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$180000 / 2br - 898ft² - *Excellent CashFlow Property in Waikiki* Tradewinds (Waikiki)

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2BR / 1Ba 898ft2 furnished condo available aug 26

Excellent Cash Flow Buy and Hold

1720 Ala Moana Blvd, Honolulu, HI
Waikiki, Oahu HI

Asking $183,000 obo

Summary for 1720 Ala Moana Blvd:

Tradewinds Hotel in Waikiki
2 bed 1 bath 898sqft Condo with 100sqft lanai
Newly Renovated
Fully Furnished
1 Assigned Parking Space in Secured area on property

Here are the numbers:
Asking $183,000 obo
Average rent in area at least $3100/month
https://www.rentometer.com/results/WmTQvjxtdTQ

Current Tenants paying $2700-$3400/month
Condo was used for Corporate/Business Rental at $3200-$3400 and used as summer vacation rental at $2700-$2900

$1120 Total Condo/Maint Fees including all utilities, taxes, and leasehold rent.
Lease is until 2040 and renegotiated is 2017.
$1500+ Cash Flow

Dropbox - Pictures for Unit
https://www.dropbox.com/sh/tzdve2mfvvlea4x/AABMQokwmukKINEXHNntZL6Ua

This unit is in GREAT condition

-Comparable Property Sales in the Building below

http://www.oahure.com/SearchMLS.php?PropertyType=CND&Status4=Sold6Months&PropertyCondition2=Above+Average&LandTenure2=Leasehold&BedsTotalMin=2&BedsTotalMax=2&BathsTotalMin=1&BathsTotalMax=1&BuildingName1=Tradewinds+Hotel+Inc&Screen=CMA

The Fine Print
Always do your own comps and rehab estimates
Must have cash/hard money/private money to close (i.e. no banks or conventional loans)
Deposit plus proof of funds needed to take properties off the market
$2500.00 deposit to open escrow
Balance of assignment fee to be placed in escrow within 3 days of clear title.
Buyers to pay ALL closing, transfer and recordation costs.

For more information:
Email RoyalWholesaleHomes@ gmail.com
or
Casey
  • do NOT contact me with unsolicited services or offers

post id: 4638119629

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