Welcome to one of the best investment property in all of South Maui. This rarely available turnkey presents a unique investment opportunity, featuring multiple rental units including a main house with four bedrooms and two and a half baths, an additional one-bedroom/one-bath unit and two(2) studios. The owner has undertaken comprehensive renovations, having demolished all illegal structures down to the studs, resulting in a truly brand new property. Spanning close to 4000 square feet, this residence boasts significant upgrades: a new roof equipped with a hot solar water heater, modern kitchens and baths with quartz countertops and brand new appliances. Moreover, all plumping and electrical systems are newly permitted and installed. The main house includes a spacious primary en-suite with an expansive lanai, ideal for indoor/outdoor living plus a spacious roof top deck showcase exquisite sunset views. Each of the remaining bedrooms is equipped with new AC units and ample storage. The one-bedroom unit and studios feature modern kitchens, baths, and bright interiors, while separated yard spaces provide privacy. Additionally, the property includes a large laundry room with two sets of coin-operated washers and dryers, along with off-street parking for all units. Pending after-the-fact permits with plans submitted to the county add to the property's value, making this an exceptional investment with promising long term cash flow potential and a high cap rate of return. Buyer and buyer agent are encouraged to conduct due diligence to fully appreciate this remarkable opportunity. Listing agent is seller.
Mls | 403228 |
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Listing Type | For Sale |
Style | Detachd |
Subtype | Fee Simple |
Status | ACTIVE |
Year | 1978 |
Days On Site | 105 |
Listing Provided By | Coldwell Banker Island Prop-Ku | Lina Q Duong |
Buying Commission | 2.500 |
Beds | 3 |
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Baths | 2 |
Sq Feet | 3,981 |
Car Port | Yes |
Storys | 2 |
Acreage | 0.17 |
Property View | Yes |
State | HI |
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City | Kihei |
Zip Code | 96753 |
Area | Maui |
Subarea | Kihei |
Community Name | Waimahaihai |
Listing VS Median (in Waimahaihai) | |
Price: $1,999,000 low | high Med: $1,462,000 SqFt: 3,981 low | high Med: 1,771 $ / SqFt: $502 low | high Med: $825 On Site: 105 low | high Med: 178.500000 |