1365 KALANIANAOLE ST new Save Request In-Person Tour Request Virtual Tour
Hilo,HI 96720
Key Details
Property Type Multi-Family
Sub Type Four Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 18,810 sqft
Price per Sqft $264
Subdivision Keokea Houselots
MLS Listing ID 721690
Bedrooms 52
Full Baths 28
HOA Y/N No
Year Built 1973
Annual Tax Amount $42,846
Tax Year 2023
Property Sub-Type Four Or More Units
Source Hawaii Information Service
Property Description
Big, Bold, and Beautiful 28-Unit Apartment Complex – Prime Hilo Location!
Well-maintained and income-producing 28-unit multifamily property just minutes from downtown Hilo and the beach. Two buildings connected by walkways, offering a total of 24 two-bedroom units and 4 one-bedroom units.
Fully renovated in 2018: Granite countertops, updated flooring, fresh interior/exterior paint.
New Roof along with new asphalt for parking.
The building was fumigated in 2024.
Strong rental history with annual rental income over $500,000
Short-term vacation rental potential
Three stories: First level is covered parking; second and third levels are residential
On-site laundry facility
Newer roof and building fumigated in 2024
Covered parking for all units plus guest parking in front
Units feature spacious lanais, ideal for relaxing and enjoying island life
Excellent opportunity for investors looking for stable income with upside potential in a highly desirable area. Steps from Hilo's beaches, dining, and shopping.
Location
State HI
Community Keokea Houselots
Area 23462.0
Zoning V-.75
Region South Hilo
City Region South Hilo
Exterior
Parking Features Attached,Covered
Utilities Available Electricity Available,Phone Available,Sewer Connected
View Y/N No
Garage No
Private Pool No
Building
Lot Description Cleared
Others
Ownership Full
Acceptable Financing 1031 Exchange,Cash,Conventional
Listing Terms 1031 Exchange,Cash,Conventional
Special Listing Condition Fee Simple,Standard