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1303 KALANIANAOLE ST unit: 1-12 1-12, Hilo, HI 96720

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For Sale

$2,599,000

12 beds • 12 baths • 3,876 sqft

Estimated Payment

$      /mo. †

APR for 30 years

Change Loan Terms

  • Condominium
    Property type

  • Newly Listed
    Time on Century 21

  • $670.54
    Price per square foot

  • Over 50 Years Old
    Age

Explore this Property

Tremendous opportunity to invest in a rarely available multi-unit vacation rental property just a block from the shoreline and beach. This 12 condo unit (CPR) property offers multiple opportunities. Currently there are 10 STVR permits in place with 6 units being utilized as short term rentals and the reminder 4 have long-term tenants. Features and summary: - Sale includes 12 CPR units - 6 studio units upstairs/6 studio units downstairs - 10 STVR permits (maximum) in place - 6 units being utilized as STVRs/4 used as longterm rentals - Split AC in the 6 STVR studio rentals. - The 4 long-term units have not been renovated - 1 unit being utilized as office and laundry - 1 unit utilized as expansion to create double space rental for parties of 4 - Property serviced by sewer - Recent survey and report available - 6 active STVR units sold turnkey furnished - Propane tank on site. One of the partners hold a real estate license in the State of California.
MLS# 724411

Courtesy Of Compass

(808) 378-5447

Property Features

  • Age
    Over 50 Years Old
  • Amenities
    Cable Ready
  • Appliances
    Microwave, Refrigerator
  • Lot Size
    0.19 Acres

Map and Directions

Directions to 1303 KALANIANAOLE ST unit: 1-12 1-12, Hilo, HI 96720

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Monthly Payment Breakdown

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† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.