Deborah Oakley-Melvin
deborahom@kw.com
(808) 931-0103
Keller Williams Honolulu

474-A Wainaku St 96720
$1,200,000
Price:
$1,200,000
Bedrooms:
15
Bathrooms:
5
MLS:
(CONTINGENT) 632175
Interior Area:
6,674 sqft
Price/sqft:
$180
Year Built:
1926
Lot Size:
0.95 acre(s)
Land Tenure:
Fee Simple
Property Type:
Multiple Property Types
On Market:
Sep 20, 2019
Updated:
Nov 23, 2019
Foreclosure:

Listing Remarks

Nearly an acre of land with ocean views in Hilo's Wainaku, close to downtown. This historic property has potential as a school, a yoga community, or can continue as rentals (long term tenants are now all month to month). Unbeatable location on nearly an acre, six vintage rental units, parking, and an additional fully remodeled warehouse/office space.

Built by a local Hawaiian family in the 1930's, rewiring and remodeling took place in the 1960s and has been ongoing in some units. Others are in need of updates and upgrading. Electrical has been fully upgraded, separate water meters for most units.

Common areas have an ample (new) parking lot, fruit trees, wide lawns, and a common driveway. Street parking exists as well.

Street frontage: historic commercial use - formerly a barber shop, liquor store, and small grocery. Current usage is a completely remodeled construction office and warehouse/storage, a two story rental unit with ocean and mauna views from two upstairs lanais, and an additional two units, one with three bedrooms, the other with two bedrooms. Current zoning is RS-10 (one home per 10,000 square feet)and a SMA.

Features of other structures (not on the street) include:
1) First photo is of the 80% complete new structure on the same footprint of the older structure with unobstructable OCEAN views.
2) Three bedroom home at Hamakua side of the property with front lanai, usable laundry and storage space below.
3) Three bedroom smaller home with additional space below to expand.
4) Two bedroom home and large lanai with expansive ocean views at ocean (Hilo) side of the property.

Please have your realtor provide 48 hours notice to show as there are multiple tenants to coordinate. Seller is motivated and this is truly a one of a kind, kama'aina opportunity. Mahalo for a short notice appointment just to drive in and take a look at the exterior and the interior of the new structure on the property

Property Location

Public Reports

Other Details

Address: 474-A Wainaku St , Wainaku-Halepuna 96720
Lat/Long: 19.73669213 | -155.09197964
Taxkey: 3260160140000
Property Type: Multiple Property Types
Bedrooms: 15
Full Baths: 5
Living Area: 6,674 sqft
Land Area:
Oceanfront Parcel: N
Pool: N
Annual Tax: $7,873
Assessed Value: $811,600
Assessment Year: 2019
Zoning: RS-10
Assessed Land Value: $249,200
Assessed Improvements Value: $434,600
Annual Tax (Year): 2015
Garage Area: 0 sqft
Car Storage:
  • Detached
  • Unassigned
Appliances:
  • Range/Oven
  • Other
Fencing:
  • Other(remarks)
Floor Covering:
  • Carpet
Lot Description:
  • Clear
  • Grassy
  • Inside
Roads:
  • Curbs/Gutters
  • Paved
Topography:
  • Not Available
TV Availability:
  • Satellite
  • Cable
Washer/Dryer:
  • Hook-ups Avail
Sewage:
  • Cesspool
The View:
  • Bay
  • Canyon
  • Coastline
  • Ocean