$988,800 Multi-Unit Investment Acquisition in Hilo, HI

When our client set their goal and vision to begin investing in a multifamily property, she faced numerous obstacles, from limited inventory to uncertainty about where to begin. With our strategic guidance, she successfully acquired a three-unit property in Hilo, HI, implementing a house hacking strategy to generate passive income while reducing living expenses.

Project Highlights

• Property Type & Size: A multi-unit property consisting of one 3-bedroom, 2-bathroom home and two 2-bedroom, 1-bathroom units on an 11,325 square foot lot.
• Prime Location: Situated in desirable Hilo, HI, near Hilo Bay, offering strong rental demand and a scenic environment.
• Acquisition Price: $988,800.
• Nearby Landmarks: Minutes from Hilo Bay, Liliʻuokalani Park and Gardens, Hilo Farmers Market, and the University of Hawaiʻi at Hilo. The property benefits from easy access to local dining, shopping, and cultural attractions.

Challenges Faced:

• Navigating a Competitive Market: Limited inventory made finding the right investment property difficult.
• First-Time Multifamily Investor: The buyer was new to multifamily investing and needed guidance on the entire process.

Advantages Secured:

• Strategic House Hacking Opportunity: The buyer could live in one unit while renting out the other two, reducing housing costs and generating rental income.
• Personalized Investment Guidance: We assisted in securing financing, identifying viable investment properties, and structuring a plan for long-term wealth-building.
• Strong Market Positioning: Located in a high-demand rental area, the property ensures consistent cash flow and future appreciation potential.

About Hilo, HI

Hilo is the largest city on the Big Island of Hawaiʻi, known for its lush landscapes, rich cultural heritage, and vibrant local economy. Home to the renowned Hilo Farmers Market, beautiful beaches, and key educational institutions like the University of Hawaiʻi at Hilo, the area continues to attract residents and investors alike. With a strong demand for rental housing and ongoing economic development, Hilo remains a prime location for real estate investment.

Client Testimonial:

"Through my past experiences in real estate, I can confidently say that Kynan was the best agent I’ve ever worked with. He was the right person for a purchase of this caliber—knowledgeable, experienced, and highly responsive. He kept me updated throughout the entire transaction and maintained a positive attitude. I’ll definitely be working with him again."