Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Subdivision Ponahawai
MLS Listing ID 202613702
Construction Status Excellent,Good Condition
HOA Y/N No
Year Built 1973
Annual Tax Amount $8,748
Property Sub-Type Multi Family
Property Description
The property is 100% leased with professional management in place and includes 28 on-site parking stalls. Located in downtown Hilo — the county seat and regional hub for UH Hilo, healthcare, and government employment — supporting deep, stable rental demand. A recent condo conversion at a comparable Hilo building validates an embedded condo-conversion exit as additional upside. This is a trophy, renovated asset in a submarket where fully stabilized investment properties are rarely available for sale and is truly "turnkey" for a buyer. 5.5% cap rate on stabilized income!
Location
State HI
County Hawaii
Community None, Other
Area S. Hilo
Interior
Furnishings Unfurnished
Fireplace No
Laundry None
Exterior
Parking Features Assigned
Community Features None, Other
Utilities Available Above Ground Utilities, Electricity Available, Sewer Available, Water Available, Sewer Connected
Waterfront Description Other
View Y/N Yes
View Coastline, City
Total Parking Spaces 28
Building
Lot Description Cleared, Other
Dwelling Type Apartment
Entry Level Three Or More
Sewer Connected
Water Public
Level or Stories Three Or More
Construction Status Excellent,Good Condition
Schools
Elementary Schools Kapiolani
Middle Schools Hilo
High Schools Hilo
Others
Tax ID 3-2-3-019-013-0000
Special Listing Condition None
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