Property Detail

MLS#381595 -CANCELED

3248 S akala Dr in Maui Meadows

$1,325,000 FS
3 Bedrooms
3 Bedrooms
3 Bathrooms
3 Bathrooms
2184 sqft Living Area
2184 sqft
1 Garage
1 Cars
0.59 Acres
0.59 Acres

24 hours required to show. I am seeking an investor as all tenants do not want to leave this gorgeous property. The 568 SF 1 bedroom 1 bath cottage rents for $2000 by a young couple. The cottage has granite countertops, elegant dark wood floors, cherry wood cabinets, beautifully remodeled bath with granite counters, large tiled shower. Tile roof and a 13 X 26 foot covered patio with vaulted finished ceilings. Tall pine trees adorn the beautifully manicured lot. Only 4 months in to the one year lease. Tenant pays own electric. The covered roof over the cottage washer and dryer is non conforming. The cottage is on septic system. The main house has 2,184 SF. The tenants of the main house own a successful cleaning company and this house is immaculate. They only pay $2,900 a month but they maintain and manage the property. The main house has been completely remodeled with granite counters, wood floors, vaulted ceilings, 2 bedrooms and 2 baths up and 1 bedroom 1 bath down and family room. Three zone split AC system Custom kitchen with wine cellar. Beautiful wood vaulted beamed ceilings The tenant's refrigerator, three ceiling fans, kitchen faucets and shower heads not included in the sale. The original fixtures will be replaced and there is an extra stainless steel refrigerator that stays. Viking wine cooler, oven and range. Kenmore stainless steel dishwasher.Beautiful covered lanai with ocean views. The house should get $3500 a month. There are 6 months left on their lease. The garage is non conforming. The main house is on cesspool. Coconut palms. There is also an ohana that has been completely remodeled with granite counters, cherry cabinets, custom bath. These tenants are related to the tenants of the main house. They pay $1800 a month and have rented for 2.5 years. The gross rents for the three rentals is $6,700 a month/$80,400 annually but can be higher. Real property taxes are $2246 year. Hurricane insurance is $1024 a year. Fire and liability insurance is $757 a year. The net income is $76,373.00. The "cap rate" at $1,325,000 is 5.76%. The main tenant pays the electric and lawn maintenance. The appraisal indicates the composition LAP exterior has been replaced. New decking with handrails and glass panes. The electrical system has been upgraded and many door replaced. Did I mention TILE ROOFS? Water bill forthcoming. Owner pays for water. The January 2018 appraisal is up at least 7% in value.

The Smith Team may represent you as a Buyer's Agent. Courtesy of  Maui Houses and Condos Realty at via The Maui Multiple Listing Service
Construction
Year Built:1980
Land
Residential Condo (CPR):No
Utilities
Financials
Potential Short Sale:No
Listing Price: $1,325,000
Original Price: $1,325,000
Land Tenure:Fee Simple
Fees
Taxes per month: N/A
Public Records
  • MLS 399803
  • Location South Kihei
  • Single Family w/ Cottage
  • Living 3045 sqft
  • Bedrooms 4
  • Land 0.60 Acres
  • Bathrooms 4
  • CPR No
  • MLS 398349
  • Location Maui Meadows
  • Single Family w/ Cottage
  • Living 3616 sqft
  • Bedrooms 4
  • Land 0.51 Acres
  • Bathrooms 4
  • CPR No
  • MLS 393546
  • Location Maui Meadows
  • Single Family
  • Living 700 sqft
  • Bedrooms 2
  • Land 0.59 Acres
  • Bathrooms 1
  • CPR No
  • MLS 398431
  • Location Maui Meadows
  • Single Family w/ Cottage
  • Living 1793 sqft
  • Bedrooms 3
  • Land 0.61 Acres
  • Bathrooms 2
  • CPR No
  • MLS 399077
  • Location Maui Meadows
  • Single Family w/ Cottage
  • Living 3135 sqft
  • Bedrooms 3
  • Land 0.82 Acres
  • Bathrooms 3
  • CPR No
  • MLS 397875
  • Location Maui Meadows
  • Single Family w/ Cottage
  • Living 2208 sqft
  • Bedrooms 4
  • Land 0.51 Acres
  • Bathrooms 3
  • CPR No
  • MLS 397676
  • Location Maui Meadows
  • Single Family
  • Living 2277 sqft
  • Bedrooms 3
  • Land 0.61 Acres
  • Bathrooms 3
  • CPR No
  • MLS 396832
  • Location Maui Meadows
  • Single Family
  • Living 5877 sqft
  • Bedrooms 7
  • Land 0.67 Acres
  • Bathrooms 8
  • CPR No
  • MLS 398909
  • Location Maui Meadows
  • Single Family w/ Cottage
  • Living 2848 sqft
  • Bedrooms 4
  • Land 0.55 Acres
  • Bathrooms 3
  • CPR No
$3,000,000 FS

