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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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