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CASH COW Multi-Unit Luxury Rental Property! WILL SELLER FINANCE

Maui County, HI

Seller Financing Available
CASH COW Multi-Unit Luxury Rental Property! WILL SELLER FINANCE
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Asking Price: $2,250,000

Cash Flow: $120,000

Gross Revenue: $200,000

EBITDA: N/A

FF&E: N/A

Inventory: N/A

Real Estate: $3,450,000

Established: N/A

CASH COW Multi-Unit Luxury Rental Property! WILL SELLER FINANCE

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Business Description

REAL ESTATE VALUE APPRAISED AT $3,450,000 INCLUDED IN $1,995,000 ASKING PRICE. This is a one a kind multi-unit luxury property on the North Shore of Maui. Instead of buying a business so that you can transition to Maui and cover your costs, why not just buy a residential property that achieves the same goal and retire? Allow your tenants pay your mortgage, live in one of the 3 units, and use the left over cash flow to cover your living expenses like I have done. Real estate achieved 2016 appraisal value of $3,450,000 (values have gone up 10% since that time in the area), County appraised value is $2,674,000. Property is being sold at a large discount to the appraisal value to encourage quick sale as owner is moving to mainland and urgently needs lump sum of cash to complete another investment. In short, current leases from tenants are included AT NO COST and purchase involves buying real estate only at DISCOUNT to appraisal value. You live FOR FREE and generate cash flow in the meantime. Owner will provide substantial seller financing, amount and terms negotiable for qualified buyer.

Property Details: Property located at incredible North Shore location 20 minutes east of airport. Centrally located for easy access, to beaches, golf, waterfalls, ziplining, great dining, and more. High desirable area and a one of a kind property. The grounds of this prestigious property are like an arboretum with mature fruit trees, towering pines, exotic flowers and many varieties of specimen plants. An amazing opportunity to own one of Maui’s most exclusive residences with the option of personal residence or to maintain as cash flow property or even both - live in one unit and rent the others. Featured in Hawaii Home and Remodeling Magazine, this property is a richly appointed, gated compound that merges the authentic natural serenity of Maui's North Shore with the highest quality new construction. Located on over 2 lush and manicured acres at the end of a quiet cul de sac, it is only minutes from stunning beaches, popular beach towns and marquee dining. This estate offers a spacious and opulent villa, beautiful cottage, and large contemporary apartment connected by large covered exterior breezeway. The property features a personal fitness room, a movie theater, outdoor kitchen, treehouse gazebo and a massive terraced deck with saline pool and water slide. Customizations include a Red Dragon Onyx light up bar, mother of pearl inlaid walls, and koa floors. A natural stream below property adds to its overall ambiance and tranquility. Building materials including semi-precious minerals and metals were artistically sourced from around the world and simply cannot be replaced or recreated at this price point. Other highlights include central A.C., large grid tie in solar system, solar hot water, outdoor lighting, custom stone driveway and so much more. Property is sold fully turn-key w staff and systems in place. All three units on the property have top of the line central air conditioning systems and other recent improvements. All new construction w approved and completed permits, completed in 2013. Seller is offering real estate in this transaction at a discount to appraisal value only. Please email for more information and include phone number in your inquiry. ** Seller open to trade or simultaneous 1031.

Detailed Information

Location:
Maui County, HI
Real Estate:
Owned
Included in asking price
Building SF:
7,000
Employees:
1
Financing:
Seller will finance qualified buyer w reasonable down payment.
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