563 MIKIOI Pl in Kihei

  • MLS 397912
  • Location Kihei
  • Single Family
  • Living 3310 sqft
  • Bedrooms 4
  • Land 0.51 Acres
  • Bathrooms 4.5
  • CPR No
$3,000,000 FS

827 Kupulau Dr in Kihei

  • MLS 398653
  • Location Maui Meadows
  • Single Family w/ Cottage
  • Living 1670 sqft
  • Bedrooms 3
  • Land 0.50 Acres
  • Bathrooms 2
  • CPR No
  • MLS 398191
  • Location Maui Meadows
  • Single Family
  • Living 690 sqft
  • Bedrooms 2
  • Land 0.10 (CPR) Acres
  • Bathrooms 1
  • CPR Yes
  • MLS 396602
  • Location Maui Meadows
  • Single Family
  • Living 669 sqft
  • Bedrooms 2
  • Land 0.13 (CPR) Acres
  • Bathrooms 1
  • CPR Yes
  • MLS 397082
  • Location Maui Meadows
  • Single Family w/Att Ohana
  • Living 1866 sqft
  • Bedrooms 5
  • Land 0.53 Acres
  • Bathrooms 3
  • CPR No
  • MLS 397541
  • Location Maui Meadows
  • Single Family w/ Cottage
  • Living 2598 sqft
  • Bedrooms 4
  • Land 0.51 Acres
  • Bathrooms 3
  • CPR No
  • MLS 396466
  • Location Maui Meadows
  • Single Family w/ Cottage
  • Living 3843 sqft
  • Bedrooms 3
  • Land 0.53 Acres
  • Bathrooms 3
  • CPR No
  • MLS 397247
  • Location Maui Meadows
  • Single Family
  • Living 684 sqft
  • Bedrooms 2
  • Land 0.13 (CPR) Acres
  • Bathrooms 1
  • CPR Yes
$2,900,000 FS

3328 Keha Dr in Kihei

  • MLS 391774
  • Location Maui Meadows
  • Single Family w/ Cottage
  • Living 2611 sqft
  • Bedrooms 4
  • Land 0.51 Acres
  • Bathrooms 3
  • CPR No
  • MLS 396835
  • Location Maui Meadows
  • Single Family w/ Cottage
  • Living 1184 sqft
  • Bedrooms 2
  • Land 0.51 Acres
  • Bathrooms 1
  • CPR No
  • MLS 396745
  • Location Maui Meadows
  • Single Family w/Att Ohana
  • Living 3160 sqft
  • Bedrooms 4
  • Land 0.57 Acres
  • Bathrooms 4
  • CPR No

SF w/Det Ohana or Cottage

Ocean Views
Main House
Beds:3
Bath:3
Garage:1 Cars
Carport:2 Cars
Living Area:2184 Sqft
Pool:No
Central A/C:Yes
Ohana Guest House
Beds:1
Baths:1
Living Area:560 Sqft
Pool:No
Central A/C:
Stats
Status:CANCELED
Days On Market:1883
List Date:01/31/2019
Last Update:03/26/2019