Investment Opportunity – Two Kihei Homes With Great Cash Flow On Large Lot
This property features two homes that are currently configured as four rentals on a 10,000+ square foot flag lot in Kihei (MLS# 350214), close to beaches and all South Kihei conveniences. It is listed at $439,000.
It is currently rented and has been consistently rented for the past six years with two very long-term tenants, and two others that would also like to stay. The property generates more than $4,000 per month. Both properties are in good rental condition. Both are larger than public records indicate.
The yellow house is configured as a main 3-bedroom/1-bathroom home with an adjoining mother-in-law studio and a private exterior entrance.
The blue home has separate down and upstairs entrances. Downstairs, there is a 2-bedroom/1-bathroom unit and upstairs a 1-bedroom unit with an expansive deck.
Kevin Spaise is on top of the deals in Kihei. This property is tenant occupied, but fairly easy to show: call 808.344.0624 for a showing schedule.