A Best Buy in Waikiki

This week’s “Best Buy” features two listing from the Waikiki Office, The Waikiki Sunset Unit 1807 and The Rosalei Ltd Unit 402. Both are true one bedroom, one bath and come with parking.
The Waikiki Sunset unit lists for $225,000 Lease Hold. The Fee has been reserved for $98,200. This brings the total Fee Simple price $323,200. The unit has a lanai with access from both the living room and bedroom. The living space gives one a unique "I'm home in paradise" feel. The building boasts good management. This is a good buy for the first-time home buyer. The unit has good potential positive cash flow for an investor and the possibility for future sales is desirable. The Waikiki Sunset has had 7 units sell in the last 6 months.
The Rosalei Ltd Unit 402 list $199.000 Fee Simple. This is a short sale. The condition is above average. It comes with a large lanai. The building is VA and FHA approved. This is a good opportunity for a renter to convert to an owner as well as an excellent opportunity for the first time home buyer. It is worth noting that the VA financing allows a no-money-down option. The unit also may meet an investor strategy who is seeking good potential cash flow. Future re-sale is also a good possibility. Sales in the Rosalei have been very active. Five units have sold since June of 2009.

If you would like any further information about these two properties or investment opportunities here in Hawaii please do not hesitate to call Abron Toure. My cell phone number is 503 475 6872.