures are also unknown. South of Puuloa subdivision, just before Higashira Park, off Kuakini Hwy (11), take Kalelei St east to Mamalahoa Hwy. Turn right and head south to Old Poi Factory Road. Go left heading up the private road approximately 1.5 miles. Follow the photos in the MLS listing turning right at the Buddah sign, going past Mana Opelu Lane, turning right at the Buddah's Cup banner. At the green Tokie Farms sign, turn right on Laulea Pl. Go to end of the road. Before the residence, there will be a gated entrance to the left with a real estate sign and flyer box
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KONA RESORT PROPERTIES
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for sale in Holualoa, HI
is currently listed for $99,900.
Featuring a lot size of 13.6 Acres,
78-7047-g Mamalahoa Hwy
has been on BHGREhomes.com for 190 days.
This listing is provided courtesy of KONA RESORT PROPERTIES.
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Data last updated: Sunday, December 4, 2016 at 9:05 AM. Properties in listings may have been sold or may no longer be available.