Views
Address
332 Front St Lahaina, HI
Price
$ 750,000
Property Attributes
  • MLS#391757
  • TypeSingle Family
  • CountyMAUI
  • CityLahaina
  • AreaLahaina
  • NeighborhoodLahaina
  • Zip96761
  • StyleSingle Family
  • Year Built1975
  • Taxes$ 3518
  • Price$ 750,000
  • Bedrooms3
  • Full Bathrooms1
  • Half Bathrooms1
  • Sqr Footage1296
  • Lot Size7,632 SqFt
Listing Provided Courtesy Of:
Keller Williams Realty Maui-L - Leasehold
Data Source:
REALTORS® Association of Maui (RAMAUI) - 264 - HI
Property Description

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 dwelling appears to be larger than shown on the TMK records. See “D” for additional documents, 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. 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.

Price History
6/4/2021 Listed $750,000

General Features

Bathrooms 1.5
Beds 3
Class Residential
Cooling No
Garage No
Land Tenure Leasehold
Listing Agent 270
Listing Area Lahaina
Parcel 002
Plat 005
Section 6
Sewer Sewer Connected, Sewer County
Street Name Front
Subdivision Aholo
Subdivision HI
Topography Level
Utilities County Water, Overhead Electricity, Telephone, TV Cable
View Other
Waterfront None
Year Built 1975
Zone 4

Exterior Features

Latitude 20.864192
Longitude -156.671208
Photo Count 21
Lot Size Area 0.1752
Pool Y/N No
Roads County

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Single Family Average in 96761

Price
AVG $5.24M
$750K
Taxes
AVG $21,253
$3,518
Visits
AVG 203
217
Year Built
AVG 1998
1975
Walkscore
AVG 25
34
Data Provided by Walkscore ® not using MLS data

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