1683 Nana St, Wailuku, HI 96793

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.