127 KANOELANI ST #1 Active Save Request In-Person Tour Request Virtual Tour
Hilo,HI 96720
Key Details
Property Type Single Family Home
Listing Status Active
Purchase Type For Sale
Square Footage 5,746 sqft
Price per Sqft $199
Subdivision Waiakea Homesteads 1St Series
MLS Listing ID 712511
Bedrooms 7
Full Baths 4
Year Built 1987
Annual Tax Amount $11,508
Lot Size 0.612 Acres
Property Description
Prime Multi-Unit Property with Income Potential & Owner-Occupant Opportunity
This exceptional multi-unit property, located on a spacious 26,640 sq ft lot with two private driveways, offers a unique opportunity for both investment and owner-occupancy. Recently remodeled and move-in ready, the layout ensures privacy for all units while maximizing rental income potential.
Front Home: Features three units:
Main Unit: A 3-bedroom, 2-bathroom home with generous living space, a large lanai, and a 2-car carport.
Upstairs Unit: A 1-bedroom, 1-bathroom unit with a kitchen, private access, exterior lanai, and 2-car carport.
Downstairs Unit: A 1-bedroom, 1-bathroom unit with its own carport, ideal for small households. All three units are occupied, generating reliable rental income.
Back Home: A spacious 4-bedroom, 2-bathroom home with a carport, currently vacant, offers an ideal opportunity for owner-occupancy. The back home also includes a 1-bedroom, 1-bathroom unit, which is being leased for additional rental income.
While distant ocean views from the back lanai enhance the peaceful atmosphere, the true value of this property lies in its versatility. The large lot offers ample space for landscaping, gardening, and additional privacy.
Whether you choose to live in the back home while collecting income from the front units or lease all units for maximum cash flow, this property offers long-term financial potential. A rare opportunity to invest in both a tranquil residence and a profitable rental property.
E Komo Mai (Welcome and Come on by)
The information herein, while deemed reliable, may contain inaccuracies or be incorrect & is provided without warranty or guarantee of any kind. Buyer & buyer's agent to perform due diligence and investigate & confirm all pertinent & material facts. Sold As-Is. There are no guarantees or warranties
Location
State HI
Area South Hilo
Zoning RS-15
Interior
Flooring Carpet,Ceramic Tile,Hardwood,Vinyl
Exterior
Parking Features Attached,None
Pool No
Building
Lot Description Other (remarks),Grassy
Sewer Cesspool
Water County
Others
Acceptable Financing Cash,Conventional
Listing Terms Cash,Conventional
Virtual Tour https://realestatevideos.vids.io/videos/4491d0be1b1ce9cfcd/127-kanoelani-st-rev