74-5618 Palani Rd APT K4, Kailua Kona, HI 96740

This is a leasehold property. Prime location! Kona Kai condominiums are an affordable option located in the heart of Kailua-Kona and walking distance to various kinds of shopping (including Groceries, Drug Store, etc.), Alii Dr restaurants, the bay front and pier. This one-bedroom second-floor unit features a partial mountain view from the lanai. The condo has been recently updated with new propane range and refrigerator, freshly painted, and other minor repairs. Kona Kai residents enjoy a community pool, BBQ area, and a coin-operated laundry room equipped with new machines. This property is priced for a cash sale, as traditional financing is not available. The zoning currently permits short-term vacation rentals, making this an ideal opportunity. A great value for a centrally located property! Monthly maintenance fees are showing as $625.09 (subject to change) covering landscaping, common area upkeep, trash removal, propane for cooking, hot water, and common area insurance. The current land lease rent is approx $3,786 a year, (half paid in January, half paid in July). Current land lease expires at the end of 2034. Management: Associa Hawaii. 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.