1031 Property of the Week-Haiku Upside Value

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This property in Haiku has two homes on over 13 acres. The main home is 4 bedrooms/3 baths and 2,176 square feet. The second home is a 3 bedroom/2 bath with 1,338 square feet. The homes have a flexible floor plan allowing for up to five different rentals. The homes are recently built in 2001 with new carpets and paint in the last year. There are great views of the Pacific. The location is desirable within Walking distance of the Haiku Cannery and a short drive to Paia and Makawao. There is upside in the acreage. The agriculturally zoned property has potential for a 6 lot subdivision. As it stands, the current access road is inadequate. There may be potential access through land owned by a neighbor. Buyer would need to do their own due dilligence.

This home is offered through Fred Haywood Realty for $1,475,000. This home sold! Contact The Maui Real Estate Team for assistance identifying other 1031 exchange properties.

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