265 Kekuanaoa Street D - 2-3 Upstairs

Hilo, HI 96721, USA

*Description: Old office, Larger studio, Shared bathroom and has a sink! $650 (discounted rate) + utilities + security deposit This is the former Pueo Poi Factory. Old, funky poi factory and worker's quarters. 265d Kekuanaoa St. 2 minutes walk to Hilo Shopping Center, FHB, schools, govt offices, etc. Older building. Good central location, not a very attractive building, but it's affordable!. Apartment zoning. Hooked up to County water and sewer. Right in the middle of Hilo, next to the estuary for boating , kayaking, and paddle boarding . rented in as is condition. Bumpy County gravel road. Surrounded by Waiakea Villas, large park like land, cabinet shop, junkyard,Maile St. Apartments and Waiakea Villas Apartments. Call 808-333-2779 Yvette (Shorty) to show the room, who is the resident manager there. ??We're Looking for a self-reliant, hardy, handyman type person with tools, skills, truck, funds, and experience who will do their own repairs, improvements and maintenance. SORRY STILL AVAILABLE!!!!! HAWAII, THE BIG ISLAND! Puna District 23 units!! HILO, near downtown, near Hilo Shopping Center and First Hawaiian Bank! Behind Cafe 100, next to Waiakea Villas and Dept of Water Supply. Centrally located! **A “diamond in the rough “! Great ROI. Investor's dream! 15% annual return. Great investment! ****************PUEO POI FACTORY 265d KEKUANAOA ST. HILO, HI. *Being sold as a Cashflow machine, not for looks. A “diamond in the rough “! *Great ROI. Investor's dream! 16% annual return on rental income. Great tax depreciation benefits ! * Only $450,000/cash-No mortgages. *1031 exchange possible. *Downtown Hilo, Next to park, estuary that leads to Hilo Bay, *Commercial cabinet shop, Maile Apartments, Waiakea Villas Apartments, an auto wrecking junkyard, Autobodyfender repair shop. Bumpy /rough, County gravel road, 1 minute walk to Cafe 100, Hilo Shopping Center, FHB First Hawaiian Bank, etc. *Apartment zoning; 23 low cost economy budget class rental units, *Usually 95% occupancy rate, with approximately: *$140,000 to $160,000 gross income per year, *$10k to $13k gross income per month, *$5-6k net per month. *$6-8k expenses per month. *Approximately 16% return per year. *over 19,000+ sq feet of apartment zoned Land. *Near (150') to ocean/estuary. Paddle your paddle board or kayak out to Hilo Bay. *Next to Apartment, Resort and industrial zoned properties, Rare and very valuable, hard to come by property. You may later plan to build a multi-unit apartment or *If you renovate each unit, rents can be raised for a larger income! *Great tax accelerated depreciation benefits with Cost segregation method. *Great appreciation potential near the ocean. $450,000/cash out. *Sold in as is Fixerupper condition. *No bank financing. Cash only. * Sold on cash flow basis, not looks. *Quick closing. *3% courtesy to Brokers. *No escrow or attorney's fees. *Sold in as is condition. Fixer upper. *Need to apply, do background check, and funds verification needed before viewing or offer is made.. Please, serious buyers only. *Please call or text me anytime/7 days- for more information- 808-443-8226 Al -Hilo, Hawaii 96720 *******************