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48 N School Street

Honolulu, HI 96817
  • $3,000,000
  • STATUS: Active
  • ON SITE: 17 Days
  • MLS #: 202127080
UPDATED: 74 min ago
$3,000,000
  • 0
    BEDS
  • 0.18
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
Neighborhood:
Type:
Commercial
Built:
1955
County:
Area:

School Ratings & Info

Description

This A-1 zoned property currently has three buildings: a 5 bed/2 bath house with basement, and two 4-unit walk-up apartments with one bed/one bath units, all separately metered, 13 parking stalls, and a coin operated laundry area. BILL 7 REDEVELOPMENT OPPORTUNITY:The purpose of the City and County of Honolulus Bill 7 is to establish a temporary program to accelerate the construction of affordable rental housing in the apartment and business mixed use zoning districts by relaxing certain zoning and building code standards, and offering certain financial incentives.We contracted with ahl architects to examine the feasibility for Bill 7 application to this property. ahl architects determined that this plot would qualify under Bill 7 and would allow for the development of a 40 to 56 unit apartment building with maximum use of the floor to area ratio. Due to its location off the H-1 freeway, with convenient access to downtown Honolulu and all areas of the island, this is an ideal spot for redevelopment under Bill 7.Learn more about the redevelopment and the property's current condition at our home page.

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© 2021 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Weaver Hawaii | Keller Williams Honolulu.

Licensed in the State of Hawaii, USA.
www.weaverhawaii.com/homes/123438265
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48 N School Street Honolulu, HI 96817

  • Price: $3,000,000
  • Status: Active
  • On Site: 17 Days
  • Updated: 74 min ago
  • MLS #: 202127080
0
Beds
0
Baths
0
½ Baths
0.18
Acres
1955
Built
Neighborhood:
Nuuanu-Lower
County:
Oahu
Area:
Metro
Property Description
This A-1 zoned property currently has three buildings: a 5 bed/2 bath house with basement, and two 4-unit walk-up apartments with one bed/one bath units, all separately metered, 13 parking stalls, and a coin operated laundry area. BILL 7 REDEVELOPMENT OPPORTUNITY:The purpose of the City and County of Honolulus Bill 7 is to establish a temporary program to accelerate the construction of affordable rental housing in the apartment and business mixed use zoning districts by relaxing certain zoning and building code standards, and offering certain financial incentives.We contracted with ahl architects to examine the feasibility for Bill 7 application to this property. ahl architects determined that this plot would qualify under Bill 7 and would allow for the development of a 40 to 56 unit apartment building with maximum use of the floor to area ratio. Due to its location off the H-1 freeway, with convenient access to downtown Honolulu and all areas of the island, this is an ideal spot for redevelopment under Bill 7.Learn more about the redevelopment and the property's current condition at our home page.
Exterior Features

Construction Materials Concrete BlockOtherSee RemarksWood Frame Floor Number 3 Loading None Parking AssignedOn SiteStreet Parking Total 13 Property Frontage Main StreetOtherSide Street Roof Other Stories Three

Interior Features

Cooling None Floors Other Sq Ft Other 0 Sq Ft Total 4162

Property Features

Amenities None Annual Expenses 33880.00 Assessed Value Improvements 339300.00 Assessed Value Land 1285700.00 Assessed Value Total 1625000.00 Building Name N/A Business Type Condo/AptFree StandingSee Remarks Commercial Space No Disclosures See Remarks Documents Lease DocumentsSurveyTitle Search Easements Other Expenses Source BrokerOwner Flood Zone Zone X Foreclosure YN No Income Source BrokerOwner Land Recorded Regular System Land Tenure Fs - Fee Simple Lease Type CashGovt Guaranteed LoanOpenOther Listing Financing See Remarks Management Company Hawaii Sands Realty Net Operating Income 130320.10 Property Condition Average Property Type 96817 Sewer Connected Special Sale Conditions None Tax Amount 522.33 Tax Paid By Seller Yes Tax Year 2020 Tenant Pays ElectricityGas Total Actual Rent 13466.00 Utilities Available GasLarge Water MeterLight Electricity Zoning 11 - A-1 Low Density Apartment

Listings provided courtesy of Hawaii Sands Realty.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2021-12-06T23:58:40.187. Information is deemed reliable but not guaranteed. Copyright: 2021 by HiCentral MLS, Ltd.


© 2021 HiCentral MLS, Ltd. All rights reserved.
Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Weaver Hawaii | Keller Williams Honolulu.

Licensed in the State of Hawaii, USA.
 
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