Description
Nice rental property in Hilo. All units have been renovated and are rented. Three individual and separate rentals with carports on one TMK# makes for easy management. Good tenants, good income. Subdivision possible. Buyer is advised to do their due diligence.Renovations on all three units:New roofing & refinished in some areasNew countertops, Quartz in unit BNew paint, interior and exteriorNew windows in unit BNew bathroomsNew flooringNew lighting, fansNew hardwareNew faucetsNew carpentry work throughoutFumigation 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 7.5%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.
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5BEDS
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0.46ACRES
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3BATHS
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11/2 BATHS
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2,092SQFT
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$406$/SQFT
School Ratings & Info
Description
Nice rental property in Hilo. All units have been renovated and are rented. Three individual and separate rentals with carports on one TMK# makes for easy management. Good tenants, good income. Subdivision possible. Buyer is advised to do their due diligence.Renovations on all three units:New roofing & refinished in some areasNew countertops, Quartz in unit BNew paint, interior and exteriorNew windows in unit BNew bathroomsNew flooringNew lighting, fansNew hardwareNew faucetsNew carpentry work throughoutFumigation 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 7.5%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.
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