Kona Islander Inn | MLS 270885 | Offered at: $69,999 (Leasehold)
Kona Islander Inn in Kailua Village
Kona Islander Inn is a plantation style “condo hotel” conveniently located in the heart of Kailua Village. Positioned between Ali’i Drive and Kuakini Highway, the hotel is popular with budget-minded individuals seeking comfortable accommodations near the ocean and activities. A number of eateries and markets are located within just a few hundred feet of the inn. Access to the entire Village is yours within about 1500 feet.
The 145 studio units at Kona Islander Inn are located in seven 3-story buildings, each named after one of the Hawaiian Islands. Paths flow though the lush tropical landscape connecting the buildings as well as the hotel lobby, the pool and Ali’i Drive. At night, tiki torches placed throughout the property give the it that extra special Hawaiian feeling.
Kona Islander Inn is a leasehold property which helps keep prices for attractive to cash investors. The land lease for this project does not expire until 2079, making it one of the longest in Kona. With its history as a hotel and with several different rental programs available, there are many options to meet the owner’s specific needs. Another benefit is that the HOA fee covers all utilities so owners can easily budget and won’t have surprises.
Unit #339 is a desirable top floor garden view unit in the Oahu Building. At $69,999, the asking price is lower than any other unit currently available. Unit #339 has a kitchenette and good sized lanai and is being sold unfurnished so the new owner can add their own touches. For details about this listing click here.