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SOLD
MLS: 665166
 
Asking Price: $1,699,900 Fee Simple
Sold Price: $1,500,000
Sold Date: 12/16/2022
Type: Residential
District: South Hilo
Street: 2107 Kaiwiki Rd
Neighborhood: Kaiwiki Homesteads I & Ii
Beds: 7   Baths: 5
Living Area: 5,638 SF
Style: 4+ Units
Land Area: 0.59 Acres
Parking: Attached
Days on Market: 587
Year Built: 2008
Zoning: A-5A
Roads: County,Paved
Property Taxes: $6,445
Assessed Value: $1,420,200
Assessed Ratio: 119.69%
Listing Courtesy: Bizwala
Terms Acceptable: 1031 Exchange,ARM,Cash,Conventional
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Best deal in the state of Hawaii. Huge house with ocean views.

Attention medical professionals and anyone that wants or needs to live near downtown Hilo

***THIS IS ABSOLUTLY THE BEST DEAL ON A HOME IN HAWAII***

Within 4 miles of downtown Hilo and stunning views of the ocean from every floor in this three-story home.
5634 sq ft that can be 3 or 4 separate units. Think positive cash flow or renting out some units and living for free
Plus you are walking into over $500k in equity (move in ready, but could use some updating)
Home is priced at $177/sq ft and Hilo homes typically sell for $400 per sq/ft

Lower units:
2-bedroom 1 bath with full kitchen
1 bedroom 1 bath with kitchenette
Common area between units for laundry area
Separate driveway and parking for these two units

2nd story is the main living area with giant living room, great room, kitchen with pantry, 3 bedrooms, 1 bathroom, large laundry room and direct access to the 2 car garage

3rd story can either be a separate 1 bedroom 1 bath or the master penthouse suite. The third floor has a master bedroom with loft area reading nook. Also has a separate kitchenette and area for dining and living. Plus deck space with views of the ocean and all of the Hilo area. Mater bathroom is very elegant and spacious. Nice sized walk-in closet.

Plenty of decking so grab a glass of wine and unwind while taking in the beautiful ocean vistas at a nice cooler elevation.

Because of tenants, showings are every Sunday from 12-2pm.


 
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