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SOLD
MLS: 275352 (Short Sale)
 
Asking Price: $550,000 Fee Simple
Sold Price: $530,000
Sold Date: 02/03/2015
Type: Multi-Family
District: South Hilo
Street: 94 Kapiolani St
Beds: 9   Baths: 5
Living Area: 3,435 SF
Style: 4+ Units
Land Area: 13,650 SF
Parking: Covered
Days on Market: 3569
Year Built: 1905
Zoning: RM-1
Roads: County,Paved
Property Taxes: $4,196
Assessed Value: $395,400
Assessed Ratio: 139.1%
Listing Courtesy: Coldwell Banker Day-Lum Properties
Terms Acceptable: Cash,Conventional
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A rare find and great investment opportunity in Hilo, Hawaii. With RM-1 zoning, you have a total of 4 houses. These homes bring in $ 4000/month in rental income.

As you face the property, there are 3 homes on the right, each with 2 bedrooms/1 bath. Each cottage is very similar to each other in size. Some of the homes do need some deferred maintenance to be done but they are in quite decent condition.

The home to the left has 3 bedrooms and 2 baths.

It is a small community with a shared driveway and parking on property as well as parking available on the street. Great location near shopping, schools, farmers market, and quaint Hilo town. It is also near to the University of Hawaii at Hilo. Location, location and location with a strong rental income stream.


 
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