28 Kulani Pl, Paia, HI 96779

Property tours are available by appointment. Please contact the listing broker to schedule a tour. NORTH SHORE MAUI - Income Producing Redevelopment Opportunity (The Property) is located at 28 Kulani Pl. Paia, HI, in the Kuau Subdivision of Maui County. It is a multi-building/dwelling property, consisting of eight total units, has a 2018 budgeted NOI of approximately $169,000. The first building is a two bedroom/one bathroom home that was constructed in 1948. There is also a detached, one bedroom/one bathroom cottage with a kitchen. The main building, which contains six units, was built in 1989. The current owner purchased the property in 2005 and has been successful in consistently leasing all of the units at very healthy market rates. Built on just under one acre of lush green land, with ocean views, the multi building property consists of three dwellings. Constructed in 1989, the main building with 3,648 sq.ft. of living space, is two stories, with four large lanais, and consists of six separate units: One two bedroom/one bathroom with full kitchen, one two bedroom/one bath with outdoor kitchen, one two bedroom/one bathroom with kitchenette, and three studios with bathrooms and kitchenettes. Additionally, the main building features 2,688 sq.ft of permitted, covered decks that capture the ocean view from the second level. There is also a separate 712 sq.ft., two bedroom/one bathroom home with a kitchen, as well as a detached cottage, with 420 sq.ft. of living space that includes one bedroom/one bathroom and a kitchen. This property has a combined total of 7,468 sq.ft. of living space, including decks. The property also features a common laundry area and ample space for parking, as well as a large yard. Do not disturb tenants or visit property without scheduling a tour.