735 Birch Street, Honolulu, HI 96814
- $1,950,000
- Sold Price
- $1,950,000
- List Price
- $2,099,000
- Status
- SOLD
- Type
- Multifamily
- MLS#
- 202311374
- Days on Market
- 93
- Closing Date
- Oct 13, 2023
- Land Area
- 6,008
- Year Built
- 1990
- Year Remodeled
- 2004
- Neighborhood
- Ala Moana
- Land Tenure
- FS - Fee Simple
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.
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Additional Information
- Island
- Oahu
- Stories Type
- Two
- Utilities
- Cable, Internet, Overhead Electricity, Public Water, Sewer Fee, Telephone, Water
- View
- None
- Easements
- None
- Parking Total
- 7
- Tenants Responsibilities Include
- AC, Cable TV, Electricity, Parking, Water
- Sqft Building
- 2992
- Lot Size
- 6,008
- Unit One Bed Number Of
- 1
- Construction Materials
- Above Ground, Double Wall, Hollow Tile, Wood Frame
- Mls Area Major
- Metro
- Neighborhood
- Ala Moana
- Year Built
- 1990
- Year Remodeled
- 2004
- Tax Amount
- $548
- Total Income
- 75840
- Sewer
- Connected
- Unit Two Bed Number Of
- 1
- Roof
- Composition
- Recreation Facilities
- None
- Parking Features
- Assigned
- Lot Features
- Clear
- Amenities
- A/C
- Total Annual Operating Expenses
- 15900
- Unit Three Bed Number Of
- 1
- Assessed Total
- 1879900
- Assessed Improvement
- 347900
- Assessed Land
- 1532000
- Zoning
- 12 - A-2 Medium Density Apartme
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Listing courtesy of Sunwide Properties. Selling Office: Locations LLC.
Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2023 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.
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