347 Iliahi St, HILO, Hawaii

$750,000

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15

Beds

3

Baths

4,866

Square feet

0.29

Acres

About 347 Iliahi St

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.

Features of 347 Iliahi St

MLS® # 705740
Price $750,000
Bedrooms 15
Bathrooms 3.00
Full Baths 3
Half Baths 2
Square Footage 4,866
Acres 0.29
Year Built 1918
Type Multi-Family
Status Active

Community Information

Address 347 Iliahi St
Subdivision PUUEO LOTS
City HILO
State Hawaii
Zip Code 96720

Amenities

Features CO2 detection, Smoke/Heat Detector, Ceilings-9'+, Kitchen-Community
Parking Other (remarks)
View Mountain, Sunset
Is Waterfront Yes
Has Pool No

Exterior

Exterior Wood
Lot Description Grassy
Roof Steel/Metal

Additional Information

Date Listed January 22nd, 2024
Days on Market 179
Zoning RM-1
Foreclosure No
Short Sale No

Listing Details

OfficeBetter Homes and Gardens Real Estate Hank Correa Realty

Listing Map

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