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68-1775 Hooko St 2 Unit Apartment Building $1,199,000 ($599,500/Unit) 5.92% Cap Rate Waikoloa, HI 96738
Investment Highlights
- Flexible floor plan with six bedrooms, four bathrooms, and a versatile bonus room.
- Owned solar panels, solar hot water, and Tesla Powerwall backup battery.
- Two separate laundry areas support multi-generational living arrangements.
- Fully renovated interior with updated finishes and modern kitchen improvements.
- Detached two-car garage includes additional storage space.
- Convenient Waikoloa Village location near schools, shopping, golf, and dining.
Executive Summary
Exceptional multi-generational living or potential investment opportunity in the heart of Waikoloa Village only one block from the school. This beautifully renovated single-story property features 6 bedrooms, 4 full bathrooms, and a spacious flex room w private entrance and en suite bathroom that can easily serve as a third living area, home office, gym, media room, or guest space. The home is thoughtfully designed with very flexible living areas, making it ideal for extended family, guests, or rental income potential whether it be long term or a hosted STVR. PLEASE NOTE: GRM and Cap Rate are calculated based on long term rentals.
The entire house has been beautifully updated with brand new kitchen cabinets, new granite and quartzite countertops, new appliances, new flooring, and fresh interior paint, creating bright, modern spaces that are move in ready. Two separate washer and dryer rooms add to the functionality of this home.
Enjoy year round comfort with split AC systems throughout. Energy efficiency is enhanced with owned solar panels, solar hot water, and a Tesla Powerwall backup battery, helping keep electric costs exceptionally low. The detached 2 car garage provides ample space for parking with an additional storage room. A Tesla charging plug is available for your electric vehicle.
Additional features include generous storage, mature tropical landscaping, and complete watering system for your lawn and garden. Enjoy two private outdoor spaces perfect for relaxing or entertaining, along with a spacious yard offering endless possibilities for outdoor living.
Conveniently located near Waikoloa Village Golf Course, shopping, restaurants, schools, and community amenities, this home is also just 15 minutes from the Kohala Coast's world renowned beaches, luxury resorts, championship golf courses, and ocean activities.
Buyer to do their own due diligence on Zoning and usage of property.
The entire house has been beautifully updated with brand new kitchen cabinets, new granite and quartzite countertops, new appliances, new flooring, and fresh interior paint, creating bright, modern spaces that are move in ready. Two separate washer and dryer rooms add to the functionality of this home.
Enjoy year round comfort with split AC systems throughout. Energy efficiency is enhanced with owned solar panels, solar hot water, and a Tesla Powerwall backup battery, helping keep electric costs exceptionally low. The detached 2 car garage provides ample space for parking with an additional storage room. A Tesla charging plug is available for your electric vehicle.
Additional features include generous storage, mature tropical landscaping, and complete watering system for your lawn and garden. Enjoy two private outdoor spaces perfect for relaxing or entertaining, along with a spacious yard offering endless possibilities for outdoor living.
Conveniently located near Waikoloa Village Golf Course, shopping, restaurants, schools, and community amenities, this home is also just 15 minutes from the Kohala Coast's world renowned beaches, luxury resorts, championship golf courses, and ocean activities.
Buyer to do their own due diligence on Zoning and usage of property.
Property Facts
| Price | $1,199,000 | Property Subtype | Apartment |
| Price Per Unit | $599,500 | Apartment Style | Single-Family Home |
| Sale Type | Investment | Building Class | C |
| Cap Rate | 5.92% | Lot Size | 0.24 AC |
| Gross Rent Multiplier | 13.5 | Building Size | 3,240 SF |
| No. Units | 2 | No. Stories | 1 |
| Property Type | Multifamily | Year Built/Renovated | 1990/2026 |
| Zoning | 1B | ||
| Price | $1,199,000 |
| Price Per Unit | $599,500 |
| Sale Type | Investment |
| Cap Rate | 5.92% |
| Gross Rent Multiplier | 13.5 |
| No. Units | 2 |
| Property Type | Multifamily |
| Property Subtype | Apartment |
| Apartment Style | Single-Family Home |
| Building Class | C |
| Lot Size | 0.24 AC |
| Building Size | 3,240 SF |
| No. Stories | 1 |
| Year Built/Renovated | 1990/2026 |
| Zoning | 1B |
Unit Mix Information
| Description | No. Units | Avg. Rent/Mo | SF |
|---|---|---|---|
| 3+2 | 2 | - | - |
1 1
Somewhat walkable
30/100
Exceptionally drivable
100/100
Somewhat bikeable
20/100
Property Taxes
| Parcel Number | 3-6-8-017-077-0000 | Improvements Assessment | $678,400 |
| Land Assessment | $316,800 | Total Assessment | $995,200 |
Property Taxes
Parcel Number
3-6-8-017-077-0000
Land Assessment
$316,800
Improvements Assessment
$678,400
Total Assessment
$995,200
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68-1775 Hooko St