Building Details

Year Built 1973

Listing Agency: SAVIO REALTY LTD. - HILO OFFICE Show Phone

Listed By: DANA G KENNY · License #RB-16034 Show Phone

Source: Corcoran

Added: May 25, 2024 Changed: Jul 10 Last Checked: Sep 16 at 4:04PM

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Displayed information is deemed reliable but is not guaranteed and should be independently verified. All listing content including descriptions, pricing, images are the copyrighted material of SAVIO REALTY LTD. - HILO OFFICE

Investment Insights

Based on property information with market context.

This large commercial complex comprises 32 individual condominiums, presenting significant potential for rental income or individual sales. Currently, 70% of the units are rented. The property features a large parking area and offers riverfront views from most units. There are slabs available for the construction of an additional 4 units. The property also offers hotel development possibilities due to its extensive riverfront location.

Key Highlights

• Large commercial complex with 32 individual condominiums.
• Potential for rental income or individual sale of units.
• 70% of units are currently rented.

Property Analytics

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Current Use

Hilo Culture Center Cultural Center Mattoch & Kirley, LLLC Law Firm HI-Care Solutions Home Health Care Service Balanced Life Acupuncture ... Alternative Medicine Practice Dynamic Dao Medical Clinic

Location Intelligence

Demographics for 96720, HI

46,615

Population

19,826

Households

2.4

Avg Household Size

43

Median Age

34%

College-Educated

95%

High-School Grad

287.8 sq mi

ZIP Area

162

Density / Sq Mi

$78,537

Median Household Income

$41,268

Median Earnings

$1,346

Median Rent

$458,100

Median Home Value

Market

Vacancy Rate% for Multifamily in West region

7% 2022

7.8% 2023

8.6% 2024

8.6% 2025

Questions? Ask Rey

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What type of property is this? Where is this apartment buildings located? What is the asking price? Find similar properties What are key features of this property?

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Frequently Asked Questions

What type of property is this?

Apartment building - Large commercial complex with rental income potential and river views.

Where is this apartment building located?

The property is located at 399 HUALANI ST Hilo, HI.

What is the asking price?

The asking price for this property is $2,900,000.

What are key features of this property?

This property features: Large commercial complex with 32 individual condominiums.; Potential for rental income or individual sale of units.; 70% of units are currently rented.