461-465 Palani Pl, Wailuku, HI 96793
461-465 Palani Pl, Wailuku, HI 96793
461-465 Palani Pl, Wailuku, HI 96793
461-465 Palani Pl, Wailuku, HI 96793
461-465 Palani Pl, Wailuku, HI 96793
461-465 Palani Pl, Wailuku, HI 96793
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Mark Waite

Mark Waite

+1(808) 214-9475
$ 1,285,000
Est. payment | /mo

2 Beds

2 Baths

1,371 SqFt

Save Virtual Tour
$ 1,285,000
Est. payment | /mo
Save Virtual Tour

2 Beds

2 Baths

1,371 SqFt

Key Details

Property Type Single Family Home

Sub Type SF w/Det Ohana or Cottage

Listing Status Active

Purchase Type For Sale

Square Footage 1,371 sqft

Price per Sqft $937

Subdivision Old Wailuku

MLS Listing ID 410923

Bedrooms 2

HOA Y/N No

Year Built 2022

Annual Tax Amount $9,093

Tax Year 2026

Lot Size 10,484 Sqft

Acres 0.2407

Property Sub-Type SF w/Det Ohana or Cottage

Property Description

HOUSE + OHANA OR THREE UNITS, TWO BUILDINGS, ONE LOT. This unique Old Wailuku Heights property offers exceptional flexibility as a multigenerational family compound, owner occupant opportunity, or income producing property, with three separate living units across two residences and spectacular ocean, Central Maui and Haleakala views. Set on approximately 10,485 SF with R 3 Residential zoning, the property sits on a private flag lot along a quiet cul de sac with mature fruit trees. 461 Palani is a 500 SF 2BR/1BA cottage built in 1982 and extensively remodeled in 2018 with an updated kitchen, granite countertops, stainless appliances, flooring, windows and bath, plus a spacious 256 SF wraparound deck, 12 owned PV panels, storage, yard, separate laundry and tuck under parking. 465 Palani is an 871 SF, 2BR/2BA main home built in 2022 and currently configured as two separate furnished 1BR/1BA units, each with excellent views, solar hot water, privacy and parking. The home was designed with potential for future second story expansion. Buyer to verify feasibility and permitting. See Documents. At full occupancy, the three units produce approximately $7,700 per month or $92,400 per year in gross rental income, with estimated NOI of approximately $60,000 and a projected 4.7% cap rate at $1,285,000. One unit in 465 is currently vacant. Offered turnkey furnished. Income and expense figures are provided by Seller, are not independently verified and are subject to change. Conveniently located near UH Maui College, MACC, Maui Memorial Medical Center, downtown Wailuku, shopping, parks and other Central Maui amenities. Property is tenant occupied. Do not disturb tenants. Please allow adequate notice for showings. Some County Records and property details are inconsistent. Buyer to conduct independent due diligence. Contact your preferred agent.

Location

State HI

County Us

Area Wailuku

Interior

Interior Features Ceiling Fan(s), Storage, Ceiling Fan, TV Cable, Eat-in Kitchen, Loft

Fireplace No

Appliance Dryer, Microwave, Range, Refrigerator, Solar Hot Water, Washer, Solar Water Heating, Washing Machine

Exterior

Parking Features Carport, No Garage

Waterfront Description None

View Y/N Yes

View Mountain/Ocean

Garage No

Others

Virtual Tour https://youtu.be/e6w1jTmqkCM

Listed by Compass-W

Nearby Locations

Mark Waite

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(808) 214-9475

mark@beachologyinc.com

116 Wailea Ike Dr. #2108, Kihei, Hawaii 96753, USA

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461-465 Palani Pl