139 Mehani Pl, Kihei, 96753

Residential - Single Family Residence For Sale in Waimahaihai

$1,999,000

3Beds
2Baths
3,981Sqft
.17Acres
1978Built
128DOM
MLS® #: 403228
Active, 128 Days on Market

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.

Essential Information

MLS® #: 403228
Price: $1,999,000
Bedrooms: 3
Bathrooms: 2.00
Square Footage: 3,981
Acres: 0.17
Year Built: 1978
Type: Residential
Sub-Type: Single Family Residence
Land Tenure: Fee Simple
Status: Active

Community Information

Address: 139 Mehani Pl
Area: Kihei
Subdivision: Waimahaihai
City: Kihei
State: HI
Zip Code: 96753

Amenities

Utilities: Phone Connected, Cable Connected
Parking: Carport
View: Mountain/Ocean
Waterfront: None

Interior

Interior Features: Ceiling Fan(s), TV Cable
Appliances: Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Stories: Two

Additional Information

Listed By: Coldwell Banker Island Prop-Ku
Date Listed: August 20th, 2024
Days on Market: 128
Monthly Maintenance Fees: $0.00
Division: 2
Zone: 3
Section: 9
Plat: 033

Listing Details

Office Contact: Cell: 808-463-7877

Financials

$/SqFt: $502

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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.


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