139 Mehani Pl, Kihei, HI 96753

$1,999,000 Asking Price

3 beds
2 baths
3,981  sqft
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.


Features & Amenities

Interior

General:
Ceiling Fan(s), TV Cable
Appliances:
Dishwasher, Disposal, Dryer, Microwave, Range, Refrigerator, Washer
Flooring:
Vinyl
Heating:
None

Exterior

Parking:
Carport, Parking spaces: 2

Construction

General:
Double Wall, Two

Location

Originating MLS:
Black Knight 1 - Maui

Lot

Zoning:
2390330700000
View:
Mountain/Ocean, View

Utilities

Utilities:
Phone Connected, Cable Connected
Water:
Public
Sewer:
Public Sewer

Financial

Source:
Black Knight 1 - Maui

This listing courtesy of:
Coldwell Banker Island Prop-Ku, Lina Q Duong

About Kihei, HI

Housing

Number of Units
16,997
Median Home Value
$713,963
Median Rent
$1,533

37.51% of housing units are renter occupied.

36.49% are vacant.

Commute

Car
62.95%
Public Transportation
2.05%
Walk to Work
1.16%
Work from Home
32.74%
Other
0.55%

The median travel time to work is 15 minutes.

People

Population
25,363
Median Age
44.80
Median Household Size
2.69

Education

High School
26.43%
Associate’s Degree
9.28%
Bachelor’s Degree
21.28%
Graduate Degree
13.50%

Disclaimer: Community and Demographic information uses data from the U.S. Census Bureau but is not endorsed or certified by the Census Bureau.

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