NOT LISTED FOR SALE

285 Haili St Unit 12 Hilo, HI 96720

24 Beds
24 Baths
9,960 Sq Ft
0.29 Acres

Last Sold November 15, 2023

Last sale price $2,400,000 $241 Per Sq Ft

8 Days on Market

About This Home

As of November 2023

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.

Last Agent to Sell the Property

Linda Kaeo

Iokua Real Estate Brokerage Phone: 8089900481 License #RS-60549 Listed on: 08/17/2023

Last Buyer's Agent

Rick Barbati

New eRealty License #RB-15968

Property Details

Home Type

  • Multi-Family

Est. Annual Taxes

  • $20,316

Year Built

  • Built in 1974

Lot Details

  • Property fronts a county road
  • Level Lot

Parking

  • Attached Garage

Interior Spaces

  • 9,960 Sq Ft Home
  • 3-Story Property

Bedrooms and Bathrooms

  • 24 Bedrooms

Utilities

  • Private Sewer
  • Internet Available
  • Phone Available
  • Cable TV Available

Community Details

  • 12 Units
  • Halai Tract Subdivision

Listing and Financial Details

  • Assessor Parcel Number 3230160070000

Property Details

Home Type

Multi-Family

Est. Annual Taxes

$20,316

Year Built

Built in 1974

Lot Details

0

Listing Details

  • Prop. Type: Residential Income
  • Road Frontage Type: HIS Road/Street
  • Attribution Contact: 8089900481
  • Co List Office Phone: 8089347050
  • Ownership: Full
  • MLS Status: S
  • Subdivision Name: HALAI TRACT
  • Living Area: 9960.0
  • Year Built: 1974
  • Tax Year: 2023
  • HIS_PoolYN: No
  • HIS_SpecialAssessmentAmountFrequency: Monthly
  • HIS_SolidWasteDisposal: Private Contractor
  • HIS_InternetAccess: Cable, DSL, Wireless
  • Special Features: None
  • Property Sub Type: MultiFamily

Interior Features

  • Total Bedrooms: 24
  • Full Bathrooms: 12
  • Half Bathrooms: 12
  • Stories: 3
  • Total Bathrooms: 12

Exterior Features

  • Topography: Fairly Level
  • Waterfront: No
  • Roads: County, Paved

Garage/Parking

  • Parking Features: Attached, Covered

Utilities

  • Cooling: Cash
  • Utilities: Cable Available, Electricity Available, Phone Available, Sewer Connected

Condo/Co-op/Association

  • Association Fee Frequency: Monthly

Lot Info

  • Zoning: RM-1
  • ResoLotSizeUnits: Square Feet
  • Parcel Number: 3230160070000
  • ResoLotSizeUnits: SquareFeet

Multi Family

  • Number Of Units Total: 12

Tax Info

  • Tax Annual Amount: 20315.88

Range of Values:

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Average Value
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List Price
Sold Price
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Home Values in the Area

Source: Public Records

Average Home Value in this Area

Source: Public Records

Property History

Date Event Price List to Sale Price per Sq Ft
09/24/2024 09/24/24 Off Market $2,400,000 -- --
11/15/2023 11/15/23 Sold $2,400,000 -4.0% $241 / Sq Ft
08/25/2023 08/25/23 Pending -- -- --
08/17/2023 08/17/23 For Sale $2,500,000 -- $251 / Sq Ft
Source: Hawaii Information Service (MLS Hawaii)

Tax History Compared to Growth

Source: Public Records

Agents Affiliated with this Home

  • L

    Seller's Agent in 2023

    Linda Kaeo

    Iokua Real Estate

    (808) 990-0481

    11 in this area

    44 Total Sales

    Linda Kaeo
    Section Image

  • R

    Buyer's Agent in 2023

    Rick Barbati

    New eRealty

    (808) 987-8758

    20 in this area

    107 Total Sales

    Rick Barbati
    Section Image
See All Agents

Map

Source: Hawaii Information Service (MLS Hawaii)

MLS Number: 703501

Hawaii Information Service (MLS Hawaii)

APN: 3-2-3-016-007-0000

Hawaii Hawaii County Hilo 96720

285 Haili St Unit 12, Hilo, HI

This home is located at 285 Haili St Unit 12, Hilo, HI 96720 since 17 August 2023. This property was built in 1974. 285 Haili St Unit 12 is a home located in Hawaii County with nearby schools including Hilo Union Elementary School, Hilo Intermediate School, and Hilo High School.

Disclaimer: Certain information contained herein is derived from information provided by parties other than Homes.com. All information provided is deemed reliable, but is not guaranteed to be accurate and should be independently verified.

Hawaii Information Service (MLS Hawaii) Copyright 2025 MLS Hawaii, Inc. All rights reserved.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.

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