Bought with John Riggins Real Estate
For more information regarding the value of a property, please contact us for a free consultation.
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
Read Less Info
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
