The property consists of 162 residential units in the Waiakea Villas condominium located in the heart of Hilo, less than a mile from the airport. It is near the ocean and adjacent to picturesque Wailoa Park. Waiakea Villas consists of nine multi-level residentail buildings and is adjacent to a commercial center, Waiakea Village. The residentail buildings are tropically landscaped and include manmade streams that meander throughout the property.
Not included in the listing is a partially built, uncompleted Building 6 intended to contain an additional 43 residential condominium units.