2040 Kauhikoa Road
Property Description
For additional info see Duplicate listing: Residential MLS #411312. This is an excellent income opportunity, with flexibility for a family compound or multigenerational living. 2 acres in Upcountry Maui, with sweeping views across green pastures and Giggle Hill to the ocean and Kahului Bay. The main home features high ceilings, wraparound windows, skylights, and a lovely deck where you can take in the tranquil views. It's currently configured as separate upstairs and downstairs units, but it easily converts back to a single residence with a spacious primary suite and a second bedroom upstairs. The downstairs has a brand-new kitchen, and there's even an elevator to the deck.Two additional homes, each with its own character and charm, have new roofs and new septic systems. Most of the kitchens on the property have been renovated. The houses and garage are currently split into 8 units of which 7 bring in $12,500 a month in rental income. The grounds are a gardener's delight: about 10 avocado trees, several banana patches, lemon and lime trees, and abundant hibiscus and boganvilla, with tenants currently growing vegetables and herbs. Cooling trade winds in summer and plentiful rainfall keep the land lush. There's no irrigation system, and the water bill runs about $160 a month. An easy 6 minutes to Makawao or Haiku and just 10 minutes to Hookipa. Showings: Two units are shown at the first showing; all units at a second showing with 48 hours' notice. Buyers to do their due diligence as regards property, permits and use. Contact your favorite REALTOR(R).
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $2,500,000 |
| Opportunity Zone: | No |
| Property Website | Click Here |
| Number of Bedrooms: | 16 |
| Number of Bathrooms: | 10 |
ID: 3yd-RAMHI-411313
Investment Analyzer
Sponsored by:
Step 1Financing Calculation
Step 2Gross Rent Analysis
Please enter annual amounts.
Step 3Cap Rate Calculation
Step 4Final Deal Analysis
Similar Properties in the Area
65-, 67, 71 ,73 College Drive
Ventura, CaliforniaBrokers
View All-
Remax Real Estate Professionals
Re/Max Real Estate Professionals
-
Jared Ennis
Central CA Commercial | California
-
Rick Recckio
Recckio Real Estate & Development
-
Greg Corbin
Northgate Real Estate Group
Lenders
View AllManagement
View All-
Essex Property Trust, Inc.
California
-
Josh A
California
-
Bob Tuteur
-
Andrew Schildcrout