94 Kapiolani St, Hilo, HI 96720 listing details

A rare find and great investment opportunity in Hilo, Hawaii. With RM-1 zoning, you have a total of 4 houses with a total of 5 rental units. Currently all of the units are rented with some of them with long time tenants. Collectively, these 5 rental units bring in close to $ 4000/month in rental income. As you face the property, there are 3 homes on the right, each with 2 bedrooms/1 bath. Each cottage is very similar to each other in size. Some of the homes do need some deferred maintenance to be done but they are in quite decent condition. The home to the left has 2 distinct rental uni...ts. There is a 2 bedroom/2 bath home with carport. There is also a 1 bedroom/1 bath apartment with its own private entrance. It is a small community with a shared driveway and parking on property as well as parking available on the street. Great location near shopping, schools, farmers market, and quaint Hilo town. It is also near to the University of Hawaii at Hilo. Location, location and location with a strong rental income stream. Show more