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Multi-Family in Waiakea Highland View Lots - South Hilo Hawaii
Nice rental property in Hilo. All units have been renovated and are rented. Three individual and separate rentals with carports. One TMK# makes for easy management. Good tenants, good income. Subdivision possible. Buyer is advised to do their due diligence. Cap rate of 7.68%
Renovations on all three units:
New roofing & refinished in some areas
New countertops, Quartz in unit B
New paint, interior and exterior
New windows in unit B
New bathrooms
New flooring
New lighting, fans
New hardware
New faucets
New carpentry work throughout
Fumigation 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 7.68%
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.
76 Palai St Hilo 96720 is listed Courtesy of Big Island Properties
Multifamily in WAIAKEA HIGHLAND VIEW LOTS - South Hilo , Hawaii
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