76 PALAI ST Active Save Request In-Person Tour Request Virtual Tour
Hilo,HI 96720
Key Details
Property Type Multi-Family
Sub Type Triplex
Listing Status Active
Purchase Type For Sale
Square Footage 2,092 sqft
Price per Sqft $381
Subdivision Waiakea Highland View Lots
MLS Listing ID 710954
Bedrooms 5
Full Baths 3
Half Baths 1
Year Built 1954
Annual Tax Amount $3,705
Property Sub-Type Triplex
Property Description
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.
Location
State HI
Community Waiakea Highland View Lots
Area 20210.0
Zoning RS-10
Exterior
Parking Features Assigned,Attached,Covered,Detached
Utilities Available Cable Available,Electricity Available,Phone Available
View Y/N No
Building
Sewer Cesspool
Others
Acceptable Financing 1031 Exchange,Cash,Conventional,HIS Construction Loan
Listing Terms 1031 Exchange,Cash,Conventional,HIS Construction Loan
Special Listing Condition Fee Simple,Standard