Description
Unique income-producing property in the heart of Central Wailuku, renovated around 2010, 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 approximately 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.
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0BEDS
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0.11ACRES
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01/2 BATHS
School Ratings & Info
Description
Unique income-producing property in the heart of Central Wailuku, renovated around 2010, 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 approximately 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.