332 Front St 1-a, Lahaina, Hawaii

$750,000

3

Beds

Baths

1,296

Square feet

0.18

Acres

$ 0.00

HOA Fee

About 332 Front St 1-a

This property is located on the preferred South end of Front Street, and is ideally suited for an investor seeking a property with strong rental income, or an owner/occupant buyer looking for a home that allows them to generate income to help with the expenses. This property is currently being rented to five separate tenants, with a Main house, Ohana and three Studios. The square footage does not match the Maui County records. Under the main photo you will find a green button marked "D" for documents. There you will find a sketch showing a rough layout of the dwelling(s), a Preliminary Title Report, 2020 rental history and expenses. Based on the income figures and expenses provided by the seller's property manager, the property yielded an 8.2% return in 2020. This rate of return is based on a cash sale at the listing price of $750,000. The home is on leasehold land. The asking price would be much higher if the property was offered in Fee Simple. Based on research completed by the title department of Fidelity National Title Co., there are approximately 9 years remaining on the lease, and the lessee has the first right of refusal on the purchase of the Fee Interest, in the event the Lessor decides to sell. A fully copy of the Lease, as well as a Leasehold Disclosure Summary will be delivered to buyer in escrow, and the purchase is subject to the buyer's review and approval of these documents, as provided for under Hawaii State Law. DO NOT DISTURB THE TENANTS! Seller does not want tenants disturbed. Buyer and/or their agent may not view the property prior to buyer and seller executing a Purchase Contract at a price and terms acceptable to both parties. Whereupon, buyer may make any and all inspections they may deem necessary, as provided for under Standard Terms Section J-1 of the Hawaii Realtors Association approved Purchase Contract. Purchase would be subject to buyer's review and approval of all inspections, to include a physical inspection. Information was gathered with care, but is not guaranteed by agents or seller. Buyer to perform their own due diligence/verification.

Facts & Features

MLS® # 391757
Price $750,000
Bedrooms 3
Bathrooms 1.50
Square Footage 1,296
Land Tenure Leasehold
Acres 0.18
Year Built 1975
Type Residential
Sub-Type Single Family
Status Active

Community Information

Address 332 Front St 1-a
Area Lahaina
Subdivision Aholo
City Lahaina
State Hawaii
Zip Code 96761

Amenities

Utilities Overhead Electricity, TV Cable, County Water, Telephone
Features Remodeled
View Other
Is Waterfront No
Waterfront None
Has Pool No

Interior

Fireplace No
Has Basement No

Exterior

Lot Description Level

Additional Information

Date Listed June 4th, 2021
Days on Market 11
Zoning Urban, R-2 Residential
Short Sale No
RE / Bank Owned No
Monthly Maintenance Fees 0.00

Listing Details

OfficeKeller Williams Realty Maui-L

Listing Map

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