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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.
1718 Lehua Pl Wailuku 96793 is listed Courtesy of Keller Williams Realty Maui-Ki
This 2 bedroom, 2 bath Single Family Home at 1718 Lehua Pl Wailuku 96793 Located in Wailuku MLS 388384 has been listed on LocationsHawaii.com for 58 days and has been priced at $745,000
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