$850,000 Price Analysis    ♡   Hilo, HI 96720 15 bed 5 bath 4,866 SqFt ($174/SqFt) 0.29 acre lot. Built 1918 Listed 2024-01-22, Taxes $7,180 | Ⓧ USDA Ineligible due to location near Hilo |
Fully functioning 15 unt multi-family building a few minutes from downtown Hilo.
This permitted three-story building was converted from a single-family residence to a 15 unit congregate dwelling with three and a half bathrooms and three full kitchens to service each floor. The lower level consists of six units renting for $350/month. The second level consist of five units renting for $400/month. Lastly, the third floor consist of four units also renting for $400/month. The community of tenants are required to follow a set of house rules and good neighbor principles guided by the mutual respect and trust of their fellow tenants. Such a methodology has been the cornerstone for the continued success of this prosperous multifamily rental business. Dont let this investment opportunity slip you by!
Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.
Presented by Hank Correa Jr. at
Better Homes and Gardens Real Estate Hank Correa Realty.
Property MLS #705740 from HawaiiInformation
Full Bathrooms: 3
1/2 Bathrooms: 2
CO2 detection
Kitchen-Community
Smoke/Heat Detector
Fencing: Chain Link
Frontage Type: Stream/Canal, Road/Street
Road Frontage Type: County
Lot Size Acres: 0.2879477
Topography: Steep Slope
Lot Size Square Feet: 12543
Source Listing Status: Active
Source Property Type: Multi-Family
Area: South Hilo
Source Neighborhood: PUUEO LOTS
Subdivision: PUUEO LOTS
Zoning: RM-1
Property Subtype: Multi-Family
Source System Name: C2C
| Year | Assessments Building + Land Total | Tax |
|---|---|---|
| 2022 | $501,500 + $145,400 $646,900 | $7,180 |
| 2021 | $440,700 + $101,100 $541,800 | $6,339 |
| 2020 | $402,100 + $96,200 $498,300 | $5,830 |
| 2019 | $387,600 + $68,400 $456,000 | $5,335 |
| 2018 | $296,900 + $66,400 $363,300 | $4,250 |
| 2017 | $291,300 + $66,400 $357,700 | $4,185 |
| 2016 | $184,700 + $66,400 $251,100 | $2,631 |
| 2015 | $166,500 + $66,400 $232,900 | $2,526 |
| 2014 | $165,100 + $79,700 $244,800 | $2,656 |
| 2013 | $155,800 + $79,700 $235,500 | $2,555 |
| 2012 | $155,800 + $79,700 $235,500 | $2,319 |
| 2010 | $168,200 + $79,700 $247,900 | $2,423 |
| 2009 | $175,100 + $79,700 $254,800 | $2,063 |
| 2008 | $175,100 + $79,700 $254,800 | $2,063 |
| 2007 | $104,500 + $79,700 $184,200 | $1,492 |
Year Built: 1918
Property Age: 106
Power: Overhead
TV Access: Cable
Water Source: County
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The property loan eligibility may be subject to additional requirements beyond geographical location including but not limited to the condition of the property. Speak with a real estate professional to find out more about the eligibility of a specific property.