76 E Palai St - Apartments FOR SALE


Hilo, HI 96720
$849,000 USD
808-207-5537
76 E Palai St, Hilo, HI for Sale
$849,000 USD
Apartments - FOR SALE
1/12
null | 7.5% Cap Rate

76 E Palai St
Hilo, HI 96720


HIGHLIGHTS

  • Great location in Hilo town
  • Plenty of parking space

OVERVIEW

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 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. 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.

FOR SALE DETAILS

PRICE

$849,000 USD

PRICE/SF

$406 USD /SF

# OF UNITS

3

PRICE/UNIT

$283,000

CAP RATE

7.5%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY NAME

Multi-family Rentals in Hilo

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

13

LAND DETAILS

LAND ACRES

0.46 AC

LAND SF

20,038 SF

ZONING

RS-10

APN/PARCEL ID

3-2-2-055-008-0000

ASK ABOUT THIS PROPERTY

Ryan LeeHilo DesignMore Info
808-207-5537

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Ryan LeeHilo DesignMore Info
808-207-5537

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.