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347 ILIAHI ST, HILO, HI 96720

15 Unit Multi-Family Rental Business

Listing Provided by: Better Homes and Gardens Real Estate Hank Correa Realty
MLS #: 705740
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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.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.

Property Details

Price: $750,000
Sold Price:
Address: 347 ILIAHI ST, HILO, HI 96720
Ownership: Full
Status: Active
Category: Residential Income
Type:

Total Bedrooms: 15
Total Bathrooms: 5
Full Baths: 3
Living Area: 4,866 Square Feet

Listed by: Better Homes and Gardens Real Estate Hank Correa Realty
Year Built: 1918
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Features and Amenities

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Community Information

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Subdivision Name: PUUEO LOTS
Association Fee: $0 Monthly
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Land Information

Lot Size: 12,543 Square Feet
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Zoning: RM-1
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Additional Details

Assessed Tax Value: $646,900
Annual Tax: $7,181
Tax Year: 2023
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First Listed January 22, 2024, 10:45 am
Last Updated November 18, 2024, 12:50 pm
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