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MLS: 702356
Condo: Kona Kai #A5
Asking Price: $168,000 Leasehold
Sold Price: $164,000
Sold Date: 07/19/2023
Type: Condo/Residential Condo
District: North Kona
Street: 74-5618 Palani Rd
Neighborhood: Kona Industrial Subdivision
Beds: 1   Baths: 1
Living Area: 480 SF

Pool: Yes
Parking: Assigned
Amenities: Community Laundry,Landscaped
Days on Market: 351
Year Built: 1969
Zoning: CV-10
Roads: Paved
Land Recorded: Regular
Property Taxes: $260,.58
Assessed Value: $114,500
Assessed Ratio: 146.72%
Listing Courtesy: Kona Pacific Realty
Terms Acceptable: Cash
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Newly renovated condo in downtown Kona

This is a leasehold property. CASH offers only.

Welcome to this beautifully renovated leasehold condo in Kona Kai! This one-bedroom, one-bathroom unit has been completely updated with new fixtures, cabinets, appliances, lights, and stunning stone countertops.

Enjoy breathtaking views from the lanai that overlooks the pool and boasts a small ocean view, making it the perfect place to relax and unwind.

This complex allows for short-term vacation rentals, making it an ideal investment opportunity. Laundry facilities are available on-site for your convenience, and the HOA fees cover gas for the stove, further adding to the value of this property.

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 the lessor every 6 months.

Located in the heart of Kona, this condo offers convenience and affordability. Don't miss out on the opportunity to own a piece of paradise in one of Hawaii's most desirable locations.

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