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 Honolulu’s 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. The seller 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 commercial properties page.
This Property is priced at $3,000,000 and located at 48 N School St, . With 0 Bedrooms and 0.00 Bathrooms, it offers a total of 0 Square feet. This Multi-Family was built in 1955 and its status is Active. This property is represented by Alex Watson of Hawaii Sands Realty, Contact Number (808) 664-3084, our team of Realtors can represent you at no additional cost.
Based on information from the Multiple Listing Service of the HiCentral MLS®, Ltd. active listings last updated on November 30th, 2021 at 2:21pm HST. Information is deemed reliable but not guaranteed. Copyright: 2021 by the HiCentral MLS®, Ltd.
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