337 Ululani Street, Hilo, HI 96720
- $4,600,000
- Sold Price
- $4,600,000
- List Price
- $3,988,888
- Status
- SOLD
- Type
- Multifamily
- MLS#
- 202300414
- Days on Market
- 30
- Closing Date
- Feb 21, 2023
- Land Area
- 54,402
- Year Built
- 1978
- Neighborhood
- Hilo
- Land Tenure
- FS - Fee Simple
Property Description
GREAT INVESTMENT OPPORTUNITY-RARELY AVAILABLE! 42 UNIT APARTMENT COMPLEX in the heart of HILO. 3 story walk-up w/ 55 parking stalls. Each unit has an open lanai off of the bedroom. Third floor units offer an “OCEAN” view! Building is comprised of: - 34 - 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. Please do not bother tenants. CURRENTLY NOT SHOWING THE PROPERTY. Note: Zoning for the Big Island is CG-7.5 - General Commercial, 7,500 sq. ft. minimum lot size.
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Additional Information
- Island
- Big Island
- Stories Type
- Three
- Utilities
- Overhead Electricity, Telephone, Water
- View
- Coastline, Mountain, Ocean
- Easements
- Electric, Other, Street Widening
- Parking Total
- 55
- Tenants Responsibilities Include
- Electricity
- Sqft Building
- 20736
- Lot Size
- 54,402
- Unit One Bed Number Of
- 37
- Construction Materials
- Concrete
- Mls Area Major
- S. Hilo
- Neighborhood
- Hilo
- Furnished
- Partial
- Year Built
- 1978
- Tax Amount
- $2,513
- Total Income
- 1
- Sewer
- Connected
- Unit Two Bed Number Of
- 5
- Roof
- Other
- Recreation Facilities
- None
- Parking Features
- Assigned, Open
- Lot Features
- Irregular
- Amenities
- Resident Manager
- Total Annual Operating Expenses
- 1
- Assessed Total
- 2818100
- Assessed Improvement
- 2327100
- Assessed Land
- 491000
- Zoning
- 30 - Commercial
Mortgage Calculator
Listing courtesy of Bob Tanaka Inc. Selling Office: John Riggins Real Estate.
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2023 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
Contact: (808) 949-4111