40 Pamala Pl, Hilo, HI 96720

Permitted multi-unit short-term vacation rental in Hilo. Located on quiet Pamala Place, this 5-bedroom, 3-bath home offers a rare opportunity to own a fully permitted and proven short-term vacation rental. With a strong recent earning history of over $100,000 per year, this property is turn-key and fully furnished, ready for immediate use as an income-producing investment or flexible multi-generational living.<br><br>The upper level features 2 bedrooms and 2 baths, a spacious living room filled with natural light from large windows, and a cozy back lanai perfect for morning coffee or evening relaxation. The kitchen and dining area have been updated with vinyl plank flooring, blending durability with modern style.<br><br>The lower level serves as a separate living space with 3 bedrooms and 1 bath. It has been tastefully updated with vinyl plank flooring and a kitchen featuring quartz countertops. Just outside, a covered lanai provides an inviting spot for outdoor seating.<br><br>Situated in a great location near shopping, restaurants, and Hilo’s many attractions, this property also offers ample parking for guests or residents, adding to its convenience and appeal.<br><br>Take a look at this property video: https://realestatevideos.vids.io/videos/5a9bdbb51f1be5c8d0/40-pamala-pl-rev