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Listing Details

Status
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MLS #
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Neighborhood
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Type
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Built
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County
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Area
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School Ratings & Info

Listing courtesy of Keller Williams Realty Maui-L.





Description

This property is located on the preferred South end of Front Street, and is ideally suited for an investor seeking a property with strong rental income, or an owner/occupant buyer looking for a home that allows them to generate income to help with the expenses. This property is currently being rented to five separate tenants, with a Main house, Ohana and three Studios. The dwelling appears to be larger than shown on the TMK records. See "D for additional documents, a sketch showing a rough layout of the dwelling(s), a Preliminary Title Report, 2020 rental history and expenses. Based on the income figures and expenses provided by the sellers property manager, the property yielded an 8.2% return in 2020. This rate of return is based on a cash sale at the listing price of $750,000. The home is on leasehold land. The asking price would be much higher if the property was offered in Fee Simple. Based on research completed by the title department of Fidelity National Title Co. and the lessee has the first right of refusal on the purchase of the Fee Interest, in the event the Lessor decides to sell. A fully copy of the Lease, as well as a Leasehold Disclosure Summary will be delivered to buyer in escrow, and the purchase is subject to the buyers review and approval of these documents, as provided for under Hawaii State Law. DO NOT DISTURB THE TENANTS! Seller does not want tenants disturbed. Buyer and/or their agent may not view the property prior to buyer and seller executing a Purchase Contract at a price and terms acceptable to both parties. Whereupon, buyer may make any and all inspections they may deem necessary, as provided for under Standard Terms Section J-1 of the Hawaii Realtors Association approved Purchase Contract. Purchase would be subject to buyers review and approval of all inspections, to include a physical inspection. Information was gathered with care, but is not guaranteed by agents or seller. Buyer to perform their own due diligence/verification.

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This information is believed to be accurate. It has been provided by sources other than the Realtors Assoc. of Maui and should not be relied upon without independent verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Featured properties may or may not be listed by the office/agent presenting this brochure. Copyright, 1995-2021, REALTORS® Association of Maui, Inc. All Rights Reserved. Data last updated: 2021-09-20T09:06:15.347.
maui.thespeichergroup.com/homes/117929432
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332 Front St , 1-A Lahaina, HI 96761

  • Price: $750,000
  • Status: Active
  • Updated: 88 min ago
  • MLS #: 391757
3
Beds
1
Baths
1
½ Baths
0.18
Acres
1,296
SQFT
$579
$/SQFT
1975
Built
Neighborhood:
Aholo
Area:
Lahaina
Property Description
This property is located on the preferred South end of Front Street, and is ideally suited for an investor seeking a property with strong rental income, or an owner/occupant buyer looking for a home that allows them to generate income to help with the expenses. This property is currently being rented to five separate tenants, with a Main house, Ohana and three Studios. The dwelling appears to be larger than shown on the TMK records. See "D for additional documents, a sketch showing a rough layout of the dwelling(s), a Preliminary Title Report, 2020 rental history and expenses. Based on the income figures and expenses provided by the sellers property manager, the property yielded an 8.2% return in 2020. This rate of return is based on a cash sale at the listing price of $750,000. The home is on leasehold land. The asking price would be much higher if the property was offered in Fee Simple. Based on research completed by the title department of Fidelity National Title Co. and the lessee has the first right of refusal on the purchase of the Fee Interest, in the event the Lessor decides to sell. A fully copy of the Lease, as well as a Leasehold Disclosure Summary will be delivered to buyer in escrow, and the purchase is subject to the buyers review and approval of these documents, as provided for under Hawaii State Law. DO NOT DISTURB THE TENANTS! Seller does not want tenants disturbed. Buyer and/or their agent may not view the property prior to buyer and seller executing a Purchase Contract at a price and terms acceptable to both parties. Whereupon, buyer may make any and all inspections they may deem necessary, as provided for under Standard Terms Section J-1 of the Hawaii Realtors Association approved Purchase Contract. Purchase would be subject to buyers review and approval of all inspections, to include a physical inspection. Information was gathered with care, but is not guaranteed by agents or seller. Buyer to perform their own due diligence/verification.
Exterior Features

Carport No Garage No Ohana Carport No Pool No Roads County View Other Waterfront None

Interior Features

Central AC No

Property Features

County Zoning R-2 Residential Land Tenure Leasehold Neighborhood Lahaina Other Features Remodeled Photo Voltaic Installed NoYes Photo Voltaic Ownership LeasedLeased Potential Short Sale No REO No Residential Condo No Residential Type Single Family Sewer Sewer ConnectedSewer County State Zoning Urban Taxes Monthly 293.21 Taxes Year Ending 2020 Topography Level Utilities To Site County WaterOverhead ElectricityTelephoneTv Cable Year Remodeled House 2018

Listing information © 2021 REALTORS® Association of Maui, Inc.
Listing provided courtesy of Keller Williams Realty Maui-L.

This information is believed to be accurate. It has been provided by sources other than the Realtors Assoc. of Maui and should not be relied upon without independent verification. You should conduct your own investigation and consult with appropriate professionals to determine the accuracy of the information provided and to answer any questions concerning the property and structures located thereon. Featured properties may or may not be listed by the office/agent presenting this brochure. Copyright, 1995-2021, REALTORS® Association of Maui, Inc. All Rights Reserved. Data last updated: 2021-09-20T09:06:15.347.
 
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Speicher Group | Coldwell Banker Island Properties
700 Office Road
Lahaina HI, 96761
Listing courtesy of Keller Williams Realty Maui-L.