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REE.com - where the real estate investor market is always hot. With real estate credit virtually non-existent, facilitating a direct 1031 exchange between property owners is a great alternative. REE.com is the oldest, most trusted, and fastest-growing online exchange website for the trading or property swap of commercial real estate properties.


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I am interested in the below property. Send them my property page Send Property
 Oceanfront Hawaii Condo

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Property Type:  Residential Income - Condo(s)
Last Updated:  4/6/2011 7:17:33 PM EST
Property # 18543
Location:  Kapaa, Hawaii 96746 USA
View Address On Mapquest
           
Value: 
Loans: 
Equity: 
$1,750,000
$1,590,000
$160,000
Property Description:
Hale Awapuhi - Fabulous oceanfront 2 level unit with 2 master suites and vaulted ceilings. Elite, gated 9-unit building with private entrances. 3 reserved parking spaces. Completely renovated
Benefits to New Owner:
In your face ocean view FROM THE FRONT DOOR thru the unit which gets even better from the inside. A truly unique, irreplaceable setting, and they're not making any more ocean front!
 Unit Mix
# Units 1 Bed/Bath     2/3 Approx. Sq. Ft. 2200 Avg. Rent/mo. $9,000
TOTALS 1            

 Annual Income & Expense
 Per/Year % of G.I. Projected/Year
Gross Schedule Income $00%$104,000
Less Vacancy (-) $00%$26,000
Other Income (+) $00%
Gross Operating Income $0100%$78,000
Operating Expenses (-) $00%$36,000
Net Operating Income (=) $00%$42,000
Loan Payments (-) $00%
CASH FLOW (=) $00%$42,000
Capitalization Rate 0.00% 2.40%
Lot Size 
Zoning 
Yr. Built 1989

Additional Income & Expense Comments
Use 3 mos & have vacationers pay most costs! Hot location, closer to ocean than presently allowed, small beach & cove below, yet somewhat secluded. Trader will guaranty 12 mos rental for 2 yrs

 Loans
  Balance Mo. Payment % Rate Year Due Lender Assumable
Loan #1: $1,394,000$6,7505.8ConventionalMAYBE
Loan #2: $196,000$1,70010ConventionalMAYBE
TOTALS $1,590,000$8,450       

Loan Comments
2 2008 appraisals, both at $2,350,000. Possible wrap can be done on existing loans. Strong uside appreciation potential (40-50%) with conversion to allowed 1/6 fractional ownership.

 Additional Information Available Upon Request
Appraisal available (Approx. Date 1/2008)
Maps: Area & Plat
Photographs
Other: Video Tour below link

 Can Adds
  Property Type Value Loans Equity Cash Flow (Yr.)
1Industrial/Warehouse $1,500,000$500,000 $1,000,000 $69,300
2Land/Residential $2,165,000$1,600,000 $565,000 $0
3Land/Other $1,650,000$0 $1,650,000 $0
  CAN-ADD TOTALS$5,315,000$2,100,000$3,215,000$69,300

Can Adds Comments
Coins, Gemstones, Professional Services, Goods From Asia At Wholesale SEE OUT SEPARATE LISTING FOR APPRAISED GEMS AT PENNIES ON THE APPRAISED DOLLAR!

Click to view Other parties that may want what you have based on a computer match from the property records data

 Owner's Profile
Occupation  Entrepeneur   Name  Please Sign In or Register to view owner information.

Why Owner No Longer Wishes to Own This Property
The investment is too passive (need more action/opportunity)
Want off loan(s) to free-up credit line
Owner's business no longer requires the property so it is excessive inventory
Have taken property to potential and desire a new opportunity
Want more leverage
Want to move assets to another state
Want to take profit and move on

Owner Comments and Benefits desired from Exchange
Greater income and development possibilities. Lived on the ocean, time for something new.

 Will Consider Exchanging For
Commercial: Factory Outlet, Mall, Medical, Office, Resort, Retail, Shopping Center, Strip Center, Vacant, Other
Industrial: Manufacturing, Mini Storage, R & D, Vacant, Warehouse, Other
Residential Income: Apartments, Condo(s), House(s), Vacant, Other
Land: Commercial, Farm / Ranch, Industrial, Leased, Mixed Use, Multifamily, Residential, Subdivision, Timberland, Other
Mobile Home Park: Family, Senior, Trailer / RV, Other
Personal Property: Cash, Notes / Paper, Barter Currency, Airplane, Automobile, Boat / Yacht, Gem Stones, Insurance/Viaticals, Services, Stocks, Other
Business Opportunities: Boarding, Care Home, Health, Industrial, Lodging, Marina, Market, Recreation, Restaurant, Retail, Sports, Other
Owner Occupied: Condominium, Duplex, House, Mobile Home, Other
Services Offered: Loans, Management, Construction, Marketing, Other, Real Estate, 1031

U.S. Locations
Map
States/Regions: Alabama, Alaska, Arizona, Arkansas, California, Colorado, Connecticut, Delaware, Florida, Georgia, Hawaii, Idaho, Illinois, Indiana, Iowa, Kansas, Kentucky, Louisiana, Maine, Maryland, Massachusetts, Michigan, Minnesota, Mississippi, Missouri, Montana, Nebraska, Nevada, New Hampshire, New Jersey, New Mexico, New York, North Carolina, North Dakota, Ohio, Oklahoma, Oregon, Pennsylvania, Rhode Island, South Carolina, South Dakota, Tennessee, Texas, Utah, Vermont, Virginia, Washington, Wash. D.C., West Virginia, Wisconsin, Wyoming, Alberta, British Columbia, Manitoba, New Brunswick, Newfoundland, Nova Scotia, Ontario, Prince Edward Island, Quebec, Saskatchewan, Yukon - N.W.T., Guam, Puerto Rico, Other - Non U.S.

Regions: 'WEST', 'SOUTHWEST', 'MIDWEST', 'SOUTHEAST', 'NORTHEAST'

Non U.S. Locations
Australia, Canada, Caribbean, Central America, Europe, Mexico, Middle East, New Zealand, South America, South Seas, Other


Owner Will Exchange for Additional Comments
All categories of personal property considered as well.

 Property Represented By

Click Here to contact the Owner or Agent representing this property.

REE.com Inc. has not verified the above property information and therefore does not guarantee or warranty any information contained herein. It is your responsibility to seek independent assistance for legal, tax, financial and physical inspections. All information submitted is subject to errors, omissions, change of price/value, withdrawal and to any special listing conditions imposed by the principals.

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