10 units in Happy Valley on slightly more than 12,000 square feet of land. 6 units are occupied, 4 units are vacant and in need of TLC. Excellent investment opportunity. Most units are 2-3 bedrooms and some are two level. Street to street lot from Lani Place to Alahee Drive. Lani Place is a cul-de-sac street. Great location close to markets and Main Street. Beautiful west Maui mountain views. Dwelling info: #1 3 br 2 ba, #2 2 br 1 ba, #3 2 br 1 ba, #4 0 br 1 ba, #5 2 br 1 ba, #6 3 br, 2 ba, #7 2 br 2 ba, #8 2 br 2 ba, #9 2 br 1 ba, #10 2 br 1 ba. Total current monthly income of 6 units is $3,700. Current CAP rate is approx. 7.5% and, if rehabbed, would be approx. 14%.
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