UPDATED:
Key Details
Property Type Multi-Family
Sub Type Four Or More Units
Listing Status Active
Purchase Type For Sale
Square Footage 2,388 sqft
Price per Sqft $502
Subdivision Puueo Lots
MLS Listing ID 720885
Bedrooms 6
Full Baths 6
HOA Y/N No
Originating Board Hawaii Information Service
Year Built 1978
Annual Tax Amount $4,778
Tax Year 2024
Property Sub-Type Four Or More Units
Property Description
All 6 units are furnished, one is currently vacant for viewing. Each unit has it's own electric meter and hot water heater. 7 parking spaces with additional street parking available. Roof is approx 20 years old. Just a few minutes walk to downtown Hilo with restaurants, shopping, schools and more.
Current rents: 3 units @ $1,800, 1 unit @ $1,600, 1 unit @ $1,400. All leases are Month-To=Month; all tenants & leases will remain in place through closing.
Gross income: 2024 $91.5k, 2023 $82k, 2022 $84k.
Property tax $4,779/year;
insurance approx $3k/year;
water approx $1,200k/year;
sewer approx $1,800/year;
common area electric approx $150/month.
Shower stalls, carpets and drapes all replaced/repaired in 2023. DSL internet and cable TV connected, owner currently pays these expenses in addition to electricity. Coin op washer & dryer on site.
Don't miss out on this investment opportunity!
Location
State HI
Community Puueo Lots
Area 11124.0
Zoning RM-1
Region South Hilo
City Region South Hilo
Exterior
Parking Features Unassigned
Utilities Available Electricity Available, Sewer Connected
View Y/N No
Garage No
Others
Ownership Full
Acceptable Financing 1031 Exchange, Cash, Conventional
Listing Terms 1031 Exchange, Cash, Conventional
Special Listing Condition Fee Simple, Standard
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Travis Scott
Big Island Realtor | License ID: RS-83053
Big Island Realtor License ID: RS-83053