About 76-a Palai St
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 areas 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. 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.
Features of 76-a Palai St
| MLS® # | 710954 |
|---|---|
| Price | $849,000 |
| Bedrooms | 5 |
| Bathrooms | 3.00 |
| Full Baths | 3 |
| Half Baths | 1 |
| Square Footage | 2,092 |
| Acres | 0.46 |
| Type | Multi-Family |
| Status | Active |
Community Information
| Address | 76-a Palai St |
|---|---|
| Subdivision | WAIAKEA HIGHLAND VIEW LOTS |
| City | HILO |
| State | Hawaii |
| Zip Code | 96720 |
Amenities
| Parking | Assigned, Covered, Attached, Detached |
|---|---|
| Is Waterfront | No |
| Has Pool | No |
Exterior
| Exterior | Fir/Pine |
|---|---|
| Roof | Corrugated Iron |
Additional Information
| Date Listed | May 16th, 2024 |
|---|---|
| Days on Market | 247 |
| Zoning | RS-10 |
| Foreclosure | No |
| Short Sale | No |
Listing Details
| Office | Big Island Properties |
|---|