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MLS: 701649
Condo: Kona Kai #A3
Asking Price: $165,000 Leasehold
Sold Price: $165,000
Sold Date: 04/10/2023
Type: Condo/Residential Condo
District: North Kona
Street: 74-5618 Palani Rd
Neighborhood: Kona Industrial Subdivision
Monthly Association Fee: $515.71
Beds: 1   Baths: 1
Living Area: 480 SF

Pool: Yes
Parking: Assigned
Days on Market: 435
Year Built: 1969
Zoning: CV-10
Roads: Paved
Property Taxes: $1,208,.66
Assessed Value: $98,400
Assessed Ratio: 167.68%
Listing Courtesy: Kona Pacific Realty
Terms Acceptable: Cash,1031 Exchange
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Poplar Vacation Rental

This is a Leasehold Property, CASH offers only.

Are you looking for a piece of paradise to call your own? Look no further than Unit A-3 in Kona Kai. This stunning 1 bedroom, 1 bath unit was recently remodeled in 2021 and is a very active vacation rental.

The open and modern unit features a comfortable and stylish living area, a fully equipped kitchen with a gas range, and a luxurious bathroom. The bedroom offers a peaceful oasis for you to rest and relax overlooking the pool after a day of adventure.

But what truly sets Unit A-3 apart is its prime location within Kona Kai. You'll enjoy breathtaking views of the pool from your private balcony, and Kona's amenities are just steps away. Imagine waking up each morning to the sound of the gentle pool water and the warm sun shining through your windows.

Kona Kai has a central location, offering a wide range of activities and amenities for its residents. Take a dip in the refreshing pool, or the ocean which is just a block away. Conveniently located close to grocery stores and restaurants.

Investing in Unit A-3 means investing in a piece of paradise that you can enjoy year-round. Whether you're looking for a primary residence, a vacation home, or an investment property, this unit offers endless possibilities.

Current lease rent is $323 per month and will be renegotiated in 2029, with lease ending in 2034. Current maintenance fees are $515 per month and include landscaping and common area maintenance, rubbish removal and quarterly pest control, gas for cooking and hot water, water heaters, pool maintenance, exterior maintenance and common area insurance. Lease rent is currently $323 per month, paid to lessor every 6 months.

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