Hawaii Living

Kona Islander Inn #119 (Kona)

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75-5776 KUAKINI HWY #119, Kona

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Description
This is a leasehold property. One of the BEST income properties available for the price, with a good return on investment. Successful vacation rental with 56 years left on the current leasehold. Unit 119 has a great rental history and 5 star reviews. Completely turnkey and ready to go ! Start making money right away! Very nice and popular unit, turnkey and in top condition, located in the well liked and charming Kona Islander Inn condo hotel in the heart of Kailua-Kona by the ocean. The unit is well equipped with an air conditioner, microwave, small fridge, and linens. The Kona Islander Inn has tropical landscaping, pool & spa, 2 BBQs, and front desk staff who can manage check in & outs if needed. This prime downtown Kona location is close to restaurants, beaches, Pier, volleyball courts, and has direct access to Alii drive and Kuakini Hwy. On-site laundry room accessible by key card.

Designated as a Hotel and DOES NOT need a vacation rental permit !

The maintenance fees include electricity, water & sewer, trash, basic cable, high speed internet, and all exterior and grounds maintenance.

MLS # 702301
Past Activity
  • Jul 21, 2024 Off Market
  • Jan 12, 2024 Sold for $199,900
  • Dec 04, 2023 Under Contract
  • May 01, 2023 Listed at $199,900
  • Jul 05, 2021 Sold for $129,500
  • May 13, 2021 Under Contract
  • May 11, 2019 Listed at $145,000
More Details
  • HOA Fees / ft²: $1.96
  • Price / ft²: $537
  • Zoning: V-.75
  • View: Garden
  • Amenities: Microwave, Other, Refrigerator
  • TMK: 3750080030033
  • Tax Assessed Value: $142,100
  • Courtesy: Real Broker LLC
  • MLS: 702301
Good to Know
Note: This page displays all condos for sale in Kona Islander Inn.
MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2024 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on November 08, 2024.
Other Kona Islander Inn Listings
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Leasehold
$199,000
Kona Islander Inn #323
Studio | 1 Ba
372 ft²
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Leasehold
$240,000
Kona Islander Inn #339
Studio | 1 Ba
372 ft²
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Leasehold
$249,500
Kona Islander Inn #228
Studio | 1 Ba
372 ft²
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Leasehold
$262,500
Kona Islander Inn #341
Studio | 1 Ba
372 ft²
Other Big Island Condos
  • Sold 1/12/24 at $199,900
    (List Price: $199,900)
Description
This is a leasehold property. One of the BEST income properties available for the price, with a good return on investment. Successful vacation rental with 56 years left on the current leasehold. Unit 119 has a great rental history and 5 star reviews. Completely turnkey and ready to go ! Start making money right away! Very nice and popular unit, turnkey and in top condition, located in the well liked and charming Kona Islander Inn condo hotel in the heart of Kailua-Kona by the ocean. The unit is well equipped with an air conditioner, microwave, small fridge, and linens. The Kona Islander Inn has tropical landscaping, pool & spa, 2 BBQs, and front desk staff who can manage check in & outs if needed. This prime downtown Kona location is close to restaurants, beaches, Pier, volleyball courts, and has direct access to Alii drive and Kuakini Hwy. On-site laundry room accessible by key card.

Designated as a Hotel and DOES NOT need a vacation rental permit !

The maintenance fees include electricity, water & sewer, trash, basic cable, high speed internet, and all exterior and grounds maintenance.

MLS # 702301
    MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2024 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on November 08, 2024.
    • Jul 21, 2024 Off Market
    • Jan 12, 2024 Sold for $199,900
    • Dec 04, 2023 Under Contract
    • May 01, 2023 Listed at $199,900
    • Jul 05, 2021 Sold for $129,500
    • May 13, 2021 Under Contract
    • May 11, 2019 Listed at $145,000
    Note: This page displays all condos for sale in Kona Islander Inn.
    Other Kona Islander Inn Listings
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    Leasehold
    $199,000
    Kona Islander Inn #323
    Studio | 1 Ba
    372 ft²
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    Leasehold
    $240,000
    Kona Islander Inn #339
    Studio | 1 Ba
    372 ft²
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    Leasehold
    $249,500
    Kona Islander Inn #228
    Studio | 1 Ba
    372 ft²
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    Leasehold
    $262,500
    Kona Islander Inn #341
    Studio | 1 Ba
    372 ft²
     
    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.
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    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.
    Learn about property tax rates.