Active
139 Mehani Pl
Kihei HI, 96753
$1,999,000
$502.14 per sqft
Active
3 Beds
2 Baths
3,981 sqft
Residential
Built in 1978
Welcome to one of the best investment property in all of South Maui. This rarely available turnkey presents a unique investment opportunity, featuring multiple rental units including a main house with four bedrooms and two and a half baths, an additional one-bedroom/one-bath unit and two(2) studios. The owner has undertaken comprehensive renovations, having demolished all illegal structures down to the studs, resulting in a truly brand new property. Spanning close to 4000 square feet, this residence boasts significant upgrades: a new roof equipped with a hot solar water heater, modern kitchens and baths with quartz countertops and brand new appliances. Moreover, all plumping and electrical systems are newly permitted and installed. The main house includes a spacious primary en-suite with an expansive lanai, ideal for indoor/outdoor living plus a spacious roof top deck showcase exquisite sunset views. Each of the remaining bedrooms is equipped with new AC units and ample storage. The one-bedroom unit and studios feature modern kitchens, baths, and bright interiors, while separated yard spaces provide privacy. Additionally, the property includes a large laundry room with two sets of coin-operated washers and dryers, along with off-street parking for all units. Pending after-the-fact permits with plans submitted to the county add to the property's value, making this an exceptional investment with promising long term cash flow potential and a high cap rate of return. Buyer and buyer agent are encouraged to conduct due diligence to fully appreciate this remarkable opportunity. Listing agent is seller.
403228
MLSⓇ ID
August 20, 2024
Listed
October 1, 2024
Updated
Map
139 Mehani Pl
Kihei HI, 96753
Interior Features
Total Stories
2
Bedrooms
3
Total Bathrooms
2
Interior Features
Ceiling Fan(s), TV Cable
Appliances
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Fireplace
No
Cooling
No
Heating
No
Exterior/Building Features
Lot Size
0.17 Acres
Sewer
Public Sewer
Other Property Details
Area Name
Kihei
Garage
No
Parking
Carport
View
Yes
View Description
Mountain/Ocean
Water Source
Public
Pool
No
Courtesy of Coldwell Banker Island Prop-Ku
Listing Contact: Cell: 808-463-7877
All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) nor Riette Jenkins shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.
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Data last updated 9:35 PM UTC, 10/1/2024