45-3610 Mamane St Honokaa, HI 96727-6942

Property Details for 45-3610 Mamane St

Year built

1939

Construction

WOOD

Lot size

0.29 lot acres

Property size

5,616 SF

Zone code

3M

Property type

Commercial real estate

APN

3-4-5-016-018

APU

345016018

Description

This exceptional investment opportunity in the heart of Honokaa Town presents a substantial multi-unit property comprising two buildings. The front building features four ground-floor commercial units, generating consistent income streams, complemented by four residential units upstairs – two studios and two one-bedroom apartments. The rear building offers a significant residential component, encompassing ten two-bedroom, one-bathroom apartments and two studio apartments, totaling fourteen residential units. This impressive portfolio boasts a proven track record of high occupancy rates over the past five years, with a history of steadily increasing rental income. Ten parking stalls are provided for the rear building's residents, while the front building conveniently utilizes the ample street parking available on Mamane Street. The property is being sold "as-is," and prospective buyers are encouraged to independently verify all information provided. Due to tenant occupancy, access requires a 48-hour notice and scheduled appointment to avoid disturbing residents. This property represents a rare chance to acquire a well-established, income-producing asset in a desirable location. The combination of commercial and residential units provides a diversified income stream and significant potential for future growth.

Location Insight

City

Honokaa

County

Hawaii

State

Hawaii

Longitude

-155.469

Latitude

20.0796

CBSA code

25900

CBSA name

HILO, HI MICROPOLITAN STATISTICAL AREA

Property Tax & Assessments