Active

127 KANOELANI ST 1

HILO HI, 96720

$1,145,500


$199.36 per sqft

Active

7 Beds

4 Baths

5,746 sqft

Residential

Built in 1987

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

This 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

712511

MLS ID

January 4, 2025

Listed

February 5, 2025

Updated

Map

127 KANOELANI ST 1
HILO HI, 96720

Interior Features

Bedrooms

7


Total Bathrooms

4


Full Bathrooms

4


Appliances

Disposal, Range, Oven, Refrigerator, Dryer, Washer


Floor Description

Carpet, Hardwood, Vinyl


Fireplace

No


Cooling

No


Heating

No

Exterior/Building Features

Lot Size

0.61 Acres

Other Property Details

Area Name

South Hilo


Taxes

$11,508


Tax Frequency

Annually


Days on Market

31


Garage

Yes


Parking

Attached


View

No


County

Hawaii


Pool

No


Zoning

RS-15

 

Courtesy of Hara Chun Realty, LLC, Gina Hara Chun

Listing Contact:  

All information deemed reliable but not guaranteed and should be independently verified. All properties are subject to prior sale, change, or withdrawal. Neither listing broker(s) nor Cheree Rapozo shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless.

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