Consider This Rare Development Opportunity Explore the potential of this unique site with plans that align with Bill 7 provisions. Proposed development includes a 5-story residential apartment building featuring 21 units and 11 parking stalls. Rendered images reflect an development option to maximize rental incomesubject to zoning and permit approvals. Dont miss this chance to invest in a high-demand area with strong development upside. Centrally located investment opportunity near Queens Hospital. The existing hollow tile building has 6 spacious 2-bedroom apartments with custom cabinets and counter tops. Highlights are walking distance to Queen's Hospital, State Capitol, and minutes from downtown Honolulu. Easy access to H1 Highway and bus stops.
Property Features
Bathrooms
Appliances
- Washer
- Laundry Features: In Unit
Land Info
- Lot Description: Cleared, Corner Lot, Level
- Topography: Level
Garage and Parking
- Parking Features: Assigned, Open
- Parking Total: 8
School Information
- Elementary School: Royal
- High School: Mckinley
- Middle School: Keelikolani
Multi-Unit Info
Rental Info
- Tenant Pays: Cable TV, Electricity, Water
Other Property Info
- Annual Tax Amount: 5496
- Source Listing Status: Active
- County: Oahu
- Source Property Type: Residential
- Area: Metro
- Source Neighborhood: PUNCHBOWL-LOWER
- Parcel Number: 1-2-1-022-011-0000
- Postal City: Honolulu
- Subdivision: PUNCHBOWL-LOWER
- Zoning Description: 12 - A-2 Medium Density Apartme
- Property Subtype: Multi Family
Commercial Info
- Net Operating Income: 76089
- Operating Expense: 35648
- Operating Expense Includes: Manager, Maintenance, Real Estate Tax, New Tax
Building and Construction
- Year Built: 1953
- Building Area Total: 3432
- Construction Materials: Hollow Tile
- Foundation Details: Slab
- Levels: Two
- Property Age: 72
- Property Condition: Good Condition
- Levels or Stories: 2
- Structure Type: Apartment
Utilities
- Sewer: Connected
- Above Ground Utilities
- Cable Available
- Electricity Available
- High Speed Internet Available
- Phone Available
- Sewer Available
- Water Available
- Sewer Connected
- Water Source: Public