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2112 Citron Street

Honolulu, HI 96826
  • $3,695,000
  • STATUS: Active
  • ON SITE: 151 Days
  • MLS #: 202212409
UPDATED: 41 min ago
$3,695,000
  • 0
    BEDS
  • 0.28
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 3,599
    SQFT
  • $1,027
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1955
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

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 isits 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 at well-below market rates and sixth is 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**

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© 2022 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 Keller Williams Honolulu.

Licensed in the State of Hawaii, USA.
www.realtyinhawaii.com/homes/130489512
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2112 Citron Street Honolulu, HI 96826

  • Price: $3,695,000
  • Status: Active
  • On Site: 151 Days
  • Updated: 41 min ago
  • MLS #: 202212409
0
Beds
0
Baths
0
½ Baths
0.28
Acres
3,599
SQFT
$1,027
$/SQFT
1955
Built
Neighborhood:
Moiliili
County:
Oahu
Area:
Metro
Elementary School:
Lunalilo
Middle School:
Kaimuki
High School:
Washington
Property Description
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 isits 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 at well-below market rates and sixth is 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**
Exterior Features

Construction Materials Above GroundSingle WallWood Frame Location Inside Lot Description Other Other Parking None Parking Assigned Parking Total 4 Property Frontage Other Roof Composition Stories One Topography LevelOther View None

Interior Features

Elevators 0 Furnished Partial Laundry DryerIndividualWasher Sq Ft Building 3599

Property Features

1 Bed Units 0 2 Bed Units 5 3 Or More Bed Units 1 Amenities None Annual Expenses 15098.00 Assessed Value Improvements 205800.00 Assessed Value Land 2460000.00 Assessed Value Total 2665800.00 Building Type Multi Dwellings Disclosures 1031 Exchange Documents Building PlansLease DocumentsOtherP&LSurveyTitle Search Easements Electric Expenses Include Excise TaxInsuranceMgmt FeeOtherProperty TaxRepair MaintenanceSewer Fee Flood Zone Zone Ao Foreclosure YN No Land Recorded Land Court Land Tenure Fs - Fee Simple Listing Financing CashConventionalExchange Management Company Self Managed Net Operating Income 56302.00 Other Income 0.00 Possession At ClosingSubject To Tenancy Property Condition Fair Recreation Facilities None Set Backs C&COf Record Sewer Connected Special Sale Conditions None Studio Units 0 Tax Amount 780.09 Tax Paid By Seller No Tax Year 2022 Tenant Pays Cable TvElectricityGasOther Total Actual Rent 5950.00 Total Income 71400.00 Utilities Available CableGasInternetOverhead ElectricityPublic WaterSewer FeeWater Utilities Meters ElectricGasWater Zoning 12 - A-2 Medium Density Apartme

Listings provided courtesy of Commercial Inv. Strategies: (808) 429-1098.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2022-11-30T22:59:30.537. Information is deemed reliable but not guaranteed. Copyright: 2022 by HiCentral MLS, Ltd.


© 2022 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 Keller Williams Honolulu.

Licensed in the State of Hawaii, USA.
 
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