See all 13 photos
13 photos
REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$849,000
Est. payment /mo
5 Beds
4 Baths
2,092 SqFt
UPDATED:
10/12/2024 09:14 PM
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.
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
Read Less Info
Listed by Big Island Properties
GET MORE INFORMATION
Travis Scott
Big Island Realtor | License ID: RS-83053
Big Island Realtor License ID: RS-83053