320 ILIAHI ST, HILO, HI 96720

6 unit fee simple furnished apartment building; great upside, North of Hilo

Listing Provided by: Hilo Brokers Ltd
MLS #: 720885

Description

Great multifamily rental property with upside potential. Six 1 bedroom unit, fee simple single story apartment building on 1/4 acre lot, connected to sewer. Lava zone 8, just North of Hilo.All 6 units are furnished, one is currently vacant for viewing. Each unit has it's own electric meter and hot water heater. 7 parking spaces with additional street parking available. Roof is approx 20 years old. Just a few minutes walk to downtown Hilo with restaurants, shopping, schools and more.Current rents: 3 units @ $1,800, 1 unit @ $1,600, 1 unit @ $1,400. All leases are Month-To=Month; all tenants & leases will remain in place through closing.Gross income: 2024 $91.5k, 2023 $82k, 2022 $84k.Property tax $4,779/year; insurance approx $3k/year; water approx $1,200k/year; sewer approx $1,800/year; common area electric approx $150/month.Shower stalls, carpets and drapes all replaced/repaired in 2023. DSL internet and cable TV connected, owner currently pays these expenses in addition to electricity. Coin op washer & dryer on site.Don't miss out on this investment opportunity!

Property Details

Price: $1,200,000
Sold Price:
Address: 320 ILIAHI ST, HILO, HI 96720
Ownership: Full
Status: Contingent
Category: Residential Income
Type:

Total Bedrooms: 6
Total Bathrooms: 6
Full Baths: 6
Living Area: 2,388 Square Feet

Listed by: Hilo Brokers Ltd
Year Built: 1978
Levels:

Features and Amenities

Interior Features:
Exterior Features:
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Pool:
Pool Features:

Appliances:
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Flooring:
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Laundry:

Garage Spaces:
Carport Spaces:
Parking Features: Unassigned
Additional Structures:
Home Warranty:

Community Information

Project Name:
Subdivision Name: PUUEO LOTS
Association Fee: $0 Monthly

Stories:
Year Established:

Lava Zone: 8
Flood Zone: X

Land Information

Lot Size: 11,124 Square Feet
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple

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Frontage Type:
Roads: County, Curbs/Gutters, Paved
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Zoning: RM-1
Horse Amenities:

Additional Details

Assessed Tax Value: $408,400
Annual Tax: $4,778
Tax Year: 2024
Tax Lot: 14
Tax Block:

Utilities: Electricity Available, Sewer Connected
Cooling:
Heating:
Sewer:
Water:
Solid Waste Disposal: None

First Listed May 11, 2025, 9:20 am
Last Updated July 3, 2025, 2:55 pm
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:

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