This is a leasehold property. Best income producing property in Hawaii ? Close to 10-15% Return on Investment. Over $20000/year income possible. Prime location in the complex. Nice and popular ground floor pool view unit, located in the popular and charming Kona Islander Inn condo hotel in the heart of Kailua-Kona by the ocean. The KII is a very popular smaller resort with a lush garden and charming buildings and lobby. Designated as a Hotel and DOES NOT need a vacation rental permit ! Unit 116 has a great rental history and reviews. Booked through May, earning great income ! The unit was renovated a few years ago with a new kitchenette and granite counter tops, and tiled bath. Older tiled floor, easily replaced. Furniture is included. ALL utilities such as Electric, water, Cable and Internet included in HOA fee. This Leasehold Complex has a Lease Contract that doesn't Expire until 2079.
Built: 1969, 145 Studio & 1BR Units in 7 3-Story Buildings on 2.35 Acres.
Amenities: Pool, Hot Tub.
Short-term Vacation Renting: Allowed.
Developer: Kona Islander Inn Corp.
The Kona Islander Inn is just across the street from Kalaepaakai Beach, with only 50 yards between the condos closest to Alii Dr and the ocean waters.
The studio and one bedroom condos have interiors of 342 to 529 Sq Ft with one covered lanai on the outside. There are only two one bedroom floor..... Read more.
This is a leasehold property. Best income producing property in Hawaii ? Close to 10-15% Return on Investment. Over $20000/year income possible. Prime location in the complex. Nice and popular ground floor pool view unit, located in the popular and charming Kona Islander Inn condo hotel in the heart of Kailua-Kona by the ocean. The KII is a very popular smaller resort with a lush garden and charming buildings and lobby. Designated as a Hotel and DOES NOT need a vacation rental permit ! Unit 116 has a great rental history and reviews. Booked through May, earning great income ! The unit was renovated a few years ago with a new kitchenette and granite counter tops, and tiled bath. Older tiled floor, easily replaced. Furniture is included. ALL utilities such as Electric, water, Cable and Internet included in HOA fee. This Leasehold Complex has a Lease Contract that doesn't Expire until 2079.
Built: 1969, 145 Studio & 1BR Units in 7 3-Story Buildings on 2.35 Acres.
Amenities: Pool, Hot Tub.
Short-term Vacation Renting: Allowed.
Developer: Kona Islander Inn Corp.
The Kona Islander Inn is just across the street from Kalaepaakai Beach, with only 50 yards between the condos closest to Alii Dr and the ocean waters.
The studio and one bedroom condos have interiors of 342 to 529 Sq Ft with one covered lanai on the outside. There are only two one bedroom floor..... Read more.
You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
Buyer and Seller have reached an agreement and are under contract. The sale may be subject to one or more contingencies.
We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000. Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
Other fees could be a special assessment, reserve contributions etc.
DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
