• Overview 9 Beds, 3 Bath, 3900 SQ. Feet, 0.10 Acres
• Listing Type Residential
• Office: Nathalie Mullinix R. U., Inc.

High-Cash-Flow Investment in Downtown Hilo –Now $495,500 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 $495,500 — 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

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Quick Details

This Single Family Residence is priced at $395,000 and located at 82 Hoku Street D, . With 9 Bedrooms and 3.00 Bathrooms, it offers a total of 3900 Square feet. This Residential was built in 1945 and its status is Active. This property is represented by Nathalie C Mullinix of Nathalie Mullinix R. U., Inc., Contact Number (808) 261-0350.