Hawaii Living

76 PALAI ST (Hilo)

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76 PALAI ST , Hilo
Inquire / Showing / Video Tour
Description
Nice rental property in Hilo. All units have been renovated and are rented. Three individual and separate rentals with carports on one TMK# makes for easy management. Good tenants, good income. Subdivision possible. Buyer is advised to do their due diligence.

Renovations on all three units:
New roofing & refinished in some areas
New countertops, Quartz in unit B
New paint, interior and exterior
New windows in unit B
New bathrooms
New flooring
New lighting, fans
New hardware
New faucets
New carpentry work throughout

Fumigation was completed. All units have a separate electric meter installed by HELCO. Rent roll: Unit A $1,832.46 Unit B $2,100 Unit C $1,937.17. Cap Rate 7.5%

The 3 structures are permitted and were built previously to Hawaii county building code in 1976 and are considered legal non-conforming use which does not need a variance from Hawaii county.
Recent Activity
  • Sep 12, 2024 Off Market
  • Jul 06, 2024 Listed at $2,426,000
  • May 16, 2024 Listed at $849,000
  • Mar 12, 2019 Sold for $189,000
  • Jan 14, 2019 Under Contract
  • Jun 25, 2018 Listed at $208,800
More Details
  • Price / ft²: $406
  • Zoning: RS-10
  • TMK: 3220550080000
  • Tax Assessed Value: $333,800
  • Courtesy: Big Island Properties
  • MLS: 710954
MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2024 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on November 21, 2024.
Other Hilo Homes
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47 KAULIKE ST
3 Bds | 2.5 Ba
2,088 ft²
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1704 KINOOLE ST
3 Bds | 1.5 Ba
1,058 ft²
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3905 KILA PL
4 Bds | 3 Ba
1,692 ft²
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106 ANELA ST
4 Bds | 3 Ba
1,390 ft²
Other Big Island Homes
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105 HAIHAI ST
5 Bds | 4 Ba
1,960 ft²
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195 LAHAINA ST
5 Bds | 3.5 Ba
3,332 ft²
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141 KAIKUONO PL
5 Bds | 3 Ba
2,400 ft²
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28-1712 HOMOMU RD
5 Bds | 3 Ba
2,442 ft²
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1395 AINAOLA DR
4 Bds | 2 Ba
996 ft²
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14 WAIAU ST
4 Bds | 2.5 Ba
2,402 ft²
  • Asking Price: $849,000
Description
Nice rental property in Hilo. All units have been renovated and are rented. Three individual and separate rentals with carports on one TMK# makes for easy management. Good tenants, good income. Subdivision possible. Buyer is advised to do their due diligence.

Renovations on all three units:
New roofing & refinished in some areas
New countertops, Quartz in unit B
New paint, interior and exterior
New windows in unit B
New bathrooms
New flooring
New lighting, fans
New hardware
New faucets
New carpentry work throughout

Fumigation was completed. All units have a separate electric meter installed by HELCO. Rent roll: Unit A $1,832.46 Unit B $2,100 Unit C $1,937.17. Cap Rate 7.5%

The 3 structures are permitted and were built previously to Hawaii county building code in 1976 and are considered legal non-conforming use which does not need a variance from Hawaii county.
    MLS properties and information provided herein is deemed reliable but is not guaranteed by the Hawaii Information Service, Inc. Listing Service. © 2024 Hawaii Information Service. All Rights Reserved. This website is for personal, non-commercial use only. Listings last updated on November 21, 2024.
    • Sep 12, 2024 Off Market
    • Jul 06, 2024 Listed at $2,426,000
    • May 16, 2024 Listed at $849,000
    • Mar 12, 2019 Sold for $189,000
    • Jan 14, 2019 Under Contract
    • Jun 25, 2018 Listed at $208,800
    Other Hilo Homes
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    47 KAULIKE ST
    3 Bds | 2.5 Ba
    2,088 ft²
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    1704 KINOOLE ST
    3 Bds | 1.5 Ba
    1,058 ft²
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    3905 KILA PL
    4 Bds | 3 Ba
    1,692 ft²
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    106 ANELA ST
    4 Bds | 3 Ba
    1,390 ft²
    You do not own the land, but have the right to use the land until an expiration year. At expiration the ownership typically reverts back to the land owner.
    Buyer and Seller have reached an agreement and are under contract. However, the sale is still subject to one or more contingencies.
    We have handled many transactions for clients who purchase Hawaii real estate without visiting. By request, we can prepare thorough property videos to ensure you are familiar with every detail necessary. All documents can be signed remotely.
    Buyer and Seller have reached an agreement and are under contract. The sale is expected to close / record soon.
    We will be happy to work with you as a Buyer's agent. Call us to learn more: 808-943-9000.
    Note: A Seller's agent has a fiduciary responsibility towards the Seller. Working with a Buyer's agent objectives and goals are aligned, at no cost to you, the Buyer.
    Other fees could be a special assessment, reserve contributions etc.
    DOM = Days On Market. Our site shows listings immediately. A brand new listing may show DOM 2 or 3 days, if listing agent did not upload the same day listing agreement was executed.
    Includes estimated monthly mortgage payment, maintenance / HOA fees & property taxes. The estimate does not include insurance premiums.
    Learn about property tax rates.