74-5618 Palani Rd UNIT K4
$159,500
Price:
$159,500
Bedrooms:
1
Bathrooms:
1
MLS:
(ACTIVE) 711037
Interior Area:
535 sqft
Price/sqft:
$298
Year Built:
1969
Lot Size:
sqft
Land Tenure:
Leasehold
Property Type:
Condominium
On Market:
Jun 10, 2024
Updated:
Jun 10, 2024
Total Monthly Fees:
$529
Foreclosure:

Listing Remarks

This is a leasehold property. Location, location, location! Kona Kai Condominiums are centrally located in Kailua Kona, close to shopping and post office, and very close to the pier downtown! This is a one bedroom second floor unit in the center of Kona Kai, with a partial mountain view from the deck. Fitted with new kitchen appliances, freshly painted, as well as numerous repairs made around the unit.

Zoning currently allows for short term vacation rental. Current lease rent is $323 per month (paid to lessor every 6 months), and is expected to be renegotiated in Dec 2029, with the current lease expiring at the end 2034. Current maintenance fees are $529 per month and include landscaping, common area maintenance, trash, propane gas for cooking, hot water, and common area insurance. Kona Kai has a nice pool and BBQ area with picnic tables, and a coin operated laundry with new machines. Priced for CASH sale as traditional lender financing is not available. Great value for a place right in town.

MLS listing information and Public Records are thought to be reliable but cannot be guaranteed. Buyers should verify any information they deem important or material to their purchase. Complex Management is though Associa Hawaii.

Property Location