USAHIWailukuWailuku Heights465-461-465 Palani Pl

465-461-465 Palani Pl, Wailuku, HI

House

For Sale

Listed price in listed location currency (USD).

$1,285,000

210

MLS® 410923

Overview

Key Facts

Type Single Family Residence

Levels Residential

Size 500 sqft

Garage No

Taxes $9,094

Days Active 0

Lot Size 0.24070000648498535 Acres

Approx. Age 1982

Avg. Price Per Sqft $2,570

MLS® Number 410923

Property Address: 465-461-465 Palani Pl, Wailuku, HI, 96793-1505

Average square foot calculated using Size range provided by listing agent.

Description

Spectacular ocean, Central Maui and Haleakala views from this unique income-producing property on a private flag lot along a quiet cul-de-sac in desirable Old Wailuku Heights. Set on approximately 10, 485 SF with R-3 Residential zoning, the property features two separate homes and a private setting 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. Features include a spacious 256 SF wraparound deck, 12 owned PV panels, storage, yard, separate laundry and tuck-under parking. 465 Palani is an 871 SF main home built in 2022 and currently configured as two furnished 1BR/1BA rental units, each with excellent views, solar hot water panels, privacy and parking. The home was designed with potential for future second-story expansion. Buyer to verify feasibility and permitting. See Documents. Gross rental income is approximately $7, 700/month or $92, 400/year, with estimated NOI of approximately $60, 000 and a projected 4.7% cap rate at $1, 285, 000. One vacant unit now. 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. Be respectful of our neighbors in front and on street by not blocking driveways. Please allow adequate notice for showings. Some County Records and property details are inconsistent. Do your due diligence. Contact your preferred agent. Property is offered turnkey furnished.

MLS® Number410923

Laundry Level

Central VacNo

FireplaceNo

Acreage0.2407

Exterior

GarageNo

Approx. Age1982

Basement

DrivewayCarport, No Garage

Garage Spaces

HeatSolar Water Heating

A/C

Extras

Map

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