347 ILIAHI ST # HILO HI 96720

PUUEO LOTS

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15 bd
3 | 2 | ba
Sq ft: 4,866
MULTI-UNIT RESIDENTIAL
1918

Active$850000347 ILIAHI ST # HILO HI 96720

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Fully functioning 15 unit multi-family building just 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.

Don’t 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.

LOCATION INFORMATION

District: South Hilo
Latitude: 19.72914191
Frontage: Stream/Canal,Road/Street Subdivision: PUUEO LOTS
INTERIOR FEATURES
1/2 Baths: 2
Features: Ceilings-9'+,CO2 detection,Kitchen-Community,Smoke/Heat Detector
EXTERIOR FEATURES

Septic or Sewer: Sewer-Not Connected
Water: County
Parking Description: Other (remarks) Has a Pool: No
Zoning: RM-1 Lot Size in Sq. Ft: 12543
Is Oceanfront Parcel: No Road Description: County
Fencing: Chain Link
Lot Description: Grassy
Topography: Steep Slope
Security: Mountain,Sunset
FEATURES

Power: Overhead
Additional Information

Tax Key: 3260030170000
Property Type: MULTI-UNIT RESIDENTIAL
Year Built: 1918
Taxes: 7180.59
Release Date: 22-01-2024 Land Tenure: Fee Simple
$ 3,151 per month
30 Year Fixed. 3.525% Interest Rate.
Principal + Interest: $
Monthly Tax: $
Monthly Insurance: $ 157

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Based on a fully amortized fixed rate loan. Ask your agent for the tax rates in your area. Insurance estimate is based on an average cost, your final premium cost will be determined by the type of coverage you select. This program only provides an estimate.

Listed by: Better Homes and Gardens Real Estate Hank Correa Realty

Seller’s Representative:

Kohanaiki Realty LLC © 2023 Hawaii Information Service. All rights reserved. © 2023 MLS Hawaii, Inc. All rights reserved.

Provided Courtesy of Hawaii Information Service. In this page not only will you see properties represented by Kohala Coast Properties, but also properties represented by other members of Hawaii Information Service. This information has been supplied by third parties and has not been independently verified by Hawaii Information Service and is, therefore, not guaranteed. IDX information is provided exclusively for consumers’ personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is updated approximately every two hours. The last update time is shown below.

HIS data last updated at March 10, 2024 8:44 PM HAST

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