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2107 KAIWIKI RD Hilo, HI 96720
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Key Details
Sold Price $1,500,000
Property Type Multi-Family
Sub Type Four Or More Units
Listing Status Sold
Purchase Type For Sale
Square Footage 5,638 sqft
Price per Sqft $266
Subdivision Kaiwiki Homesteads I & Ii
MLS Listing ID 665166
Sold Date 12/16/22
Bedrooms 7
Full Baths 5
HOA Y/N No
Year Built 2008
Annual Tax Amount $6,445
Tax Year 2022
Property Sub-Type Four Or More Units
Source Hawaii Information Service
Land Area 25613
Property Description
Attention medical professionals and anyone that wants or needs to live near downtown Hilo
***THIS IS ABSOLUTLY THE BEST DEAL ON A HOME IN HAWAII***
Within 4 miles of downtown Hilo and stunning views of the ocean from every floor in this three-story home.
5634 sq ft that can be 3 or 4 separate units. Think positive cash flow or renting out some units and living for free
Plus you are walking into over $500k in equity (move in ready, but could use some updating)
Home is priced at $177/sq ft and Hilo homes typically sell for $400+ per sq/ft
Lower units:
2-bedroom 1 bath with full kitchen
1 bedroom 1 bath with kitchenette
Common area between units for laundry area
Separate driveway and parking for these two units
2nd story is the main living area with giant living room, great room, kitchen with pantry, 3 bedrooms, 1 bathroom, large laundry room and direct access to the 2 car garage
3rd story can either be a separate 1 bedroom 1 bath or the master penthouse suite. The third floor has a master bedroom with loft area reading nook. Also has a separate kitchenette and area for dining and living. Plus deck space with views of the ocean and all of the Hilo area. Mater bathroom is very elegant and spacious. Nice sized walk-in closet.
Plenty of decking so grab a glass of wine and unwind while taking in the beautiful ocean vistas at a nice cooler elevation.
Because of tenants, showings are every Sunday from 12-2pm.
Location
State HI
Community Kaiwiki Homesteads I & Ii
Area Hi
Zoning A-5A
Region South Hilo
City Region South Hilo
Interior
Appliance Double Oven, Electric Cooktop, Refrigerator
Exterior
Parking Features Attached
Utilities Available Electricity Available
View Y/N Yes
View Bay, HIS Sunrise, Ocean, Ocean Horizon
Topography Fairly Level
Garage No
Private Pool No
Building
Lot Description Cleared, Grassy
Sewer Cesspool
Others
Ownership Full
Acceptable Financing 1031 Exchange, Cash, Conventional, HIS ARM
Listing Terms 1031 Exchange, Cash, Conventional, HIS ARM
Special Listing Condition Fee Simple, Standard
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Penn Henderson
HAWAII REALTOR® | License ID: RS-83962
HAWAII REALTOR® License ID: RS-83962