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MLS: 702301
Condo: Kona Islander Inn #119
Asking Price: $199,900 Leasehold
Sold Price: $199,900
Sold Date: 01/12/2024
Type: Condo/Residential Condo
District: North Kona
Street: 75-5776 Kuakini Hwy
Beds: 0   Baths: 1
Living Area: 372 SF

Pool: Yes
Parking: Unassigned
Days on Market: 350
(The Price of the property was lowered by $60,100 on 11/21/2023)
Year Built: 1969
Zoning: V-.75
Roads: County
Land Recorded: Regular
Property Taxes: $1,745,.42
Assessed Value: $142,100
Assessed Ratio: 140.68%
Listing Courtesy: Real Broker LLC
Terms Acceptable: Cash
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56 years left on this leasehold!!

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

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