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332 Front St
$750,000 MORTGAGE CALCULATOR Leasehold LAND TENURE 3 BEDROOMS 1.5 BATHROOMS Residential CLASS Aholo DEVELOPMENT
332 Front St
PRICE: $750,000 Leasehold
BEDROOMS: 3
BATHROOMS: 1.5
CLASS: Residential
DEVELOPMENT: Aholo
MORTGAGE AMOUNT $0
DOWN PAYMENT AMOUNT $112,500
MONTHLY MORTGAGE PAYMENT $0/span>
ADDITIONAL MONTHLY CHARGES $0
TOTAL MONTHLY PAYMENT $0
CLOSE CALCULATOR
MLS#: 391757
Bedrooms: 3
Bathrooms: 1.5
Interior Area: 1296
Days on Market: 1057
Type: Residential
Status: Cancelled
Bank Owned: No
Lot Size: 0.1752 Acres
Address: 332 Front St, Lahaina, HI 96761
City: Lahaina
Offer Price: $750,000
DOM: 1057
Interior Area: 1296
Development: Aholo
Air Conditioning: No
Waterfront: None
Garage: No
Posting Date: 06-04-2021 9:27pm
Last Update: 09-22-2021 10:00pm

LISTING PROVIDED BY

Nancy Montoya RB-14438
808-250-5073
nmontoya@hawaii.rr.com
http://montoyaonmaui.kw.com
Robert J Cartwright RB-13462
bob@whalersassociates.com
mauiluxuryrealestateteam.com

Keller Williams Realty Maui-L
808-661-8777
deanotto@maui.net
Robert J Cartwright, Inc.
808-661-8777
bob@whalersassociates.com

PROPERTY DESCRIPTION

This property is located on the preferred South end of Front Street, and is ideally suited for an investor seeking a property with strong rental income, or an owner/occupant buyer looking for a home that allows them to generate income to help with the expenses. This property is currently being rented to five separate tenants, with a Main house, Ohana and three Studios. The dwelling appears to be larger than shown on the TMK records. See D for additional documents, a sketch showing a rough layout of the dwelling(s), a Preliminary Title Report, 2020 rental history and expenses. Based on the income figures and expenses provided by the sellers property manager, the property yielded an 8.2% return in 2020. This rate of return is based on a cash sale at the listing price of $750,000. The home is on leasehold land. The asking price would be much higher if the property was offered in Fee Simple. Based on research completed by the title department of Fidelity National Title Co. and the lessee has the first right of refusal on the purchase of the Fee Interest, in the event the Lessor decides to sell. A fully copy of the Lease, as well as a Leasehold Disclosure Summary will be delivered to buyer in escrow, and the purchase is subject to the buyers review and approval of these documents, as provided for under Hawaii State Law. DO NOT DISTURB THE TENANTS! Seller does not want tenants disturbed. Buyer and/or their agent may not view the property prior to buyer and seller executing a Purchase Contract at a price and terms acceptable to both parties. Whereupon, buyer may make any and all inspections they may deem necessary, as provided for under Standard Terms Section J-1 of the Hawaii Realtors Association approved Purchase Contract. Purchase would be subject to buyers review and approval of all inspections, to include a physical inspection. Information was gathered with care, but is not guaranteed by agents or seller. Buyer to perform their own due diligence/verification.

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PRICE HISTORY

Date Days Ago Event Price

Last update: 10:00pm 9/22/2021

Disclaimer - 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.