127 KANOELANI ST, #1, HILO, HI 96720

Prime Multi-unit property offering income potential and owner-occupancy.

Listing Provided by: Hara Chun Realty, LLC
MLS #: 712511

Description

Prime Multi-Unit Property with Income Potential & Owner-Occupant OpportunityThis 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

Property Details

Price: $1,145,500
Sold Price:
Address: 127 KANOELANI ST, #1, HILO, HI 96720
Ownership: Full
Status: Active
Category: Residential
Type:

Total Bedrooms: 7
Total Bathrooms: 4
Full Baths: 4
Living Area: 5,746 Square Feet

Listed by: Hara Chun Realty, LLC
Year Built: 1951
Levels: Two

Features and Amenities

Interior Features:
Exterior Features:
View:
Pool:
Pool Features:

Appliances: Disposal, Dryer, Range, Range Hood, Refrigerator, Washer
Fireplace Features:
Flooring: Carpet, Ceramic Tile, Hardwood, Vinyl
Security:
Laundry:

Garage Spaces:
Carport Spaces: 1409
Parking Features: Attached, None
Additional Structures:
Home Warranty:

Community Information

Project Name:
Subdivision Name: WAIAKEA HOMESTEADS 1ST SERIES
Association Fee: $0 Monthly

Stories:
Year Established:

Lava Zone: 3
Flood Zone: X

Land Information

Lot Size: 26,640 Square Feet
Waterfront:
Land Lease Rent:
Lease Type:
Land Tenure: Fee Simple

Lot Features: Grassy, See Remarks
Frontage: a:0:{}
Frontage Type:
Roads: County
Roads Frontage Type:

Zoning: RS-15
Horse Amenities:

Additional Details

Assessed Tax Value: $1,113,600
Annual Tax: $11,508
Tax Year: 2023
Tax Lot: 10
Tax Block:

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

First Listed January 4, 2025, 1:03 pm
Last Updated January 4, 2025, 1:03 pm
Listing Conditions: Fee Simple, Standard
Property Condition:
Financial Info Available:

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