- 8 Beds
- 2 Total Baths
- 2,802 sqft
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1683 Nana St Wailuku, HI 96793
Property Features
- 8 Beds
- 1 Full Baths
- 1 Half Baths
- 2,802 sqft
- MLS # 410861
- Lot Size: 0.2481 acres
- Floors: 2
Property Description
Also listed as Commercial MLS #410862. Rare opportunity to acquire Hale Nani, a 10-unit multifamily property in an elevated Wailuku location with beautiful ocean, harbor, Haleakala and Central Maui views. The property consists of six 2-bedroom/1-bath units, two 1-bedroom/1-bath units and two studio/1-bath units. Each residence is separately condominiumized with its own individual TMK, providing an ownership structure and future disposition flexibility rarely found in a traditional apartment property. Current scheduled residential rents total approximately $21,250 per month, or $255,000 annually, plus approximately $2,160 in annual laundry income. Current Cap Rate based on Proforma Profit and Loss is 5%. Since acquiring Hale Nani in 2024, the Seller has completed substantial improvements and major repairs, including upgrades to four units, exterior stucco work, roofing, siding and other significant improvements. Seller reports that the major deferred-maintenance items have now been addressed.
Property Highlights
- Primary School: Wailuku Elementary
- Middle School: Iao Intermediate
- High School: Henry Perrine Baldwin High
The listing broker’s offer of compensation is made only to participants of the multiple listing service where the listing is filed.
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