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This Week's BEST BUY in Maui Real Estate~ A great investment property in Wailuku Town!

Fine Island Properties has teamed up with Paul Parsons of Hawaii's Mortgage Consultants to bring what we consider to the current BEST BUYS in the Maui Real Estate market.

This week, we are bringing you ONE BEST BUY~ one GREAT DEAL. This is a "pocket listing", which means you won't find it listed on the open market. We are focusing on this one deal this week, because we hope to focus your attention on the great possibilities of this property:

  • Rare 6 unit condo complex in Wailuku with approximately $80,000 net income per year.
  • There are three 3bd/1ba units and three 1bd/1ba units.
  • Asking price is $1.3 million.

Here are some more numbers to help you see why this works:

Gross Income $104,520
Expenses
Electric $7,800
Trash and Landscaping by Tenant $720
Water paid every other month $1,800
Insurance $5,000.04
$344.40 GET tax monthly (gross receipts bus tax) $4,132.8
Property Tax $4,333.76
$300 per year pest control $300
$150 per year Fire inspector. Inspects monthly $150
Total Expense $24,236.60
Net $80,283

For other great deals on Maui, visit our website at www.FineIslandProperties.com!

Call Aran I. Parsons R (B), ABR at (808) 280-6911 or Gina Duncan R (S), ABR at (808) 250-9858

Posted Sunday May 18

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