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MLS: 666736
Condo: Kona Kai #K4
Asking Price: $101,000 Leasehold
Sold Price: $100,000
Sold Date: 06/08/2023
Type: Condo/Residential Condo
District: North Kona
Street: 74-5618 Palani Rd
Neighborhood: Kona Industrial Subdivision
Beds: 1   Baths: 1
Living Area: 535 SF

Parking: Assigned
Days on Market: 520
(The Price of the property was lowered by $20,000 on 04/16/2023)
Year Built: 1969
Zoning: CV-10
Roads: Paved
Property Taxes: $1,174
Assessed Value: $95,600
Assessed Ratio: 105.65%
Listing Courtesy: Paradise Found Realty
Terms Acceptable: Cash,Open,PMM
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KONA KAI K-4 Move right in, heart of Kailua Kona

Now vacant and easy to show! This is a leasehold property. Freshly painted! 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 upstairs unit in the center of Kona Kai, with a mountain view from enclosed lanai that opens to living room. Fabulous value for a one bedroom unit sold unfurnished. Zoning allows for short term vacation rental; new owner can choose to apply for STVR. Pets allowed subject to approval of homeowners association. Current lease rent is $323 per month paid to lessor every 6 months, and will be renegotiated in Dec 2029, with lease ending at the end 2034. Current maintenance fees are $508 per month and include landscaping and common area maintenance, rubbish removal and quarterly pest control, propane gas for cooking and hot water, water heaters, pool maintenance, exterior maintenance and common area insurance. Kona Kai has a nice pool and Bbq area with picnic tables and a coin operated laundry. Location, location, location! Offers are CASH ONLY; no financing available. Great value for a place right in town.

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