Big, Bold, and Beautiful 28-Unit Apartment Complex – Prime Hilo Location!<br><br>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.<br><br>Fully renovated in 2018: Granite countertops, updated flooring, fresh interior/exterior paint.<br>New Roof along with new asphalt for parking.<br><br>The building was fumigated in 2024.<br><br>Strong rental history with annual rental income over $500,000<br><br>Short-term vacation rental potential<br><br>Three stories: First level is covered parking; second and third levels are residential<br><br>On-site laundry facility<br><br>Newer roof and building fumigated in 2024<br><br>Covered parking for all units plus guest parking in front<br><br>Units feature spacious lanais, ideal for relaxing and enjoying island life<br><br>Excellent opportunity for investors looking for stable income with upside potential in a highly desirable area. Steps from Hilo’s beaches, dining, and shopping.
Under contract
$4,975,000
1365 Kalanianaole St, Hilo, HI 96720
52beds
18,810sqft
Est.:
Multi Family
Built in 1973
-- sqft lot
$4,696,700 Zestimate®
$264/sqft
$-- HOA
What's special
- 75 days
- on Zillow |
- 28 |
- 1 |
Likely to sell faster than
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