Description
GREAT INVESTMENT OPPORTUNITY - RARELY AVAILABE! 42 UNIT APARTMENT COMPLEX in the heart of HILO. 3 story walk-up 2/55 parking stalls. Each unit has an open lanai off of the bedroom. Third floor units offer an "OCEAN" VIEW! Building is comprised of: 35 - 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.
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1BEDS
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1.25ACRES
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1BATHS
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01/2 BATHS
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448SQFT
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$0$/SQFT
School Ratings & Info
Description
GREAT INVESTMENT OPPORTUNITY - RARELY AVAILABE! 42 UNIT APARTMENT COMPLEX in the heart of HILO. 3 story walk-up 2/55 parking stalls. Each unit has an open lanai off of the bedroom. Third floor units offer an "OCEAN" VIEW! Building is comprised of: 35 - 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.
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