Lahaina Home For Sale: 332 Front St, Maui, Hawaii
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MLS: 391757 (Active - For Sale)
 
Asking Price: $750,000 Leasehold

District: Lahaina
City: Lahaina
Street: 332 Front St
Neighborhood: Aholo
Beds: 3   Baths: 1.5
Living Area: 1,296 SF
Land Area: 7,632 SF
Features: Other View
Solar PV: Yes (Leased)
Days on Market: 105
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All Homes For Sale in Aholo

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.

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This property is listed by Keller Williams Realty Maui-L
The Hansens may represent you as a Buyer's Representative.
 
This information is believed to be accurate.
It has been provided by sources other than the Realtors Assoc. of Maui
and should not be relied upon without independent verification.
You should conduct your own investigation and consult
with appropriate professionals to determine the accuracy of the information provided
and to answer any questions concerning the property and structures located thereon.
Featured properties may or may not be listed by the office/agent presenting this brochure.
 
Copyright 1995-2020, REALTORS® Association of Maui, Inc.




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Donna Hansen
Integrity. Knowledge. Experience.

Donna D. Hansen, Realtor(S)
Mobile: 808-280-1650
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Testimonial: "The Hansen Group was so helpful in helping us find our dream condo in Maui. Before we even arrived on-island, my husband made the connection with them, so we could start our research to find the perfect place to buy. The Hansens always responded to our queries very quickly, and then, when we arrived, drove us around the island to various locations to look at properties. Any questions we had (and some not having much to do with selling a condo!), were all answered, or, if they couldn’t answer it, they directed us to the experts who could. There is so much involved when buying a property, but the Hansens made it as seamless as possible. Even after we bought, they supported our efforts in our condo makeover." More testimonials.
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