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SOLD
MLS: 604343
Condo: Kona Kai #B8
 
Asking Price: $60,000 Leasehold
Sold Price: $60,000
Sold Date: 05/10/2017
Type: Condo/Residential Condo
District: North Kona
Street: 74-5618 Palani Rd #b8
Neighborhood: Kona Industrial Subdiv
Beds: 2   Baths: 1
Living Area: 616 SF

Pool: Yes
Parking: Assigned
Amenities: Deck/Lanai/Balcony,Landscaped,Sprinkler System-Lawn,Smoke/Heat Detector
Days on Market: 2614
(The Price of the property was lowered by $5,000 on 03/07/2017)
Year Built: 1969
Zoning: CV-10
Roads: Curbs/Gutters,Major Thoroughfare,Paved,Street Lights
Land Recorded: Regular
Property Taxes: $524
Assessed Value: $45,900
Assessed Ratio: 130.72%
Listing Courtesy: Island Home Realty, Inc.
Terms Acceptable: Cash
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2b/1b Kona Kai

LOCATION! LOCATION! Affordable and quiet condo complex in the heart of downtown Kailua-Kona in great condition. Beautiful landscaping, assigned parking. Can be used as a vacation rental or long term rental. 2 bedroom, 1 bath, 616 sq ft - Nice two bedroom one bath condo on the second floor end unit with garden view and assigned parking just steps away from your front door. Nice grounds, quiet neighbors, 2 small pets allowed with board approval. Located next door to Kona Coast Shopping Center, KTA grocery and several other shopping centers across the street. Walking distance to the beach, restaurants, downtown shops and fun activities. Enjoy the outdoor swimming pool to cool down on those hot Kona days with a cold drink while enjoying the beautiful Kona sunshine on your screened in lanai. Coin laundry facilities available on site along with postal delivery as well.Conveniently located in downtown Kailua-Kona. Great investment property for long term rentals or for anyone hating their commute to town everyday.. This is LEASEHOLD property with lease rent due bi-annually.

Leasehold Details:
Reneg: 2029
LH Exp. Date: 2034
LH Rent: $190 monthly

Current Taxes: $524
Terms Accept.: Cash
Monthly Maint.: $584
CC&R\'s: Yes
Monthly Assessment $341.25 (3/17 - 6/17) Includes resurfacing both parking lots, lanai repairs, and water backflows on 10 of the 12 buildings. Kona Kai is in much better shape than ever before. Great owners and board members.

Maintenance fees include water, sewer, trash refuse, landscaping, building maintenance,, Pest control. 8 of 12 roofs have been replaced so far. The last 4 done 2017.
Utilities/Features:
Internet Avail: Cable, wireless
Telephone Avail: Cell
Water: Municipal
Power: Gas, electric
TV Avail: Cable
Wastewater: Sewer-Connected
Pool: In Ground, Outdoor
Appliances: Disposal, Refrigerator, Range/Oven
SOLD AS IS


 
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