82-D Hoku St Hilo, Hawaii 96720

High-Cash-Flow Investment in Downtown Hilo —Now $535,000
Hoku Street,Hilo,HI 96720

This Downtown Hilo property offers strong income and even higher potential through room-by-room rentals. Homes rented by the room typically earn significantly more monthly income, provide more stable cash flow, and generate higher long-term returns. With 9 rentable rooms, 3 bathrooms, and 2 full kitchens (upstairs and downstairs), the property is already producing solid revenue and can be improved further.

Income & ROI:
- Current gross income: $70,000—$80,000+ per year
- At $535,000 – gross ROI of 13.1% at $70K/year or 15% at $80K/year
- Opportunity to increase ROI through optimized room-by-room rentals
- Additional tax benefits from depreciation and write-offs
- Multi-tenant setup reduces vacancy risk and enhances income stability
Why Room-by-Room Works Well Here:
- Higher total income than whole-house rentals
- Strong demand from students, workers, and medical professionals
- Ideal for investors seeking high NOI and rent per square foot
- Flexible layout suited for shared housing, workforce rentals, or multi-family use

Property Details:
- 9 total rooms
- 3 bathrooms
- 2 full kitchens
- Flexible layout for shared housing or rentals
- Potential to raise rental value with updates

Prime Downtown Hilo Location – walking distance to major employers, hospitals, colleges, stores, restaurants, beaches, parks, and public transportation. High rental demand and rare availability in this area.

82-D Hoku St Hilo 96720 is listed Courtesy of Nathalie Mullinix Realty Universal, Inc.