82-D HOKU ST, HILO, HI 96720

High-Cash-Flow Investment in Downtown Hilo –Now $535,000Hoku Street,Hilo,HI 96720This Downtown Hilo property offers strong income and even higher potential through room-by-room rentals. Homes rented by the room typically earn significantly more monthly income, provide more stable cash flow, and generate higher long-term returns. With 9 rentable rooms, 3 bathrooms, and 2 full kitchens (upstairs and downstairs), the property is already producing solid revenue and can be improved further.Income & ROI:• Current gross income: $70,000–$80,000+ per year• At $535,000 — gross ROI of 13.1% at $70K/year or 15% at $80K/year• Opportunity to increase ROI through optimized room-by-room rentals• Additional tax benefits from depreciation and write-offs• Multi-tenant setup reduces vacancy risk and enhances income stabilityWhy Room-by-Room Works Well Here:• Higher total income than whole-house rentals• Strong demand from students, workers, and medical professionals• Ideal for investors seeking high NOI and rent per square foot• Flexible layout suited for shared housing, workforce rentals, or multi-family useProperty Details:• 9 total rooms• 3 bathrooms• 2 full kitchens• Flexible layout for shared housing or rentals• Potential to raise rental value with updatesPrime Downtown Hilo Location — walking distance to major employers, hospitals, colleges, stores, restaurants, beaches, parks, and public transportation. High rental demand and rare availability in this area.

Listed by: Nathalie Mullinix Realty Universal, Inc.
Year Built: 1945
Levels:

Garage Spaces:
Carport Spaces: 1
Parking Features: Attached
Additional Structures:
Home Warranty:

Lava Zone: 3
Flood Zone: X

Zoning: RD-3.75
Horse Amenities: