265-D KEKUANAOA ST

“HUGE ROI 15%” THIS PROPERTY IS A GEM IN A FANTASTIC LOCATION IN THE HEART OF HILO! This unique property is located in a prime location in central Hilo. It sits across the street from Hilo Shopping Center and just a couple blocks from the State buildings and courthouses, restaurants, coffee shops, banks, schools, medical clinics, and other businesses. It’s just a 10-15 minute walk to Hilo Bayfront. Incredible value for the land alone! Property is almost a half-acre and has a commercial kitchen, 1500 SF open carport, and 23 units!

The main structure is a large Quansid hut warehouse on the left side of the property that was previously a commercial kitchen and poi factory. There is an office in the front of the building and several apartments upstairs and surrounding the commercial kitchen. Leading to the kitchen, there is a large approximate 1500 sqft shop area, open carport that was previously used as a loading area. Adjacent to the warehouse is a row house of 3 separate houses. The first is a 3 bedroom, 1 bath house that was partially renovated in 2017. Remodel included replacement of Cabinets, carpet, appliances, fixtures, windows, and doors. There is a top of the line gas water heater that supplies all the units with hot water. The next unit is a 2 bedroom, 1.5 half bathroom unit that was also fully remodeled in 2018. Remodel included new drywall, doors, bathroom fixtures, windows, appliances, cabinets, new concrete paint on the floor, and built-in lofts in both bedrooms. The last unit in the row house is 2 bedroom, 1 bathroom unit that was partially remodeled in 2017. All 3 houses have low-end finishes but are in average condition. In front of the commercial kitchen is another upstairs 650 SF unit with a kitchen and bathroom. There is a 20 ft storage container and a walk-in refrigerator that can be accessed from the carport loading area. Changes done are not permitted. Units are not permitted. Buyer to do own due diligence.