461-465 Palani Pl, Wailuku, HI 96793
461-465 Palani Pl, Wailuku, HI 96793
461-465 Palani Pl, Wailuku, HI 96793
461-465 Palani Pl, Wailuku, HI 96793
461-465 Palani Pl, Wailuku, HI 96793
461-465 Palani Pl, Wailuku, HI 96793
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Gray Marino

Gray Marino

+1(808) 745-7445
$ 1,285,000
Est. payment | /mo

2 Beds

1 Bath

1,371 SqFt

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$ 1,285,000
Est. payment | /mo
Save Virtual Tour

2 Beds

1 Bath

1,371 SqFt

Key Details

Property Type Single Family Home

Sub Type SF w/Det Ohana or Cottage

Listing Status Active

Purchase Type For Sale

Square Footage 1,371 sqft

Price per Sqft $937

Subdivision Old Wailuku

MLS Listing ID 410923

Bedrooms 2

HOA Y/N No

Year Built 1982

Annual Tax Amount $9,093

Tax Year 2026

Lot Size 10,484 Sqft

Acres 0.2407

Property Sub-Type SF w/Det Ohana or Cottage

Property Description

Spectacular ocean, Central Maui and Haleakala views from this unique income-producing property on a private flag lot along a quiet cul-de-sac in desirable Old Wailuku Heights. Set on approximately 10,485 SF with R-3 Residential zoning, the property features two separate homes and a private setting with mature fruit trees. 461 Palani is a 500 SF 2BR/1BA cottage built in 1982 and extensively remodeled in 2018 with an updated kitchen, granite countertops, stainless appliances, flooring, windows and bath. Features include a spacious 256 SF wraparound deck, 12 owned PV panels, storage, yard, separate laundry and tuck-under parking. 465 Palani is an 871 SF main home built in 2022 and currently configured as two furnished 1BR/1BA rental units, each with excellent views, solar hot water panels, privacy and parking. The home was designed with potential for future second-story expansion. Buyer to verify feasibility and permitting. See Documents. Gross rental income is approximately $7,700/month or $92,400/year, with estimated NOI of approximately $60,000 and a projected 4.7% cap rate at $1,285,000. One vacant unit now. Offered turnkey furnished. Income and expense figures are provided by Seller, are not independently verified and are subject to change. Conveniently located near UH Maui College, MACC, Maui Memorial Medical Center, downtown Wailuku, shopping, parks and other Central Maui amenities. Property is tenant occupied, do not disturb tenants. Be respectful of our neighbors in front and on street by not blocking driveways. Please allow adequate notice for showings. Some County Records and property details are inconsistent. Do your due diligence. Contact your preferred agent. Property is offered turnkey furnished.

Location

State HI

County Us

Area Wailuku

Interior

Interior Features Ceiling Fan(s), Storage, Ceiling Fan, TV Cable, Eat-in Kitchen, Loft

Fireplace No

Appliance Dryer, Microwave, Range, Refrigerator, Solar Hot Water, Washer, Solar Water Heating, Washing Machine

Exterior

Parking Features Carport, No Garage

Waterfront Description None

View Y/N Yes

View Mountain/Ocean

Garage No

Others

Virtual Tour https://youtu.be/e6w1jTmqkCM

Listed by Compass-W

NEARBY SCHOOLS & PROPERTIES

Gray Marino

"My job is to find and attract mastery-based agents to the office, protect the culture, and make sure everyone is happy! "

+1(808) 745-7445

gray@graymarino.com

Maui, Hawaii, United States

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461-465 Palani Pl