1031 of the Week-Condo Complex in Wailuku

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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.

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