UNIVERSITY 2816 Waialae Ave, Honolulu
MLS® # 202306465
PRIME LOT situated in the heart of Honolulu less than a mile between both Waikiki and UH Manoa. So much potential: Bill 7 development, live in one, rent the other/ land bank and build later/ rent out as is—it’s all up to you! Owner has the following dd items: EDR Neighborhood Environmental Report, Geotechnical Report with boring logs and infiltration tests, a TOPO survey and conceptual plans with A-sheets and a prelim foundation design. Existing structures have 5 twos rented and a sixth as a tear-down. **Development options present a variety of potential paths for the creative owner: Bill 07 possibility of up to a maximum of 60 units and 48,000sf of floor area or standard A2 zoning for up to 16,080sf that takes advantage of the city’s newest parking exemptions for multi-family developments in the PUC. Not located in a HI School Impact District, new development save BIG on DOE Impact Fees, which start at close to $3,864 and up per unit (i.e. up to over $230,000 in savings!) in a number of Honolulu neighborhoods. **Buyers to do their own dd and verify all the latest city programs and rules with the appropriate experts and agencies**
Cable, Gas, Internet, Overhead Electricity, Public Water, Sewer Fee, Water
Above Ground, Single Wall, Wood Frame
12 - A-2 Medium Density Apartme
This Property is priced at $3,349,000 and located at 2118 Citron St, . With 0 Bedrooms and 0.00 Bathrooms, it offers a total of 3599 Square feet. This Multi-Family was built in 1955 and its status is Active. This property is represented by Christina L Dwight of Commercial Inv. Strategies, Contact Number (808) 429-1098, our team of Realtors can represent you at no additional cost.
MLS® # 202306465
MLS® # 202302670
MLS® # 202224291
Based on information from the Multiple Listing Service of the HiCentral MLS®, Ltd. active listings last updated on March 29th, 2023 at 6:21am HST. Information is deemed reliable but not guaranteed. Copyright: 2023 by the HiCentral MLS®, Ltd.
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