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!
Listing courtesy of Savio Realty Ltd. - Hilo Office.
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