Investors dream. Three (3) Homes on approx. 16,160 square feet of land. House 1 was built in 1949 and remodeled in 2016. It consists of 3 bedrooms 2 bathrooms and is approx. 1,488 square feet. House 2, was built in 1981 and was remodeled in 2016. It consists of 3 bedrooms 1 bathroom with an axillary room off of the carport that could be considered a 4th bedroom or office and is approx. 1,216 square feet. House 3, was built in 1995 and was remodeled in 2016. It consists of 2 bedrooms 1 bathroom and is approx. 600 square feet with a approx. 276 sf carport. All homes are well maintained. The Property is a block from the ocean in North Kihei. Current rent for all 3 units is $7,000/month which equates to a Net Operating Income for 2019 estimated at $61,000 which equates to a 4.88% CAP rate. Some information in this description may not line up with County Tax records. Buyer to do own Due Diligence.
Listing courtesy of Kean Properties, LLC.
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