74-5618 PALANI RD Unit K4, Big Island, HI 96740

Property Description

This is a leasehold property. Kona Kai Condominiums are centrally located in Kailua Kona, close to shopping and post office, and very close to the pier downtown! This is a one bedroom upstairs unit in the center of Kona Kai, with a peekaboo view from enclosed lanai that opens to living room. Fabulous value for a basic unit sold unfurnished. Zoning allows for short term vacation rental; new owner can choose to apply for STVR permit or long term tenants would love to stay. Pets allowed subject to approval of homeowners association. Current lease rent is $323 per month and will be renegotiated in 2029, with lease ending in 2034. Current maintenance fees are $508 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. Kona Kai has a nice pool and Bbq area with picnic tables and a coin operated laundry. Location, location, location! Offers are CASH ONLY; no financing available. Needs some upgrades or just TLC. Tenant occupied, so allow time for showings, 24-48 hour notice preferred. Great value for a place right in town.