98-145 Lipoa Place , A301

Description

Great Investment opportunity in the only Hotel in the area, close to Pearl Harbor, the airport, and Pearlridge Center shopping mall. All hotel units are 2 bedrooms, 1 bathroom, 1 parking, with living room, full kitchen, fully furnished, with cleaning and laundry services. Hotel guests can enjoy the pool, barbeque area, and walking/jogging path just outside the property. Some units have been renovated, as shown in the photos. Unit 301 is under renovation, scheduled to be finished in early 2023 with finishes similar to that pictured. Management provides approximately $3,000 per quarter to owner. This amount fluctuates depending upon occupancy of the entire hotel, and is not based upon whether the particular owned unit is rented. Thus, the owner receives the amount, as determined by the board, regardless of whether the owned unit is under renovation. Management pays hotel expenses, which include all utilities, maintenance, cleaning, guest services, and bookings. Owner is responsible for property taxes. This unit is priced at tax assessed value. Unit 309 is also available for sale, see MLS 202225373. As this is a hotel apartment, use is for hotel guests, not for owner occupancy.