This is a "project home" which needs major renovation. HOWEVER, CURRENT OWNER HAS COUNTY OF HAWAII BUILDING DEPARTMENT PERMITS IN HAND! Will need to be a cash sale or a renovation loan. Some non-redwood components, including main beam, have termite damage and need replacement. PERMITS include new trusses in great room and replacing the 4th bedroom on the main level with a 2nd bathroom. Blueprints included.
The home is located in the Hilo Opportunity Zone, which offers exclusion from long term capital gains taxes if owned for 10+ years.
Old Hawaii Style Redwood home with ocean views. Great location in the University Heights subdivision 1/4 mile from UH-Hilo. Open ceiling living room with oak floors. 4 bedrooms, 1 full bath on main level with additional full bath in enclosed porch. Additional 500 sf basement with bath adjacent to 2 car garage. Solar Hot Water. Rear yard has mango, ulu, and avocado trees, backs up to 147 acre U H Hilo woods and Imiloa Astronomy Center.
A must see for the buyer looking for a project in the heart of Hilo! This could be a great home for the investor or for the incoming UHH student. Walk to campus in 3 minutes! Home was tented in August, 2019 and is still under warranty. Home has been treated for Ground termites in 2021.