Unique income-producing property in the heart of Central Wailuku, zoned Business Multi-Family (MRA) and currently in the process of pursuing hotel approval. The property offers a versatile boutique configuration with 8 units and multiple income streams. Two units are currently rented month-to-month at $1,700/month each, while six units are utilized as transient accommodations at approximately $175/day. The property also includes approx. 576 sf of office space offering potential for additional income. This mix provides both consistent residential income and short-term lodging potential. Ideally positioned in Central Wailuku with convenient access to shopping, dining, business services, and major Maui destinations. The existing income, boutique character, MRA zoning, and ongoing hotel process create an attractive opportunity for an investor or hospitality operator looking to establish or expand a lodging concept in a central Maui location. The sale includes the roadway/access serving the property, providing important ownership and access. The owner currently leases the adjacent lot for parking at $562/mo.
Listing courtesy of Realty 1st Inc.
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, 1995-2015, REALTORS® Association of Maui, Inc. All Rights Reserved.
Contact: kwee@realty-1st.com
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