Bought with Locations LLC
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Key Details
Sold Price $1,950,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Ala Moana
MLS Listing ID 202311374
Sold Date 10/13/23
Construction Status Good Condition
HOA Y/N No
Year Built 1990
Annual Tax Amount $6,579
Property Description
Great Opportunity to build a 30 unit rental building in a prime location near Ala Moana Center in the heart of urban Honolulu. WalkScore gives the property a 98/100 as there are so many stores, restaurants, and jobs nearby. The property has been approved by the sewer department for 30 units. Architectural renderings are for illustrative purposes only. Bill 7 encourages new multifamily development by offering huge fee waivers for water, sewer, permits, and 10 years of property tax abatement for a new building! The existing 3 unit apartment building features a 3 bedroom 2 bath on the ground floor and on the second floor there is 2 bedroom, 2 bath and a 1 bedroom, 1 bath. Each unit is separately metered for electric and water and has its own washer and dryer. There is a total of 7 parking stalls. Depending on the layout of the new building, it is possible to increase the number of parking stalls.
Location
State HI
County Oahu
Area Metro
Interior
Cooling Central Air
Fireplace No
Appliance Dryer, Washer
Exterior
Garage Assigned
Community Features None
Utilities Available Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
View Y/N No
View None
Parking Type Assigned
Total Parking Spaces 7
Building
Lot Description Cleared, Level
Entry Level Two
Sewer Connected
Water Public
Level or Stories Two
Construction Status Good Condition
Others
Tax ID 1-2-3-014-021-0000
Financing Conventional
Special Listing Condition None
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