About 55-492 Ilina Rd
Charming Plantation Home in Hawi – Multi-Unit Investment Opportunity
Seller financing may be available with 50% to 60% down, subject to buyer qualifications.
Location, location, location! Just a five-minute walk from downtown Hawi’s restaurants, shopping, and services, this beautifully remodeled Plantation home offers versatile living options with four self-contained units. Thoughtfully designed for comfort and functionality, the property embodies the charm of North Kohala’s Plantation era, with tasteful finishes that capture the essence of old Hawaii.
Surrounded by mature fruit trees and lush landscaping, the home provides a tranquil and picturesque setting. The main house has been reconfigured into three separate units. The upstairs 2-bedroom, 1.5-bath features granite kitchen counters, stainless steel appliances, Kohler bath fixtures, and ceiling fans throughout, offering excellent airflow and captivating views. The ground-floor 1-bedroom, 1-bath unit boasts an eat-in kitchen and abundant natural light with serene garden views. At the back, an efficient 1-bedroom, 1-bath apartment provides a cozy, low-maintenance living space.
Additionally, the detached back cottage was remodeled in 2018 with a new roof structure, corrugated metal roofing, and significant kitchen and bath upgrades. With a 6.5% cap rate, this property presents an excellent investment opportunity in the heart of Hawi.
