Heather E. Hedenschau, CRS
heather@bigislandbrokers.com
(808) 345-9800
Big Island Brokers

15-1419 Railroad Ave
$1,100,000
Price:
$1,100,000
Bedrooms:
4
Bathrooms:
4.01
MLS:
(ACTIVE) 654639
Interior Area:
2,472 sqft
Price/sqft:
$445
Year Built:
1990
Lot Size:
2.32 acre(s)
Land Tenure:
Fee Simple
Property Type:
Multiple Property Types
On Market:
Sep 27, 2021
Updated:
Nov 17, 2021
Foreclosure:

Listing Remarks

Been wanting to have an INSTANT INCOME and live a tropical lifestyle? This amazing property could be perfect! Situated on TWO oversize lots that total 2.32 LUSHLY LANDSCAPED Acres; with Three dwellings! Live in the main home; continue to rent out the other three legal units in the short term vacation rental market. The law changed a few years ago making 80% of the vacation rental units illegal, this property with a transferrable STVR License is very valuable & rare.

Main home has one bedroom, 1.5 bathrooms; a covered entrance lanai and a large 10' by 24' covered back lanai overlooking the lush gardens and the pool plus an attached 480 SF enclosed garage/workshop and golf cart. The in-ground pool is 15' by 40'

Behind the main home is a legal 1 bed/1 bath home with a full kitchen. This is being used as a legal hosted vacation rental unit. It has it's own septic system and water tank. This has been well designed with plenty of lush landscaping between the two units for privacy.

Then on the adjacent parcel, that is included in the sale, tmk 3-1-5-42-253 there are two separate LICENSED STVR Units. Larger unit has full kitchen and one bedroom with full bathroom. The third unit is 1 bedroom 1 bath. Both of these have privacy plantings.

Ideal location approx 15 min from City of Hilo and an 8 min drive to quaint Pahoa Town for the new multi-million shopping center with gym, shopping, art boutiques, restaurants, banks, churches and grocery store. Pahoa also has an Olympic size pool and skatepark. Also just a few minutes to the ocean cliffs to watch whales frolic during whale season.

Sold TURN-KEY with everything you need to immediately take over the rentals that are in place for many months. The sellers will help the new buyers set up their own VRBO and Airbnb listings and will help facilitate the transfer of the rental reservations. 81% Occupancy! Amazing opportunity.

Prefer Deitra Lopez & Team A at First American Title, Hilo

Property Location

Public Reports

Other Details

Address: 15-1419 Railroad Ave , Hawaiian Paradise Park 96749
Lat/Long: 19.58166188 | -154.97902641
Taxkey: 3150422540000
Lot Number: 113
Property Type: Multiple Property Types
Bedrooms: 4
Full Baths: 4
Half Baths: 1
Living Area: 2,472 sqft
Land Area:
Oceanfront Parcel: N
Pool: N
Annual Tax: $2,260
Assessed Value: $413,600
Assessment Year: 2021
Zoning: A-1A
Assessed Land Value: $25,200
Assessed Improvements Value: $162,500
Annual Tax (Year): 2015
Garage Area: 460 sqft
Carport Area: 320 sqft
Car Storage:
  • Covered
  • Attached
  • Other(remarks)
Appliances:
  • Refrigerator
  • Range/Oven
Design:
  • Double Wall
  • Wood Frame
Features:
  • Landscaped
  • Recreation Area
  • Storage Area
Fencing:
  • Rock/Stone
  • Other(remarks)
  • Vinyl
Floor Covering:
  • Hardwood
Lot Description:
  • Grassy
  • Other(remarks)
  • Wooded
Roads:
  • Private
  • Unpaved
Topography:
  • Fairly Level
TV Availability:
  • Cable
Washer/Dryer:
  • Dryer
  • Other(remarks)
  • Washer
Sewage:
  • Cesspool
  • Septic
  • Other(remarks)
The View:
  • Forest
  • Garden