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6The Kauai InnOver 100 Years of Aloha on the Garden Island...it's The Kauai Inn!
$11,500,000 Cash Flow: $723,620
The Kauai InnOver 100 Years of Aloha on the Garden Island...it's The Kauai Inn!

Lihue, HI

On three tropical acres at the end of Nawiliwili Bay, our plantation style Inn was the first on Kauai and retains a sleeping old Hawaiian charm. Days with John Wayne and the cast of Donovan's Reef relaxing poolside talking story with guests. The Kauai Inn was moved to Kalapaki Beach in the sixties and in 1989 underwent a three million dollar renovation. Soon after Hurricane Iniki in 1991, the Mcknight family purchased the hotel and spent over seven years rebuilding, moving buildings, bringing the wood floors and the Kauai Inn back to life with just a few helpers and their family of five. The Kauai Inn is still family owned and operated. All guest rooms have up to date amenities plus a microwave and small refrigerator, LCD flat screens, AC, WIFI, and includes a light continental breakfast pool side each morning. In January, Kauai Inn was chosen to be on the Travel Channel to air in May. For six days crew of 16 from New York were on property filming the beauty of our Kauai Inn. We were advised by their professionals our room rates need to be increased from $139 to $250-$500 per night during peak season and market activities. In the 2015 Fall issue of Journal Society for Commercial Archeology, a six page article, "Different Versions of Paradise", by Keith A. Sculle features the Kauai Inn's history and up to the present. The Kauai Inn's 48 units were CPR'd by a prior owner. This means each room has it's own real property tax map key number and is considered to be a condo. The County of Kauai would never allow this today! When moving to Kauai, we attempted to purchase commercial real estate and found it impossible. Property is seldom sold as it can not be replaced so it stays in the ownership of local families. Many properties are "lease hold" in which the owner of the land allows the investor to build, collects monthly monies from the land lease for 50-80 years and then retains the building when the lease is completed That being said, Kauai Inn is a very unique opportunity on fee simple land with many possibilities other than hotel use. Yoga, natural healing, business retreats, weddings, 401K investment for retirement are also a few options on the operation and investment side. We are in our early seventies and after 32 years on Kauai and now spend eight months of the year in Washington State enjoying a grand child and hot rod events events. Our eldest son and daughter-in-law have continued to manage and oversee Kauai Inn along with our other properties in Poipu. In their forties and residing on the beautiful manager's house, they have other dreams of their own. This two story manager's home has three bedrooms and two and half bathrooms, 1200 sq. ft., plus decks and lanis, hardwood and tiled floors, cherrywood cabinets, granite counter tops and stainless steel appliances. Lower level has a one bedroom apartment and/or shop. These life changes have lead our family to this decision to sell our Kauai Inn. The Kauai Inn is a very well maintained property and in the past two years we have put over $268 thousand dollars in improvements. Our family takes pride in ownership and always keep up our property.

Rental Property PRICE INCLUDES HI Multi-Unit Luxury Real Estate
$2,799,000 Cash Flow: $250,000 Seller Financing
Rental Property PRICE INCLUDES HI Multi-Unit Luxury Real Estate

Haiku, HI

*This opportunity qualifies for financing through conventional loan or mortgage at lower real estate interest rates.* REAL ESTATE VALUE APPRAISED AT $3,450,000 INCLUDED IN $2,799,000 ASKING PRICE. This is a one a kind multi-unit luxury property on the North Shore of Maui with investment income being derived from long term rentals. Property produces $275,000 plus per year from rental income. Real estate achieved appraisal value of $3,450,000 in 2016 (values have climbed 15% in the area since). This is the perfect opportunity for a buyer looking to move to paradise and live in one of the units cost free with the 2 other units covering housing (plus a healthy monthly cash flow from the rents for personal expenses).The value proposition is the discounted real estate and owner is using BizBuySell as a marketing venue to avoid agent commissions to offset the huge price drop on the real estate. (Note, as a purchase as primary or second home interest rates are well below SBA loans, therefore, with 20% down payments are around 11k per month (long terms rents are around twice that)). Property is being sold at a large discount to the appraisal value to encourage quick sale as owner is overextended on another project. In short, rentals are included AT NO COST and purchase involves buying real estate only at DISCOUNT to appraisal value. Property Details: Property located at incredible North Shore location 20 minutes east of airport. Centrally located for easy access, to beaches, golf, waterfalls, ziplining, great dining, and more. High desirable area and a one of a kind property. The grounds of this prestigious property are like an arboretum with mature fruit trees, towering pines, exotic flowers and many varieties of specimen plants. An amazing opportunity to own one of Maui’s most exclusive residences with the option of personal residence or to maintain as cash flow property or even both - live in one unit and rent the others. Featured in Hawaii Home and Remodeling Magazine, this property is a richly appointed, gated compound that merges the authentic natural serenity of Maui's North Shore with the highest quality new construction. Located on over 2 lush and manicured acres at the end of a quiet cul de sac, it is only minutes from stunning beaches, popular beach towns and marquee dining. This estate offers a spacious and opulent villa, beautiful cottage, and large contemporary apartment connected by large covered exterior breezeway. The property features a personal fitness room, a movie theater, outdoor kitchen, treehouse gazebo and a massive terraced deck with saline pool and water slide. Building materials including semi-precious minerals and metals were artistically sourced from around the world and simply cannot be replaced or recreated at this price point. Other highlights include central A.C., large grid tie in solar system, solar hot water, outdoor lighting, custom stone driveway and so much more. Property is sold fully turn-key w systems in place. All three units on the property have top of the line central air conditioning systems and other recent improvements. All new construction w approved and completed permits, completed in 2013: Seller is offering real estate in this transaction at a discount to appraisal value only. Rental information, pipeline for future rentals and marketing material are bring offered as a courtesy. Please email for more information and include phone number in your inquiry. ** Seller open to trade with similar value asset/simultaneous 1031. Also, as noted above this opportunity could be purchased as a primary (if moving to property) or second home through convention loan/mortgage loan at low real estate interest rates w 10-20% down rather than SBA or other financing (real estate value exceeds asking price, home will easily appraise, and no value assigned to the goodwill and rentals.)


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