Hilo - Beach Property For Sale #6698570

Tremendous opportunity to invest in a rarely available multi-unit vacation rental property just a block from the shoreline and beach. This 12 condo unit (CPR) property offers multiple opportunities. Currently there are 10 STVR permits in place with 6 units being utilized as short term rentals and the reminder 4 have long-term tenants. Features and summary: - Sale includes 12 CPR units - 6 studio units upstairs/6 studio units downstairs - 10 STVR permits (maximum) in place - 6 units being utilized as STVRs/4 used as longterm rentals - Split AC in the 6 STVR studio rentals. - The 4 long-term units have not been renovated - 1 unit being utilized as office and laundry - 1 unit utilized as expansion to create double space rental for parties of 4 - Property serviced by sewer - Recent survey and report available - 6 active STVR units sold turnkey furnished - Propane tank on site. *One of the partners hold a real estate license in the State of California. *Artwork and Photographs on walls are excluded from sale and available to purchase on a separate bill of sale.