$745,000

1718 Lehua Pl

Wailuku HI, 96793

Description

Here is great investment property opportunity in Wailuku. This property features a main house in the back and a detached Ohana/cottage in the front down a nice quiet no outlet street. The property is currently split into 4 separate units with 4 tenants. The main house is 1400 SF split into 2 units with a 700 SF one bedroom one bath downstairs and a 700 SF one bedroom one bathroom upstairs. The upstairs has a nice lanai deck area off the back and solar water heating. The main house also has a carport for 2 cars and a fully fenced yard with a huge Papaya tree. There are 2 apartment units in the front Ohana/cottage. One is a 3 bedroom, one bath and the other is a 1 bedroom, one bath. The front building is a little over 1400 SF and currently has a leased solar system that expires next year. All units are sub metered power. The county shows this as valid multi buildings however 2 of the units non conforming. Buyer and/or their agent should conduct their own due diligence in regards. Great rental income is being generated at almost a 8% cap rate. All units are currently occupied and all tenants have signed for another year or plan to. No lapses of rent during pandemic. Pictures taken before tenants occupied.

Details

MLS#388384
Listing TypeFor Sale
StyleHouse
Sub-TypeFee Simple
StatusActive
Year1986
Days On Site52

Features

Bed(s)2
Bath(s)2 Full
SQ Feet1,400
Car PortYes
Acreage0.14
Property ViewYes

Market Activity 96793

Loading Form
Loading Form
Area Information
StateHI
CityWailuku
Zip Code96793
AreaMaui
Listing VS Median (in 96793)
Price:
$745,000
low | high
Med:
$625,000
66.107382550336% of Average
SqFt:
1,400
low | high
Med:
1,159
67.214285714286% of Average
$ / SqFt:
$532
low | high
Med:
$539
48.662929741562% of Average
On Site:
52
low | high
Med:
29
100% of Average
Listing Updated: 10/18/2020
David Zitiello LogoMLS Number: 388384
Listing Provided By:
David Zitiello  of  Keller Williams Realty Maui-Ki

MLS Internet Data Exchange (IDX) information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing, and that the data is deemed reliable but is not guaranteed accurate by the Realtors Association of Maui MLS.