1031 of the Week-Condo Complex in Wailuku

This week’s 1031 of the Week is an apartment complex in theWailuk area of Maui. There are 16 one bedroom units in the complex. They currently generate $9,850 a month. The owner is currently going through the CPR Process. This would convert the apartments in to condominiums. If the CPR is completed, a new buyer may have the option to sell the units individually in the future. This property is listed through Century 21 All Islands for $1,985,000. The Jalbert brothers may represent you as buyer’s agents. This property sold! Contact The Maui Real Estate Team for assistance identifying other potential 1031 properties.