76 PALAI ST, HILO, HI 96720
Hilo rental property with 7.5% cap rate. 3 individual and separate units.
Listing Provided by: Big Island Properties
MLS #: 710954
MLS #: 710954
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.
Property Details
Price: $849,000
Sold Price:
Address: 76 PALAI ST, HILO, HI 96720
Ownership: Full
Status: Active
Category: Residential Income
Type:
Sold Price:
Address: 76 PALAI ST, HILO, HI 96720
Ownership: Full
Status: Active
Category: Residential Income
Type:
Total Bedrooms: 5
Total Bathrooms: 6
Full Baths: 3
Living Area: 2,092 Square Feet
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Community Information
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Subdivision Name: WAIAKEA HIGHLAND VIEW LOTS
Association Fee: $0 Monthly
Subdivision Name: WAIAKEA HIGHLAND VIEW LOTS
Association Fee: $0 Monthly
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Land Information
Lot Size: 20,210 Square Feet
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Zoning: RS-10
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Additional Details
Assessed Tax Value: $333,800
Annual Tax: $3,705
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Tax Lot: 3
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First Listed July 8, 2024, 12:11 pm
Last Updated October 12, 2024, 11:14 am
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