$2,150,000
$2,300,000
6.5%For more information regarding the value of a property, please contact us for a free consultation.
42 Beds
34 Baths
12,946 SqFt
SOLD DATE : 04/05/2024
Key Details
Sold Price $2,150,000
Property Type Commercial
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Square Footage 12,946 sqft
Price per Sqft $166
Subdivision Hilo Town
MLS Listing ID 669030
Sold Date 04/05/24
Bedrooms 42
Full Baths 31
Half Baths 3
HOA Y/N No
Year Built 1926
Annual Tax Amount $1,570
Tax Year 2022
Property Sub-Type Multi Family
Source Hawaii Information Service
Land Area 10753
Property Description
A great opportunity for income in historical downtown Hilo. The Lobin-Hung Building consists of 3 commercial units on the bottom, street level and an additional 39 living units. These living units range from studio, 1 bedroom and 2 bedroom residences which are located on both the lower and second level. Eight units on the lower level are considered community living as they share a total of 2 bathrooms between them. Also located on the lower level is a community, coin-operated laundry room.
This property is located close to everything and easily accessable on foot - shops, grocery stores, gas station, restaurants, library and the post office. Bay Front is literally a hop, skip and jump away.
Building is located within the tsunami evacuation zone.
Location
State HI
Community Hilo Town
Area Hi
Zoning CDH
Region South Hilo
City Region South Hilo
Interior
Appliance None
Exterior
Utilities Available Electricity Available, Sewer Connected
View Y/N No
Garage Yes
Private Pool No
Building
Unit Features Multi-Dwelling
Entry Level Two
Others
Ownership Full
Acceptable Financing Cash
Listing Terms Cash
Special Listing Condition Fee Simple, Standard
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