Are you interested in finding some solid income property in a stellar location? On Maui, with our limited inventory places like this 6-Plex that just listed are a terrific opportunity in the right LOCATION. With people being encouraged to work remotely and less need to be near major job markets dwindling, it’s got more people than you might think with their eyes on Hawaii. Maui gets a lot of love for it’s less crowded, more relaxed vibe than Oahu… Especially from our major feeder markets like LA, Seattle, and Oregon… Not to mention our Canadian neighbors.
Income units on South Maui are literally non-existent and this is the only of it’s kinda the time of list – worth looking into and sharing.
A terrific opportunity for someone looking for a 1031 Tax Exchange.
Maui Palms Townhomes is boutique complex 3 blocks from sandy beaches and activities right in the heart of South Maui. Just a quick stroll across the street the awesome swimming beaches for morning exercise and nightly sunsets. Easily accessible to many businesses for employment, as well as dining options and grocery for living conveniences. Five-minutes (unless it’s high season and there’s traffic : ) from the world-class Wailea Resort with access to luxury hotels and amenities, world-class shopping, fine-dining restaurants, and golf. For these reasons, this building garners premium rents and a high desirability year after year.
6 total units:
- 5 units are 2 bedrooms, 1.5 bathrooms 939 sq. ft.
- 1 unit is 2 bedroom, 2.5 bathrooms
- Updates include new counters, flooring, and paint – varying throughout each unit
- A well-maintained building shows pride of ownership
- Onsite parking and a new roof.
JUST LISTED AT $2,560,200.
These are long term rentals in a highly desirable location in South Maui and consistently able to earn maximum income. Currently listed by Dano Sayles, Remax Lifestyle, and owned by a local family who purchased it back in 2005. All units are on month-to-month rental agreements. View Matterport tour for a more in-depth look at the units and their condition.
Check out what wonderful things Trip Advisor has to say about Charley Young’s Beach Park.
The real estate market on Maui has slowed down in volume since COVID19, but we are still over last year for median home prices.
Take a look at some recent Maui Real Estate Statistics.
Working remotely is strongly encouraged, and the new state of the world has people curious about shifting closer to more relaxed, less crowded places for the long term. Maui and the limited inventory along with the global interest have our island a solid investment for years to come.
If you’re looking for a solid investment, reach out… Let’s get your toes in the sand.
Aloha, Erica Haleakala – Wailea Realty + Windermere Maui. – 808-281-4107