76 PALAI ST Active Save Request In-Person Tour Request Virtual Tour
Hilo,HI 96720
Key Details
Property Type Multi-Family
Listing Status Active
Purchase Type For Sale
Square Footage 2,092 sqft
Price per Sqft $405
Subdivision Waiakea Highland View Lots
MLS Listing ID 710954
Bedrooms 5
Full Baths 3
Half Baths 1
Year Built 1958
Annual Tax Amount $3,705
Lot Size 0.464 Acres
Property Description
Nice rental property in Hilo. All units have been renovated and are rented. Three individual and separate rentals with carports on one TMK# makes for easy management. Good tenants, good income. Subdivision possible. Buyer is advised to do their due diligence.
Renovations on all three units:
New roofing & refinished in some areas
New countertops, Quartz in unit B
New paint, interior and exterior
New windows in unit B
New bathrooms
New flooring
New lighting, fans
New hardware
New faucets
New carpentry work throughout
Fumigation was completed. All units have a separate electric meter installed by HELCO. Rent roll: Unit A $1,832.46 Unit B $2,100 Unit C $1,937.17. Cap Rate 7.5%
The 3 structures are permitted and were built previously to Hawaii county building code in 1976 and are considered legal non-conforming use which does not need a variance from Hawaii county.
Location
State HI
Area South Hilo
Zoning RS-10
Exterior
Parking Features Assigned,Covered,Attached,Detached
Pool No
Building
Sewer Cesspool
Water County
Others
Acceptable Financing 1031 Exchange,Cash,Construction Loan,Conventional
Listing Terms 1031 Exchange,Cash,Construction Loan,Conventional