4521 Lower Honoapiilani Rd 4a1
Kahana Outrigger 4A1
3 Bed, 3 Bath, 1448 Sqft, 1.17 Acres
Listed by: Sakamoto Properties Limited
The crystal clear Pacific Ocean lapping on the shore, and outer-island views, are your first sensory delight as you walk through the front door of this lovely tropical retreat. The sellers have taken great care in the Décor and care of their Maui home. It is tiled throughout, enhanced with quality cabinetry, granite counters in the kitchen, beautiful vaulted tongue and also feature tongue and groove cedar ceilings in the bedrooms and living area. There are skylights in some of the bathrooms, each bedroom has its own En- Suite bath. The sellers have enjoyed a high occupancy, and wonderful income for years. Located on one of the most beautiful coves in Kahana, this low density, Direct Ocean-Fronting Resort is quite sought after, as there are only 16 units placed on 1.168 acres. Legal Vacation Rentals makes this tropical destination a wonderful place to visit, while offsetting your costs with wonderful income potential. There are only 3-bedroom units on site. Half of them have 2 baths, and the remaining 8 units have 3 baths. The wooden buildings are two stories, with 4 units per building. At this time the association is completely renovating the property by replacing the roofs, sky lights, and all of the cement board on the exterior of the buildings. Construction on building 1 has been completed, and work is being done on building 3 at this time. The pool areas and the grounds are impeccable, and are enhanced by the phenomenal Ocean Views, with a back drop of the Magical Islands of Lanai and Molokai. This is one of the best Leasehold properties in West Maui. The lease is in place until 2071, and currently, the association has purchased 20% of the fee interest from the land owners. There are very few 3 bedroom 3 bath ocean-fronting, vacation rental properties in West Maui. You must see Kahana Outrigger to appreciate it!! Income figures for 2018 and projected 2019 attached under documents.