1521 KINOOLE ST, HILO, HI 96720

$430,000
6
BD
2
BA
1,347
SqFt
List Price
$430,000
Days on Market
135
MLS#
602907
Status
ACTIVE
Type
Multifamily
Bedrooms
6
Bathrooms
2
Living Area
1,347
Land Tenure
Fee Simple
Neighborhood
Waiakea Hmstd. Houselots

Property Description

As the largest city and the county seat in the island of Hawaii, Hilo has a population that has grown steadily through the years from its first recorded population census of a mere 6,745 people in 1910 to 25,966 in 1960, 35,269 in 1980 and 43,263 in 2010 – the last official population census. Clearly Hilo’s population has been growing and with it there is a corresponding increasing demand for goods, services and real estate. As a major thoroughfare in Hilo, Kinoole St., especially as it gets closer to downtown Hilo, has seen tremendous changes in recent years. An increasing number of houses that dot Kinoole St have been transformed into medical and business facilities and appropriately re-zoned as commercial. The subject listing is very near a property that has been re-zoned as commercial at the corner of Kawili and Kinoole St. It is is within about a 15 minute walking distance to both the University of Hawaii – Hilo campus and the Hawaii Community College making it an ideal rental and investment property now and down the road. Here are what make this listing truly special and worth buying now: 1. Location! It is only about a 5-minute drive to downtown Hilo, nearby county and state offices and schools and universities and in an area where many residential houses have been converted to commercial establishments; 2. There are two houses on the property that are current rentals providing a combined monthly income of about $2,475. 3. The front house has been refurbished within the last three years including a roof change. 4. Hilo’s population continues to rise and with the growth there will be a corresponding increase in demand for housing close to the University of Hawaii-Hilo campus and the Hawaii Community College. Invest in the future now before the cyclical real estate market turns and prices begin to rise. With a listing like this one & an eye to the future, you can almost never go wrong!

Additional Information

Solid Waste Disposal Trash
Other (remarks)
Roads
County, Paved
Parking
Other (remarks)
Taxes Annual
$1830
Appliances
None
Lot Number
10
Zoning
RS-10
Design
Single Wall
Lot Size
7,865
Water
Municipal
Power
Overhead
Year Built
1940
Sewer
Sewer-Connected
Assessed Value
182100
District
South Hilo

Mortgage Calculator

Amount of Loan
Annual Interest Rate
%
Term of Loan
Years

Does not include any taxes or fees.
Please consult a financial professional.

Listing courtesy of Savio Realty Ltd. - Hilo Office.

Based on information from the Multiple Listing Service of the Hawaii Information Service listings last updated . Information is deemed reliable but not guaranteed. Copyright 2017 by the Hawaii Information Service Some of the active listings appearing on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer’s agent. If the active listing you are interested in is our company’s active listing, you may speak to one of our agents regarding your options for representation.