74-5618 Palani Rd , K4

Description

This is a leasehold property. Prime Location in Kailua Kona! Kona Kai Condominiums offer a highly sought-after central location, just minutes from shopping, the post office, and the bustling downtown pier. This one-bedroom, second-floor unit is positioned in the heart of Kona Kai and features a partial mountain view from the private deck. The condo has been recently updated with new kitchen appliances, fresh paint, and a range of repairs throughout.The zoning permits short-term vacation rentals, making this an ideal opportunity. The current lease rent is $323 per month (payable every 6 months), with the lease set to be renegotiated in December 2029 and expiring at the end of 2034. Monthly maintenance fees are $529, covering landscaping, common area upkeep, trash removal, propane for cooking, hot water, and common area insurance.Kona Kai residents enjoy a community pool, BBQ area with picnic tables, and a coin-operated laundry room equipped with new machines. This property is being sold for cash, as traditional financing is not available. A great value for a centrally located home or vacation rental in the heart of Kona!?MLS listing details and public records are believed to be accurate, but cannot be guaranteed. Buyers should independently verify any information they consider essential or relevant to their purchase. Association Manager is Associa Hawaii.