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76 Palai St

Hilo, HI 96720
  • $849,000
  • STATUS: Active
  • ON SITE: 156 Days
  • MLS #: 710954
UPDATED: 71 min ago
$849,000
  • 5
    BEDS
  • 0.46
    ACRES
  • 3
    BATHS
  • 1
    1/2 BATHS
  • 2,092
    SQFT
  • $406
    $/SQFT
Type:
Multi-Family
Built:
1958
Area:

School Ratings & Info

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 areasNew countertops, Quartz in unit BNew paint, interior and exteriorNew windows in unit BNew bathroomsNew flooringNew lighting, fansNew hardwareNew faucetsNew carpentry work throughoutFumigation 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.

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© 2024 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Equity Hawai'i Real Estate. Data last updated: 2024-12-11T23:35:20.553.
www.hawaiidreamrealty.com/homes/152402237
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76 Palai St Hilo, HI 96720

  • Price: $849,000
  • Status: Active
  • On Site: 156 Days
  • Updated: 71 min ago
  • MLS #: 710954
5
Beds
3
Baths
1
½ Baths
0.46
Acres
2,092
SQFT
$406
$/SQFT
1958
Built
Neighborhood:
Waiakea Highland View Lots
Area:
South Hilo
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 areasNew countertops, Quartz in unit BNew paint, interior and exteriorNew windows in unit BNew bathroomsNew flooringNew lighting, fansNew hardwareNew faucetsNew carpentry work throughoutFumigation 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.
Exterior Features

Land Tenure Fee Simple Ocean Front No Pool No Roads County

Property Features

Assessed Value 333800 Assessment Year 2023 Distressed Standard Sale Lava Zone 3 Lot Number 3 Oceanfront Unit N N N Phone Service CableCellLand LineSatellite Power Overhead Property Type Multi-Family Sewer Cesspool Solid Waste Disposal Private Contractor Tax Key 322055008 Taxes 3705.18 Terms 1031 ExchangeCashConstruction LoanConventional Tv Availability AntennaCableSatellite Vehicle Parking AssignedCoveredAttachedDetached Water County Zoning RS-10

Listing information © 2024 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of Big Island Properties.


© 2024 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Equity Hawai'i Real Estate. Data last updated: 2024-12-11T23:35:20.553.
 
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Equity Hawai'i Real Estate
210 Kamehameha Avenue
Hilo HI, 96720