Two 3-bedroom 1-bath homes on one level lot by beach. R-5 zoned 15,000 square foot property has room to potentially build another home. Front home is currently rented out for $1,600 per month and back home is rented out for $1,650 per month.
Here is your chance to learn about a great investment opportunity which will allow you or anyone you know to purchase a unique real estate investment for less cash up front with the goal of obtaining a fee simple property in the end while taking advantage of any price appreciation that may happen throughout the years while also collecting rent and with minimal risk to the investor.
Hawaii is unique in the sense that we still have some leasehold properties here across the islands. This type of ownership is where the "lessor" owns the land and the "lessee" owns the improvement (house or condo unit) on the land and pays the"lessor" a lease rent for a fixed amount of years set by a lease agreement. At the end of the lease, the land owner "lessor" may take back the improvements on the land without any compensation to the "lessee".
Kamehameha Schools, who owns a majority of these leased fee interest here for many, many years is now making their leased fee interest available to the current lessees or interested investors to purchase. This is an opportunity for investors to become the new lessor (land owner).
As the new lessor, you simply collect the current lease rent with the possibility of renegotiating the lease rent in the future for a higher amount. You pay nomaintenance fees, property taxes or any upkeep with the property for that will remain the responsibility of the current lessee providing an investor minimal expense and risk. Finally, the biggest picture of this opportunity will be at the expiration of the lease when you will be able to take back the property in fee simple ownership of the property for the price that you paid at today's leased fee value.
Win Now and Win Later
This is a great investment vehicle for those who want to transfer real estate to children or grandchildren, diversify their real estate portfolio, have a long term investment horizon to realize returns or want to purchase multiple properties with less cash upfront.
Own a piece of paradise now and sit pretty on appreciation
Please contact me for more information and an inventory sheet with over 500 of these unique real estate investment.
2008 built building in Downtown Honolulu, Hawaii which boasts many amenites. 24 hour fitness center, heated pool, theater, music room, yoga room, dog park, BBQ, club room, automobile showroom on bottom and more!!! Walk to your downtown office, restaurants, art galleries, nightlife, Chinatown, parks and shows.
Immaculate 2-bedroom, 2-bath, 2-parking unit with many upgrades. Upgrades include removal of wall between living space and den giving living area more space and an open feel, hardwood flooring, ceramic tiles, an over the range Advantium high-speed oven and microwave unit, extra cabinets under kitchen island, closet organizers in bedroom closets and much, much more. A definite must see to appreciate.
Even with the majority of Hawaii properties being of Fee Simple ownership, there are still a lot of Leasehold properties in Hawaii. Through the years, these types of properties are slowly converting over to Fee Simple ownership through the sale of the Leased Fee interest from the Lessor to the Lessee.
My company, Prudential Locations LLC has been retained by Kamehameha Schools / Bishop Estates to assist in the sale of nearly 1,000 of their leased fee assets that remain in their Oahu residential real estate portfolio. They are now being offered to the lessees and to investors.
Interested investors would have the unique opportunity to become the new Lessor (owner of land) of the property. As the new Lessor, they may take advantage of the lease rent income and zero monthly expenses while the bigger picture for investors would remain at the end of the lease when the investor would have the opportunity to take back the unit in fee simple ownership and benefit from all the appreciation that has happened over all the years.
This is the the very first time that these unique assets have ever been available to investors to purchase and as part of the sales team, I am happy to be able to offer this exclusive opportunity to you.
This type of investment is ideal for many kinds of investors, including those who:
want to purchase property or multiple properties for less cash up front than in a traditional real estate purchase
have a longer time horizon to realize investment returns
desire a real estate vehicle to transfer assests to children or grandchildren
desire diversification of their real estate portfolio
If you are interested in learning more about this investment opportunity, please email me. At that time, I can provide you with an inventory sheet and keep you updated with any future releases.
Here is your chance to own an excellent 1-Bedroom with a newer washer and dryer in the unit. Unit comes with 1 secured covered parking stall. The building is close to famous Ala Moana Shopping Center, Waikiki, beaches and parks. Maintenance fees are low at $310 per month which includes water, hot water, sewer and basic cable. It was upgraded in December 2007 with newer appliances, paint and carpet.
