127 Kanoelani St #1, HILO, HI 96720 (MLS # 712511)
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Prime Multi-Unit Property with Income Potential & Owner-Occupant Opportunity
This 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
| DAYS ON MARKET | 6 | LAST UPDATED | 1/4/2025 |
|---|---|---|---|
| TRACT | WAIAKEA HOMESTEADS 1ST SERIES | YEAR BUILT | 1987 |
| COUNTY | Hawaii | STATUS | Active |
| PROPERTY TYPE(S) | Single Family |
| ADDITIONAL DETAILS | |
| APPLIANCES | Disposal, Dryer, Oven, Range, Refrigerator, Washer |
|---|---|
| GARAGE | Attached Garage |
| LOT | 0.61 acre(s) |
| LOT DIMENSIONS | 26640 |
| PARKING | Attached |
| SUBDIVISION | WAIAKEA HOMESTEADS 1ST SERIES |
| TAXES | 11508.48 |
| ZONING | RS-15 |
MORTGAGE CALCULATOR
TOTAL MONTHLY PAYMENT
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Listed with Hara Chun Realty, LLC
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd.
active listings last updated on 1/10/25 6:22 AM PST.
Information is deemed reliable but not guaranteed.
Copyright: 2025 by HiCentral MLS, Ltd.
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.
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.
active listings last updated on 1/10/25 6:22 AM PST.
Information is deemed reliable but not guaranteed.
Copyright: 2025 by HiCentral MLS, Ltd.
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.
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.
This IDX solution is (c) Diverse Solutions 2025.