441 Ilikahi St

Lahaina, HI 96761

This beautiful tropical retreat is currently operating as a permitted, cash-flowing, very successful Bed and Breakfast. 92% occupancy with approximately $19,000 – $21,000 gross rental income per month. Long-term rental, primary or secondary residences are also great options for this property. Located just 1 block from Front Street and the beautiful ocean. Lovely lush landscaping surrounds the private dwellings on its large 19,000 square foot lot. The colorful gardens encircling the homes include 5 kinds of palms, plumeria, ginger, ti plants, noni, gardenia, hibiscus and bougainvillea. The soothing sounds of 2 ponds, 3 fountains and a rock waterfall create a serene and relaxing environment. The original main home which houses 2 of the rental units, features gorgeous ohia and eucalyptus floors throughout the kitchen, living area and bedrooms. The unique architecture and brilliantly designed ventilation system brings the outdoors inside and high ceilings, red granite counters and warm wooden accents in the kitchen and living area provide a comfortable feeling of home. The originally built second home, which houses 4 additional B&B rental units, is over 2000 square feet and features tile floors throughout. Each unit has its own private lanai with garden views. A long driveway leading to the property and parking area provides additional privacy for the occupants. Over $150,000, per seller, of improvements have been made in 2014 including complete interior and exterior painting, new windows and a Photo-Voltaic system which has dramatically reduced the electric bill and operating cost of the property.

Wendyinkihei@gmail.com