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MLS: 660592 (Active - For Sale)
 
Asking Price: $485,000 Fee Simple
Type: Multi-Family,Residential
District: Puna
Street: 15-2024 19th Ave (manako)
Neighborhood: Hawaiian Paradise Park
Beds: 2   Baths: 2
Living Area: 960 SF
Style: 2 Units
Land Area: 1 Acres
Days on Market: 83
(The Price of the property was lowered by $110,000 on 06/24/2022)
Year Built: 1993
Zoning: A-1A
Roads: Private
Property Taxes: $2,005
Assessed Value: $214,500
Assessed Ratio: 226.11%
Listing Courtesy: Iokua Real Estate, Inc. - Hilo
Terms Acceptable: 1031 Exchange,Cash,Conventional
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2 homes on 1 lot

Here is your chance for rental income! 2 completed and permitted homes (ohana permit on file) on a 1 acre lot in desirable Hawaiian Paradise Park (HPP). The current owner uses the front unit as a hosted Air B&B rental, that brings in an average of about $3600/month, and that is not even at 100% booking rate! Also enjoy high fiberoptic WiFi connection speed that was just installed on this street, perfect for all you work from home individuals, technology/software engineers or home schoolers! In the Front of the property, there is a large natural inground pond that was about 165,000 gallons, and is ready to be restored for any use that you desire. A pool, a fish pond, or perhaps some kind of aquaculture? Use your imagination for endless possibilities!

Front unit consisting of a bedroom, full bath and kitchen with an enclosed lanai area used as an additional bed/sleeping area overlooking the property. Built on a post and pier foundation, this home offers covered parking, storage and a laundry area as well.

Back unit is set up as a large studio with 1 full bath and a full kitchen, along with additional living area on the lanai that overlooks your beautiful property. Built on post and pier foundation, there is plenty of storage space, laundry area and covered parking under the home.

Both units are about 620sqft in living area with enclosed in lanai space! There are so many luscious plants and mature landscaping on the property that each unit has its own privacy from one another, perfect for sharing yard space with tenants or guests.

Both units have separate electric meters and cable.

Take advantage of todays market and rent out one of these cute cottages to help pay for your mortgage and bring in income, or use as a guest home for visiting family and friends!


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2 Transaction(s) Found in Sales History
MLS List Date Sold Date List Price Sold Price
13789406/07/200408/27/2004$198,000$236,000
62491801/15/201905/31/2019$290,000$257,000

 
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