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  • MLS® #: 381595
  • 3248 S Akala Dr

  • Maui Meadows, Hawaii 96753
  • $1,325,000   Fee Simple
  • Monthly Maintenance Fees $0
  • 3 Beds, 3 Bath, 2184 SQ. Feet, 0.59 Acres
  • Residential
  • Listed by: Maui Houses And Condos Realty

24 hours required to show. I am seeking an investor as all tenants do not want to leave this gorgeous property. The 568 SF 1 bedroom 1 bath cottage rents for $2000 by a young couple. The cottage has granite countertops, elegant dark wood floors, cherry wood cabinets, beautifully remodeled bath with granite counters, large tiled shower. Tile roof and a 13 X 26 foot covered patio with vaulted finished ceilings. Tall pine trees adorn the beautifully manicured lot. Only 4 months in to the one year lease. Tenant pays own electric. The covered roof over the cottage washer and dryer is non conforming. The cottage is on septic system. The main house has 2,184 SF. The tenants of the main house own a successful cleaning company and this house is immaculate. They only pay $2,900 a month but they maintain and manage the property. The main house has been completely remodeled with granite counters, wood floors, vaulted ceilings, 2 bedrooms and 2 baths up and 1 bedroom 1 bath down and family room. Three zone split AC system Custom kitchen with wine cellar. Beautiful wood vaulted beamed ceilings The tenant's refrigerator, three ceiling fans, kitchen faucets and shower heads not included in the sale. The original fixtures will be replaced and there is an extra stainless steel refrigerator that stays. Viking wine cooler, oven and range. Kenmore stainless steel dishwasher.Beautiful covered lanai with ocean views. The house should get $3500 a month. There are 6 months left on their lease. The garage is non conforming. The main house is on cesspool. Coconut palms. There is also an ohana that has been completely remodeled with granite counters, cherry cabinets, custom bath. These tenants are related to the tenants of the main house. They pay $1800 a month and have rented for 2.5 years. The gross rents for the three rentals is $6,700 a month/$80,400 annually but can be higher. Real property taxes are $2246 year. Hurricane insurance is $1024 a year. Fire and liability insurance is $757 a year. The net income is $76,373.00. The "cap rate" at $1,325,000 is 5.76%. The main tenant pays the electric and lawn maintenance. The appraisal indicates the composition LAP exterior has been replaced. New decking with handrails and glass panes. The electrical system has been upgraded and many door replaced. Did I mention TILE ROOFS? Water bill forthcoming. Owner pays for water. The January 2018 appraisal is up at least 7% in value.

Essential Information

  • MLS® #381595
  • Price$1,325,000  Fee Simple
  • Bedrooms3
  • Bathrooms3.00
  • Square Footage2,184
  • Acres0.59
  • Year Built1980
  • TypeResidential
  • Sub-TypeSF w/Det Ohana or Cottage
  • StatusActive

Community Information

  • Address3248 S Akala Dr
  • AreaMaui Meadows
  • SubdivisionMaui Meadows
  • CityMaui Meadows
  • StateHawaii
  • Zip Code96753

Amenities

  • Parking Spaces3
  • ViewOcean
  • WaterfrontNone

Interior

  • CoolingCentral AC in House

Additional Information

  • Date ListedJanuary 31st, 2019
  • Days on Market17
  • Ohana SqFt560

Public Records Information

Sales History

  • 02/20/2018  $ 0
  • 12/23/2014  $ 1,000
  • 08/19/2011  $ 446,300
  • 05/13/2010  $ 612,000
  • 10/19/2005  $ 1,000,000
  • 06/13/2005  $ 0
  • 01/22/2004  $ 785,000
  • 12/31/2003  $ 0
  • 09/13/2002  $ 0
  • 08/28/1996  $ 0
  • 05/14/1996  $ 0
  • 06/26/1995  $ 0
  • 05/18/1995  $ 0
  • 03/23/1989  $ 305,000
  • 11/28/1988  $ 215,000
  • 01/01/1900  $ 185,000

County Assessed Value

  • 2018   $ 988,300 
  • 2017   $ 1,011,700 
  • 2016   $ 947,300 
  • 2015   $ 916,800 
  • 2014   $ 884,700 
  • 2013   $ 771,600 
  • 2012   $ 668,400 
  • 2011   $ 754,200 
  • 2010   $ 954,800 
  • 2009   $ 1,089,700 

Structure Information

  • Class Accessory dwelling 
  • Style 1975 
  • Year Built  
  • Construction Type
  • Exterior Wall PLYWOOD 
  • Roof Material Built up 
  • Class Accessory dwelling 
  • Style 1980 
  • Year Built  
  • Construction Type
  • Exterior Wall PLYWOOD 
  • Roof Material Glazed ceramic tile 
County Tax Information

Property Location

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Listings provided courtesy of the REALTORS® Association of Maui.

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.