74-5618 Palani Rd #D2
Kailua Kona, HI 96740

This is a leasehold property. Price reduction! This in-town location has freshly painted walls, doors, trim and kitchen cabinets. Bathroom has a walk-in shower and the condo comes furnished and is in the heart of Kailua-Kona. Parking is close to the condo. Complex uses gas stoves and has a building gas on demand hot water heater. The gas is paid for in the maintenance fees so your monthly electric bill will be less then most other condos. When paying cash for the condo, your monthly out-of-pocket currently for lease fees, maintenance fees and investor rate property taxes ($109) is $1,112 plus insurance, electric and cable/internet. The laundry is coin operated and located by the pool and mailboxes, it is very nice and well kept. This is a pet friendly project for one pet with board approval. The nearest grocery store is right next door to this complex and the nearest pharmacy, post office and bank are across the street so a car may not be necessary! The leasehold term means you only lease the land the condo sits on and someone else owns it that you pay a lease fee to. The land lease expires in 2034 and may not be renewed. The lease fee when calculated is $372 per month, however it is paid every 6 months. In addition there are also association maintenance fees monthly of $622. Home inspection and sellers disclosure are available. The association does their own termite treatment so not TIR provided.