Hoonani St

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Hoonani St

Kihei, HI 96753
Asking Price
$2.90M
Asset Type
Commercial Multifamily
Class
Class B

AI Property Summary

Structured overview optimized for LLM context (ChatGPT, Perplexity, Claude).

  • The multifamily asset is located on Hoonani St in Kihei.
  • This commercial property includes a total of 54 individual units.
  • The acquisition price for this Hawaii investment is $2,900,000.
  • Kihei serves as a primary hub for residential demand on Maui.
  • The property provides significant scale for long-term rental income generation.

What's Special

Priced at $2,900,000, this multifamily property on Hoonani St in Kihei, HI, features 54 units. The site functions as a commercial multifamily asset, situated in a prominent area of Maui known for its residential demand and coastal lifestyle. Kihei remains a vital submarket within the broader island economy, benefiting from consistent interest from residents and seasonal visitors alike. Investors seeking a multi-unit acquisition in Hawaii may find this asset aligns with their portfolio strategies for rental income and long-term stabilization. The scale of the property allows for significant operational capacity, whether maintaining the existing residential structure or exploring repositioning possibilities within the local regulatory framework. Given the geographic constraints of the region, assets of this size are established components of the local housing stock, providing essential capacity for the growing community. Professionals interested in the Maui market should evaluate the utility of these 54 units as part of a larger investment objective.

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NOI
$80,000
Cap Rate
2.76%
DSCR
0.46
Underwater
Cash-on-Cash
-10.59%
Monthly Payment
$14,347.618
Annual Cash Flow
$-92,171.412

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