This property was sold November 26, 2021 for $182,500
Description
Great investment opportunity right next door to the world famous Ala Moana Shopping Center, Hawaii Convention Center, and Ala Moana beach park! This fully furnished studio is in the rarely available ocean side Kona Tower which tends to earn higher revenues since it is booked more frequently and has less competition. Unit features a beautiful ocean view, queen size bed and sofa sleeper to comfortably sleep 4 people, and fully furnished ready for hotel guests. Enjoy the amazing amenities on site such as the pool, lounge, gym, spa, valet, mini-mart, nightclub, restaurants, and more. Maintenance fee includes all utilities: cable, electricity, hot water, internet, and sewer. Come take a look today!
HOA Fees Include: AC Central, Cable TV, Electricity, Hot Water, Internet Service, Other Common Expenses, Sewer, Water
Zoning: 33 - BMX-3 Community Business M
View: Coastline, Marina/Canal, Ocean, Sunset
Owner Occupancy: 1%
Management Company: Hawaiiana
Security Features: Card, Keyed Elevator, Security Patrol, Video
Amenities: Community Laundry, Concierge, Doorman, Exercise Room, Fire Sprinkler, Heated Pool, Patio/Deck, Pool on Property, Restaurant, Sauna, Security Guard, Valet, Wall/Fence
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on August 13, 2022. Information is deemed reliable but not guaranteed.
Built in 1968 with 1150 Units on 36 Floors, Studio and 1 & 2BR Floor plans, Pets: No.
Amenities include Pool, Gym, 3 Restaurants, Nightclub, Sauna, Concierge, Doorman, Valet, Business Center.
When the Ala Moana Hotel Condo first went onto the market, they attracted over 17,000 buyers for the 1150 units!
About Ala Moana Hotel Condo The changing of the Ala Moana Hotel into a condotel in 2005 - named the Ala Moana Hotel Condo - was the largest conversion ever done in Hawaii. It attracted a huge crowd of interested buyers to the initial viewings and sales. Units went quickly and for a good price. No one saw the 2008 economic collapse coming over the horizon.
In the wake of that major downturn, the units' values also dropped, but the early buyers were partly protected by the fact that, as hotel rooms, they still produced a decent income. The Hawaii tourist industry wasn't affected as badly by the e....click here to read more
Sold 11/26/21 at $182,500 (List Price: $180,000)
Description
Great investment opportunity right next door to the world famous Ala Moana Shopping Center, Hawaii Convention Center, and Ala Moana beach park! This fully furnished studio is in the rarely available ocean side Kona Tower which tends to earn higher revenues since it is booked more frequently and has less competition. Unit features a beautiful ocean view, queen size bed and sofa sleeper to comfortably sleep 4 people, and fully furnished ready for hotel guests. Enjoy the amazing amenities on site such as the pool, lounge, gym, spa, valet, mini-mart, nightclub, restaurants, and more. Maintenance fee includes all utilities: cable, electricity, hot water, internet, and sewer. Come take a look today!
The MLS properties are based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on August 13, 2022. Information is deemed reliable but not guaranteed.
Built in 1968 with 1150 Units on 36 Floors, Studio and 1 & 2BR Floor plans, Pets: No.
Amenities include Pool, Gym, 3 Restaurants, Nightclub, Sauna, Concierge, Doorman, Valet, Business Center.
When the Ala Moana Hotel Condo first went onto the market, they attracted over 17,000 buyers for the 1150 units!
About Ala Moana Hotel Condo The changing of the Ala Moana Hotel into a condotel in 2005 - named the Ala Moana Hotel Condo - was the largest conversion ever done in Hawaii. It attracted a huge crowd of interested buyers to the initial viewings and sales. Units went quickly and for a good price. No one saw the 2008 economic collapse coming over the horizon.
In the wake of that major downturn, the units' values also dropped, but the early buyers were partly protected by the fact that, as hotel rooms, they still produced a decent income. The Hawaii tourist industry wasn't affected as badly by the e....click here to 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. However, the sale is still 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.
