Hilo, HI 96720,76 PALAI ST
Hilo, HI 96720,76 PALAI ST
Hilo, HI 96720,76 PALAI ST
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$799,000
Est. payment /mo
5 Beds
6 Baths
2,092 SqFt
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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

HOA Y/N No

Originating Board Hawaii Information Service

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

Region South Hilo

City Region South Hilo

Exterior

Parking Features Assigned, Attached, Covered, Detached

Utilities Available Cable Available, Electricity Available, Phone Available

View Y/N No

Garage No

Building

Sewer Cesspool

Others

Ownership Full

Acceptable Financing 1031 Exchange, Cash, Conventional, HIS Construction Loan

Listing Terms 1031 Exchange, Cash, Conventional, HIS Construction Loan

Special Listing Condition Fee Simple, Standard


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Hawaii Information Service (HIS)
Listed by Big Island Properties

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agent

Travis Scott

+1(808) 333-1616

Big Island Realtor | License ID: RS-83053

Big Island Realtor License ID: RS-83053

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