320 ILIAHI ST, HILO, HI 96720
6 unit fee simple furnished apartment building; great upside, North of Hilo
Listing Provided by: Hilo Brokers Ltd
MLS #: 720885
MLS #: 720885
Description
Great multifamily rental property with upside potential. Six 1 bedroom unit, fee simple single story apartment building on 1/4 acre lot, connected to sewer. Lava zone 8, just North of Hilo.All 6 units are furnished, one is currently vacant for viewing. Each unit has it's own electric meter and hot water heater. 7 parking spaces with additional street parking available. Roof is approx 20 years old. Just a few minutes walk to downtown Hilo with restaurants, shopping, schools and more.Current rents: 3 units @ $1,800, 1 unit @ $1,600, 1 unit @ $1,400. All leases are Month-To=Month; all tenants & leases will remain in place through closing.Gross income: 2024 $91.5k, 2023 $82k, 2022 $84k.Property tax $4,779/year; insurance approx $3k/year; water approx $1,200k/year; sewer approx $1,800/year; common area electric approx $150/month.Shower stalls, carpets and drapes all replaced/repaired in 2023. DSL internet and cable TV connected, owner currently pays these expenses in addition to electricity. Coin op washer & dryer on site.Don't miss out on this investment opportunity!
Property Details
Price: $1,200,000
Sold Price:
Address: 320 ILIAHI ST, HILO, HI 96720
Ownership: Full
Status: Active
Category: Residential Income
Type:
Sold Price:
Address: 320 ILIAHI ST, HILO, HI 96720
Ownership: Full
Status: Active
Category: Residential Income
Type:
Total Bedrooms: 6
Total Bathrooms: 6
Full Baths: 6
Living Area: 2,388 Square Feet
Listed by: Hilo Brokers Ltd
Year Built: 1978
Levels:
Year Built: 1978
Levels:
Features and Amenities
Interior Features:
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Parking Features: Unassigned
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Home Warranty:
Carport Spaces:
Parking Features: Unassigned
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Community Information
Project Name:
Subdivision Name: PUUEO LOTS
Association Fee: $0 Monthly
Subdivision Name: PUUEO LOTS
Association Fee: $0 Monthly
Stories:
Year Established:
Year Established:
Lava Zone: 8
Flood Zone: X
Flood Zone: X
Land Information
Lot Size: 11,124 Square Feet
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Land Tenure: Fee Simple
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Land Tenure: Fee Simple
Lot Features:
Frontage: a:0:{}
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Roads: County, Curbs/Gutters, Paved
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Roads: County, Curbs/Gutters, Paved
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Zoning: RM-1
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Additional Details
Assessed Tax Value: $408,400
Annual Tax: $4,778
Tax Year: 2024
Tax Lot: 14
Tax Block:
Utilities: Electricity Available, Sewer Connected
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Solid Waste Disposal: None
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Solid Waste Disposal: None
First Listed May 11, 2025, 9:20 am
Last Updated May 11, 2025, 9:20 am
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:
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