82-D Hoku St, Hilo, HI 96720 (MLS # 723448)

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PRICE $535,000 BEDS 9 BATHS 3 HOME SIZE 594 sqft LOT SIZE 4,322.00 ac Request More Info Schedule a Showing

High-Cash-Flow Investment in Downtown Hilo -Now $535,000
Hoku Street,Hilo,HI 96720

This Downtown Hilo property offers strong income and even higher potential through room-by-room rentals. Homes rented by the room typically earn significantly more monthly income, provide more stable cash flow, and generate higher long-term returns. With 9 rentable rooms, 3 bathrooms, and 2 full kitchens (upstairs and downstairs), the property is already producing solid revenue and can be improved further.

Income & ROI:
"¢ Current gross income: $70,000-$80,000+ per year
"¢ At $535,000 "” gross ROI of 13.1% at $70K/year or 15% at $80K/year
"¢ Opportunity to increase ROI through optimized room-by-room rentals
"¢ Additional tax benefits from depreciation and write-offs
"¢ Multi-tenant setup reduces vacancy risk and enhances income stability
Why Room-by-Room Works Well Here:
"¢ Higher total income than whole-house rentals
"¢ Strong demand from students, workers, and medical professionals
"¢ Ideal for investors seeking high NOI and rent per square foot
"¢ Flexible layout suited for shared housing, workforce rentals, or multi-family use

Property Details:
"¢ 9 total rooms
"¢ 3 bathrooms
"¢ 2 full kitchens
"¢ Flexible layout for shared housing or rentals
"¢ Potential to raise rental value with updates

Prime Downtown Hilo Location "” walking distance to major employers, hospitals, colleges, stores, restaurants, beaches, parks, and public transportation. High rental demand and rare availability in this area.