This home is leased to long term tenants and brings in $3,500 a month in rental income. The house was built in the early 1900’s. They show a build date of 1945, but it looks older than that. The home is located in Hilo, Hawaii. The house features a large covered front porch, hardwood floors, coffered ceilings and double front doors. There is a large garage, workshop and office. Seven bedrooms, two bathrooms and 2,812 square feet. $599,000
Contact Vegod Dutt with Keller Williams Honolulu
From the Zillow listing:
$200,000 price reduction. Seller financing available. Generates approximately $3500 per month. Set in Wainaku, the original heart of Hilo, this Victorian home is a perfect opportunity for the right investor. Zoned Multi-Family, this property is leased to long term tenants. The six units are fully occupied and generate approximately $3500 in gross rents with substantial additional potential given current demand levels. Alternatively it could be converted to professional offices or made into a fabulous single family home. There is a large garage, workshop and office in the basement that are not shown in the photos. Look at the Matterport 360 tour and Cubi-Casa images for an approximate layout. A walkthrough video is also available on request. Schools, banks, supermarkets, farmer’s market, post office, restaurants and bars are all within walking distance. Honoli’i Beach Park, known for its surfing, is less than a five minute drive. Showings are restricted to Thursdays 10am – 2pm to qualified Buyers Only. Further financial Information will be provided to qualified buyers.
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