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.

©2024 REALTORS Association of Maui, Inc. All rights reserved.

Data last updated 9:35 PM UTC, 10/1/2024

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