Description
Fully functioning 15 unit multi-family building just a few minutes from downtown Hilo.This permitted three-story building was converted from a single-family residence to a 15 unit congregate dwelling with three and a half bathrooms and three full kitchens to service each floor. The lower level consists of six units renting for $350/month. The second level consist of five units renting for $400/month. Lastly, the third floor consist of four units also renting for $400/month. ***Notice of rental increase has been given to all tenants. All units to be $600/month effective May 29th, 2025*** The community of tenants are required to follow a set of house rules, and "good neighbor" principles guided by the mutual respect and trust of their fellow tenants. Such a methodology has been the cornerstone for the continued success of this prosperous multifamily rental business.Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.
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15BEDS
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12543ACRES
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3BATHS
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21/2 BATHS
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4,866SQFT
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$144$/SQFT
School Ratings & Info
Description
Fully functioning 15 unit multi-family building just a few minutes from downtown Hilo.This permitted three-story building was converted from a single-family residence to a 15 unit congregate dwelling with three and a half bathrooms and three full kitchens to service each floor. The lower level consists of six units renting for $350/month. The second level consist of five units renting for $400/month. Lastly, the third floor consist of four units also renting for $400/month. ***Notice of rental increase has been given to all tenants. All units to be $600/month effective May 29th, 2025*** The community of tenants are required to follow a set of house rules, and "good neighbor" principles guided by the mutual respect and trust of their fellow tenants. Such a methodology has been the cornerstone for the continued success of this prosperous multifamily rental business.Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.
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