Hilo, HI 96720,337 Ululani ST
Listed by Bob Tanaka Inc
Bought with John Riggins Real Estate
$4,600,000
Est. payment /mo
$3,988,888
15.3%
Est.Price: ?

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SOLD DATE : 02/21/2023

Key Details

Sold Price $4,600,000

Property Type Multi-Family

Sub Type Multi Family

Listing Status Sold

Purchase Type For Sale

Subdivision Hilo

MLS Listing ID 202300414

Sold Date 02/21/23

Construction Status Average Condition

HOA Y/N No

Year Built 1978

Annual Tax Amount $30,156

Property Description

GREAT INVESTMENT OPPORTUNITY-RARELY AVAILABLE! 42 UNIT APARTMENT COMPLEX in the heart of HILO. 3 story walk-up w/ 55 parking stalls. Each unit has an open lanai off of the bedroom. Third floor units offer an “OCEAN” view!
Building is comprised of: - 34 - 1 bdrm, bath – 448 sq. ft.; - 3 – 1 bdrm, bath – 536 sq. ft. (10 stack); 5 – 2 bdrm, bath – 576 sq. ft. (02 stack – floors 2 & 3; 14 stack- 3 floors).
All units electrically metered individually and furnished with a range/oven and refrigerator. A few units have a disposal.
Common laundry facility on the ground floor. Conveniently located on the corner of Ululani Street and Kukuau Street, near the center of Hilo’s business/retail and visitor districts and 10 minutes to the airport. Many long term tenants with rents below market. Visible, deferred maintenance throughout. Property to be sold in its “as is, where is” condition. SEE ATTACHED FINANCIAL INFORMATION.
Please do not bother tenants.

CURRENTLY NOT SHOWING THE PROPERTY.

Note: Zoning for the Big Island is CG-7.5 - General Commercial, 7,500 sq. ft. minimum lot size.

Location

State HI

County Hawaii

Area S. Hilo

Rooms

Ensuite Laundry Coin-operated

Interior

Laundry Location Coin-operated

Furnishings Partially

Fireplace No

Laundry Coin-operated

Exterior

Garage Assigned, Open

Community Features None

Utilities Available Above Ground Utilities, Electricity Available, Phone Available, Water Available, Sewer Connected

Amenities Available Management

View Y/N Yes

View Coastline, Mountain(s), Ocean

Parking Type Assigned, Open

Total Parking Spaces 55

Building

Lot Description Corner Lot, Irregular Lot, Level

Entry Level Three Or More

Sewer Connected

Level or Stories Three Or More

Construction Status Average Condition

Others

Tax ID 3-2-3-018-074-0000

Financing Cash

Special Listing Condition None

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Hawaii Central MLS (HiCentralMLS)
Lex Ferguson

Agent | License ID: RS-78101

+1(808) 277-4715 | lex@lifeonoahu.com

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