Immaculate 2-bedroom 2-bath in the Waipuna. Upgraded with Limestone flooring, drywalled ceiling, elaborate crown molding with recessed lighting, Maple cabinets, granite counters / backsplash and newer appliances. Situated between famous Waikiki and the Ala Moana Shopping Center, you can still enjoy the Waikiki lifestyle without having to drive through Waikiki to get home. Close to buslines, shopping, parks and beaches. Listed for $615,000.
Rising up at the gateway to famous Waikiki will be a new 16-story building with 120 units. If enough sales can be generated, construction should start late this summer with a completion date to be set sometime early 2010. Initial prices are from $292,500 for studios up to the low $500,000 for 2-bedrooms. Square footage range from 407 square feet to 703 square feet. Designs in the plan include a gym, pool and a restaurant. Centrally located by the Ala Moana Shopping Center, Hawaii Convention Center and beaches, Honolulu has a new building with an urban lifestyle.
Everything at 909 Kapiolani looks to be on schedule to be completed by the end of this year. It's really starting to take shape and it's looking really nice.
Rising 36 stories upward at the corner of Kapiolani Boulevard and Ward Avenue in Honolulu, Hawaii sits an upscale, contemporary condo named 909 Kapiolani. Situated between downtown Honolulu and Waikiki, right across the street from the Neil Blaisdell Center, you are in the perfect loaction for work and play.
One and two bedrooms starting at $550,000 and $615,000 come with 600 to 850 square of interior living space. Bringing in natural lighting with floor to ceiling double pane exterior glass. Sleek contemporary design throughout with wood cabinetry and stainless steel appliances. Modernized with Broadband connectivity and climate controlled with individual split air systems.
Relax on the recreation deck in the Jaccuzzi and pool while enjoying the landscaping and BBQ area.
Please let me know if you would like more information. Aloha!!
The market here on Oahu, Hawaii has definitly picked up. True listings are getting more offers and the inventory is shrinking. There was listing the other day that got 30 offers. You can feel the activity just by being at the office.
The first report below reflect the number of resales and the median price over a 3-month period. While the total single family resale slowed down from 913 resales (Oct 06-Dec 06) to 841 resales (Jan 07-Mar 07) there was still a slight increase of .8% in the median price.
Condos went up in resale numbers from 1,291 resales (Oct 06-Dec 06) to 1,324 resales (Jan 07-Mar 07) while the median price also went up another 1.7%.
As you can see from the 2nd report below, the months of remaining inventory went down on both single family homes as well as for condominiums by almost a month. "Months of Remailing Inventory" (MRI) around the 6-moth mark indicate a balanced market between Buyer and Seller. Anything below this mark is more favorable towards a Seller's market while anything above indicate a Buyer's market.
Another market indicator is shown at the bottom reflecting the number of acitve listings on the market. The inventory has definitely gone down telling us that Buyer demand is growing again. Single family home inventory has been shrinking for the past 4 months while the condominium inventory shrank for the past 6 months.
With our busiest season being right around the corner, summer usually being real estate's busiest season, I feel very postive about our real estate market here. The economy here is still strong (Hawaii being the lowest in unemployment rate). There is a lot of constuction still going on with a lot more being planned. Interest rates are still very low. The biggest postive factor that we have here is that this is Hawaii we're talking about. It's a very unique market with a lot of international and domestic investors and second home buyers buying into a peice of paradise.
Please let me know if you would like my Hawaii Real Estate Market updates.
Disclaimer: ActiveRain Corp. does not necessarily endorse the real estate agents, loan officers and brokers listed on this site. These real estate profiles, blogs and blog entries are provided here as a courtesy to our visitors to help them make an informed decision when buying or selling a house. ActiveRain Corp. takes no responsibility for the content in these profiles, that are written by the members of this community.
Everything at 909 Kapiolani looks to be on schedule to be completed by the end of this year. It's really starting to take shape and it's looking really nice.
;)
;)
