485 Laukapu Street

Property Description

Welcome to your new home in Hilo! This 18-unit, three-story walk-up building offers spacious 2-bedroom, 1-bathroom apartments with approximately 690 square feet of living space. Each apartment unit includes a private, small lanai perfect for enjoying Hilo's fresh air and tropical climate. Built with durable hollow tile, this property offers functional, straightforward living and conveniently located near the Afook-Chinen Civic Auditorium. The property features a shared on-site laundry facility and one unassigned parking stall per unit. Water and trash collection are included; residents are responsible for electricity.

Please note: This is an affordable housing program property. Applicants must meet specific low-income qualifications and complete an annual income recertification to maintain eligibility.

Income & Eligibility Requirements:

Income Limit: Household income cannot exceed 50% Area Median Income (AMI) for zip code 96720.
1 person $42,350
2 people $48,400
3 people $54,450
4 people $60,450
5 people $65,300

Applicants must have a gross monthly income of at least 1.5 times the monthly rent, or $1,776 per month.

Applicants receiving a County Housing Choice Voucher (Section 8) are exempt from the minimum-income requirement.

Occupancy: Single-person households are welcome. Maximum occupancy is 5 persons (2 people per bedroom, plus 1)

Lease Terms & Details:

Rent: $1,361 per month

Utility Allowance: $177 utility allowance factored into program limits

Security Deposit: $1,361 (Equivalent to one month's rent)

Lease Duration: 1 year (Annual income recertification required)

Utilities: Tenant pays electric. Owner pays for water and trash collection.

Parking: 1 unassigned parking stall included

Laundry: Shared on-site laundry facilities

Pet Policy: Strictly no pets allowed