Wednesday, May 16, 2007

65 Lepo Pl Haiku Maui Hawaii

This is a no brainer. The home needs paint, carpet, bathroom, shower repair,
new fridge, counters and cupboards resurfaced. The home is a 3 bedroom 2
bathroom. The house at one time was rebuilt and the garage or carport was
turned into a studio with a enclosed lanai. So instantly you could have a 3
and 1 rental and a studio rental all with separate entrances and self
enclosed screened porches.

The garage car port now could be flipped into a two bedroom add on to the
house, so with as little as 17 thousand dollars you could be making money,
there is still room to build a cottage and build the house two stories.

The yard is in need of landscaping and care. The bamboo forest can be knock
back with some hard work. there is room for a few animals after clearing the
bamboo back.

I see the value here as plain as the light of day.

I instantly called the California Realtors and asked to sell my Ferndale
house. I would buy this and fix it up. After the rental improvements and
clearing the land The value will jump to 800 or 900 and after a cottage is
built then it will be a million plus property. Now don't fool yourself,
there are a lot of million plus properties on Maui, that doesn't mean your

There is no Ocean View. I am not sure if you went two story if it would show
up? I doubt it. I am sure that this is a rental positive cash flow with some
hard work and soft money.

Nice Buy.

Jeffery B Griffin
Realtor® (B) ABR, GRI, e-Pro eCertified®
808-280-3442 cell
888-248-4015 toll free/information/message/fax
Century 21 All Islands
7 E. Kaahumanu Ave.
Kahului, HI 96732
"Lucky We Live Hawaii"

Premier Hawaii real estate firm with a family 13 offices
strong statewide, ranking #4 & #5 in the state and in the
nation respectively. out of 46 countries, 8,400 offices,
and 146,000.


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