Residential For Sale

Turnkey Investment Opportunity in Hilo: Active, Fully Furnished Vacation Rental! Maximize your portfolio with this top-floor, corner unit in Wainaku Terrace, currently operating as a successful active vacation rental. This prime investment comes fully furnished and completely refreshed, offering a seamless, guest-ready transition for its next owner. As a coveted corner unit, extra windows frame views of the lush green countryside and fill the open-concept layout with natural light, creating a bright and airy atmosphere that guests love. The thoughtful floor plan features separate bedrooms, including a Master Suite complete with a dedicated vanity space, a large walk-in closet, and direct access to a full bath. Visitors can also relax, sunbathe, and entertain at the common pool area. A comprehensive monthly maintenance fee of $821 covers essential utilities and operations: water, water heating, sewer, refuse, exterior pest control, pool and grounds maintenance, laundry facilities, property management services, building insurance, a resident manager, and reserve funding. Location is key for high occupancy. Wainaku Terrace sits just blocks from Hilo’s beautiful Bayfront in Historic Downtown Hilo. Guests are steps away from a vibrant local lifestyle featuring shopping, restaurants, a farmer’s market, groceries, museums, banks, medical services, and a public library. The area also offers excellent recreation, including canoe racing, a local surf break, parks, community events, and nightlife. Whether you’re looking for a high-performing short-term rental or a personal tropical getaway, this property delivers the ultimate Hilo experience.