285 HAILI ST #12 Hilo, HI 96720

Investment Opportunity in Hilo – Well kept, fully leased apartment complex in a very convenient location within a short distance to shopping, restaurants, and the popular Farmer's Market.
The Halai Terrace Apartment complex consists of twelve 2-bedroom/1.5-bath units, with its own private space at the entry to the unit, a balcony off the living area & bedroom #1, and one covered parking stall per unit. There is also a coin-operated laundry room for the tenant's convenience and a full-time on-site resident manager.
Each unit is separately metered for electricity and furnished with a range/oven, refrigerator & garbage disposal: tenant rent includes water, sewer, and trash pickup 3 times per week.
Owners have taken great pride in ownership and have recently painted the entire building top to bottom including the roof, leaving little for the new ownership to be concerned with right away.
Elepaio St which is a non-through street just mauka of Halai Terrace Apartments is an option for guest parking, making this an attractive feature when advertising to future tenants.
We are continuing to welcome viewings and back up offers.