3894 Mahinahina St, Lahaina, HI 96761

Click on video tour or go to http://www.youtube.com/watch?v=mFrDj5Pl_t8 Amazing ocean views from this Mahinahina area home with a pool and a detached 2-car garage. Located near Kahana and only a 5-minute walk to Kahana beach(see photo), this property is only 5 houses from the ocean! Formally a bed and breakfast called "Blue Horizon" with gross revenues (2006) of $129,812.00! Buyers should explore the option of returning this property to a bed n breakfast. Currently used as four separate long-term rentals with gross rent of $5,350/month! 20% down ($180K) on list price of $899,999 at 5.0% for 30 yrs is only $3,842/MONTH! You do the math! Downstairs separate entrance area features 3 self-sustaining NON CONFORMING rentals where B&B customers used to stay (Two 1 bedroom 1 bath units and one studio). The separate upstairs area (2nd and 3rd floor areas) include 3-bedrooms, 3 bathrooms and an upgraded kitchen area with wood floors, granite counter tops and cherry wood cabinets. On the 2nd floor you ll find a very spacious living area with a large library like living room/front room area with amazing views. Do not buy this property based on long-term rental income for downstairs units! THESE UNITS ARE NON-CONFORMING! Best bet is to explore the option of returning the property back to a b&b. Very quiet and beautiful neighborhood located 2 minutes from Kaanapali and 5 minutes from Lahaina.