Estimated payment $4,731/month
About This Home
Nice rental property in Hilo. All units have been renovated and are rented. Three individual and separate rentals with carports. One TMK# makes for easy management. Good tenants, good income. Subdivision possible. Buyer is advised to do their due diligence. Cap rate of 7.68%
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 7.68%
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.
Listing Agent
Big Island Properties Brokerage Phone: 8083452202 License #RB-16293 Listed on: 07/08/2024
Property Details
Home Type
- Multi-Family
Est. Annual Taxes
- $3,705
Year Built
- Built in 1954
Lot Details
- Property fronts a county road
Home Design
- 2,092 Sq Ft Home
- Triplex
Bedrooms and Bathrooms
- 5 Bedrooms
Parking
- Garage
- Assigned Parking
Utilities
- Cesspool
- Private Sewer
- Internet Available
- Phone Available
- Cable TV Available
Community Details
- Waiakea Highland View Lots Subdivision
Listing and Financial Details
- Tax Lot 3
- Assessor Parcel Number 3220550080000
Map
Home Values in the Area
Average Home Value in this Area
Tax History
| Year | Tax Paid | Tax Assessment Tax Assessment Total Assessment is a certain percentage of the fair market value that is determined by local assessors to be the total taxable value of land and additions on the property. | Land | Improvement |
|---|---|---|---|---|
| 2025 | $1,441 | $249,400 | $112,400 | $137,000 |
| 2024 | $1,441 | $242,100 | $112,400 | $129,700 |
| 2023 | $1,445 | $235,000 | $112,400 | $122,600 |
| 2022 | $1,403 | $228,200 | $112,400 | $115,800 |
| 2021 | $1,363 | $221,600 | $112,400 | $109,200 |
| 2020 | $1,323 | $215,100 | $112,400 | $102,700 |
| 2019 | $1,284 | $208,800 | $112,400 | $96,400 |
| 2018 | $1,247 | $202,700 | $112,400 | $90,300 |
| 2017 | $1,210 | $196,800 | $112,400 | $84,400 |
| 2016 | $1,175 | $191,100 | $112,400 | $78,700 |
| 2015 | -- | $185,500 | $112,400 | $73,100 |
| 2014 | -- | $180,100 | $107,500 | $72,600 |
Property History
| Date | Event | Price | Change | Sq Ft Price |
|---|---|---|---|---|
| 04/11/2025 04/11/25 | Price Changed | $799,000 | -3.6% | $382 / Sq Ft |
| 02/28/2025 02/28/25 | Price Changed | $829,000 | -2.4% | $396 / Sq Ft |
| 10/12/2024 10/12/24 | Price Changed | $849,000 | -2.6% | $406 / Sq Ft |
| 09/16/2024 09/16/24 | Off Market | $872,030 | -- | -- |
| 09/12/2024 09/12/24 | Off Market | $872,030 | -- | -- |
| 09/10/2024 09/10/24 | For Sale | $872,030 | 0.0% | $417 / Sq Ft |
| 07/29/2024 07/29/24 | Price Changed | $872,030 | -1.9% | $417 / Sq Ft |
| 07/23/2024 07/23/24 | Price Changed | $889,000 | -63.4% | $425 / Sq Ft |
| 07/10/2024 07/10/24 | For Sale | $2,426,000 | +169.9% | $655 / Sq Ft |
| 07/08/2024 07/08/24 | For Sale | $899,000 | -- | $430 / Sq Ft |
Purchase History
| Date | Type | Sale Price | Title Company |
|---|---|---|---|
| Warranty Deed | $160,000 | Fam | |
| Warranty Deed | $30,000 | -- |
Mortgage History
| Date | Status | Loan Amount | Loan Type |
|---|---|---|---|
| Open | $200,000 | Credit Line Revolving | |
| Closed | $150,000 | Credit Line Revolving | |
| Closed | $150,000 | Credit Line Revolving |
Source: Hawaii Information Service (MLS Hawaii)
MLS Number: 710954
APN: 3-2-2-055-011-0000
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IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Data is deemed reliable but is not guaranteed accurate by the MLS.
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