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MLS: 667552
Asking Price: $3,988,888 Fee Simple
Sold Price: $4,600,000
Sold Date: 02/21/2023
Type: Multi-Family
District: South Hilo
Street: 337 Ululani St
Neighborhood: Hilo
Beds: 1   Baths: 1
Living Area: 448 SF
Style: 4+ Units
Land Area: 1.25 Acres
Parking: Assigned
Amenities: Community Laundry
Days on Market: 80
Year Built: 1978
Easements: Street Widening,Telephone
Zoning: CG-7.5
Roads: County
Property Taxes: $30,153
Assessed Value: $2,818,100
Assessed Ratio: 141.55%
Listing Courtesy: Bob Tanaka Realty
Terms Acceptable: Cash,Conventional
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Rarely Available! 3 story - 42 unit apartment complex with 55 stalls.

GREAT INVESTMENT OPPORTUNITY - RARELY AVAILABE! 42 UNIT APARTMENT COMPLEX in the heart of HILO. 3 story walk-up 2/55 parking stalls. Each unit has an open lanai off of the bedroom. Third floor units offer an "OCEAN" VIEW! Building is comprised of: 35 - 1 bdrm, bath - 448 sq. ft.; 3 - 1 bdrm, bath - 536 sq. ft. (10 STACK); 5 - 2 bdrm, bath - 576 sq. ft. (02 stack - floors 2 & 3; 14 stack - 3 floors). All units electrically metered individually and furnished with a range/oven and refrigerator. A few units have a disposal. Common laundry facility on the ground floor. Conveniently located on the corner of Ululani Street and Kukuau Street, near the center of Hilo's business/retail and visitor districts and 10 minutes to the airport. Many long term tenants with rents below market. Visible, deferred maintenance throughout. Property to be sold in its "as is, where is" condition. SEE ATTACHED FINANCIAL INFORMATION.

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