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127 Kanoelani St , #1

Hilo, HI 96720
  • $1,145,500
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 712511
UPDATED: 51 min ago
$1,145,500
  • 7
    BEDS
  • 0.61
    ACRES
  • 4
    BATHS
  • 0
    1/2 BATHS
  • 5,746
    SQFT
  • $199
    $/SQFT
Type:
Single-Family Home
Built:
1987
Area:

School Ratings & Info

Description

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

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© 2025 MLS Hawaii, Inc. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Soraya Letournel Real Estate | CØMPASS. Data last updated: 2025-01-22T19:34:37.28.
www.sorayaletournel.com/homes/159192300
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127 Kanoelani St , #1 Hilo, HI 96720

  • Price: $1,145,500
  • Status: Active
  • On Site: 17 Days
  • Updated: 51 min ago
  • MLS #: 712511
7
Beds
4
Baths
0
½ Baths
0.61
Acres
5,746
SQFT
$199
$/SQFT
1987
Built
Neighborhood:
Waiakea Homesteads 1st Series
Area:
South Hilo
Property Description
Prime Multi-Unit Property with Income Potential & Owner-Occupant OpportunityThis 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
Exterior Features

Carport Area Total 460 Design Wood Frame Exterior Area Total 2212 Land Tenure Fee Simple Lot Description Other (remarks)Grassy Ocean Front No Pool No Roads County

Interior Features

Appliances DisposalRefrigeratorRange/OvenRange Hood Floors CarpetCeramic TileHardwoodVinyl Washer Dryer DryerWasher

Property Features

Assessed Value 1113600 Assessment Year 2024 Distressed Standard Sale Lava Zone 3 Lot Number 10 Monthly Association Fees 0.00 Oceanfront Unit N N Power Overhead Property Type Residential Sewer Cesspool Solid Waste Disposal None Tax Key 324014052 Taxes 11508.48 Terms CashConventional Vehicle Parking AttachedNone Water County Zoning RS-15

Listing information © 2025 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of Hara Chun Realty, LLC.


© 2025 MLS Hawaii, Inc. All rights reserved. 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. Information is deemed reliable but is not guaranteed accurate by the MLS or Soraya Letournel Real Estate | CØMPASS. Data last updated: 2025-01-22T19:34:37.28.
 
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