Henry J. Correa Jr.
hank@hankcorrea.com
(808) 961-3300
Better Homes and Gardens Real Estate Hank Correa Realty

347 Iliahi St
$750,000
Price:
$750,000
Bedrooms:
15
Bathrooms:
3.02
MLS:
(ACTIVE) 705740
Interior Area:
4,866 sqft
Price/sqft:
$154
Year Built:
1918
Lot Size:
12,543 sqft
Land Tenure:
Fee Simple
Property Type:
Multiple Property Types
On Market:
Jan 22, 2024
Updated:
Jul 18, 2024
Foreclosure:

Listing Remarks

Fully functioning 15 unit multi-family building just a few minutes from downtown Hilo.

This permitted three-story building was converted from a single-family residence to a 15 unit congregate dwelling with three and a half bathrooms and three full kitchens to service each floor. The lower level consists of six units renting for $350/month. The second level consist of five units renting for $400/month. Lastly, the third floor consist of four units also renting for $400/month.

The community of tenants are required to follow a set of house rules, and “good neighbor” principles guided by the mutual respect and trust of their fellow tenants. Such a methodology has been the cornerstone for the continued success of this prosperous multifamily rental business.

Don’t let this investment opportunity slip you by!

Information herein deemed reliable but not guaranteed. Buyer and Buyers Agent to do their own due diligence of all pertinent facts.

Property Location



Public Reports

Other Details

Address: 347 Iliahi St , Puueo Lots 96720
Lat/Long: 19.72914191 | -155.09100319
Taxkey: 3260030170000
Property Type: Multiple Property Types
Bedrooms: 15
Full Baths: 3
Half Baths: 2
Living Area: 4,866 sqft
Land Area:
Oceanfront Parcel: N
Pool: N
Annual Tax: $7,181
Assessed Value: $646,900
Assessment Year: 2023
Zoning: RM-1
Assessed Land Value: $66,400
Assessed Improvements Value: $166,500
Annual Tax (Year): 2015
Garage Area: 0 sqft
Carport Area: 0 sqft
Car Storage:
  • Other(remarks)
Features:
  • 9 Foot Ceilings
  • CO2 Detection
  • Community Kitchen
  • Smoke/Heat Detector
Fencing:
  • Chain Link
Lot Description:
  • Grassy
Roads:
  • County
Topography:
  • Steep Slope
TV Availability:
  • Cable
Sewage:
  • Sewer-Not Connected
The View:
  • Mountain
  • Sunset