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735 Birch Street

Honolulu, HI 96814
  • $1,950,000
  • STATUS: Closed
  • ON SITE: 396 Days
  • MLS #: 202311374
Sold - 10/13/2023
$1,950,000
SOLD - 10/13/2023
  • 0
    BEDS
  • 0.14
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 2,992
    SQFT
  • $0
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1990
County:
Area:

School Ratings & Info

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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© 2024 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 Island Life Homes.

Licensed in the State of Hawaii, USA.
www.islandlifehm.com/homes/139909405
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735 Birch Street Honolulu, HI 96814

  • Price: $2,099,000
  • Status: Closed
  • On Site: 396 Days
  • Updated: 115 min ago
  • MLS #: 202311374
0
Beds
0
Baths
0
½ Baths
0.14
Acres
2,992
SQFT
$0
$/SQFT
1990
Built
Neighborhood:
Ala Moana
County:
Oahu
Area:
Metro
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.
Exterior Features

Construction Materials Above GroundDouble WallHollow TileWood Frame Lot Description Clear Other Parking None Parking Assigned Parking Total 7 Roof Composition Stories Two Topography Level View None

Interior Features

Elevators 0 Laundry DryerWasher Remodeled Year 2004 Sq Ft Building 2992

Property Features

1 Bed Units 1 2 Bed Units 1 3 Or More Bed Units 1 Amenities A/C Annual Expenses 15900.00 Assessed Value Improvements 347900.00 Assessed Value Land 1532000.00 Assessed Value Total 1879900.00 Building Type Triplex Disclosures 1031 ExchangeLicensed OwnerListor Owner Easements None Expenses Include Excise TaxInsuranceProperty TaxRepair Maintenance Flood Zone Zone X Foreclosure YN No Land Recorded Land Court Land Tenure FS - Fee Simple Listing Financing CashConventional1031 Exchange Management Company Sunwide Properties Net Operating Income 59940.00 Other Income 0.00 Possession At ClosingSubject To Tenancy Property Condition Above Average Recreation Facilities None Set Backs C&C Sewer Connected Special Sale Conditions None Studio Units 0 Tax Amount 548.30 Tax Annual Amount 6579.60 Tax Paid By Seller No Tax Year 2023 Tenant Pays ACCable TVElectricityParkingWater Total Actual Rent 6320.00 Total Income 75840.00 Utilities Available CableInternetOverhead ElectricityPublic WaterSewer FeeTelephoneWater Utilities Meters ElectricIndividualWater Zoning 12 - A-2 Medium Density Apartme

Listings provided courtesy of Sunwide Properties: (808) 263-0034.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2024-06-24T22:59:01.767. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd.


© 2024 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 Island Life Homes.

Licensed in the State of Hawaii, USA.
 
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Honolulu HI, 96816