400 Hualani St, Hilo, HI 96720

Waiakea Villas is a low-rise condominium in a lush tropical setting located right in the heart of Hilo. This offering consists of 162 individual condominium units within the Waiakea Villas complex (which has 258 total units). There is a mix of studio, one-bedroom and commercial units. This complex has both "hotel/resort" zoning, allowing for short-term rentals, as well as "commercial" zoning for some of the units in buildings 9 and 10. Each of the buildings has its own coin operated laundry facilities. On-site Owner's Association manages the facility and grounds. There is an established track record of high rental demand and occupancy. Many of the units located on the top floors have high vaulted ceilings. Koi fish filled lagoons with waterfalls and cascades surround the complex. Waiakea Villas offers a lovely on-site swimming pool, coin-operated shared laundry in each building, beautiful water views, plus a central Hilo location. Next to the attractive & picturesque Wailoa Park, a multi-acre greenbelt with large ponds, picnic pavilions and extensive jogging paths. Ample entertainment, shopping, dining and banking are just a short walk away. Walking distance to the ocean, Hilo’s famous Bayfront and Farmer’s Market Downtown. The airport, university, and even the beach parks are also within close proximity and are easily bike-able.