289 Wainaku St

Description

All offers considered! (Owner states: Sale with many great options. Benefits and savings to buyer $300,000 down payment in order for owner to pay off debts and because of the non profits relationship with the property will receive a possible $50,000 to $70,000 plus tax write off to pay attorney fees owed on property. The balance is to be paid in cash to purchase a life estate for owner with cancer to buy a condo terms to be discussed upon which condo is purchased. When Owner passes away the buyer will get the condo free and clear to either rent or sell.Buyer can assume owners non profit and take huge advantages. (All stated above subject to change as needed) This is a Magical Waterfront lot you must see to believe! Become a part Hawaii's history. This is Royal Hawaiian land that was originally owned by King Kamehamehas granddaughter and she was on one of the first Hawaiian stamps. You would be the fifth owner of this Royal land. This is the middle lot, the sweet spot with low river bank access you can walk right into the water and float down stream into a beautiful swimming hole. Its currently zoned as RM-10 multi residential which is a rare find and which is valued above residential lots. What are your dreams? Options to build a family compound or design your dream business retreat. This lot is so unique there are no comparables. We are the only land to our knowledge lowbank waterfront where you can easily access the stream. The peaceful sounds of the river flowing birds singing are both relaxing and inspiring. Its landscaped like a botanical garden. Waterfront that is easily accessible for swimming and within walking distance of Old Hilo Town. Seller has improved property by terracing the hillside, rock walls, trellis fencing. landscaping, built a deck along the waterfront, beautiful sitting and eating areas, flowered cover trellis along the river where you can sit and enjoy a bar-b-que or enjoy catching giant natural spring water prawns.