2118 Citron St - Apartments FOR SALE


Honolulu, HI 96826
$3,349,000 USD
808-429-1098
2118 Citron St, Honolulu, HI for Sale
$3,349,000 USD
Apartments - FOR SALE
1/25
null | 1.68% Cap Rate

2118 Citron St
Honolulu, HI 96826


HIGHLIGHTS

  • Two Bedroom Units: 5 & Parking Stalls: 5
  • Zoning: A-2 & Year Built: 1955
  • Land SQFT: 12,000 & Building SQFT: 3,599
  • BIG SAVINGS of DOE Impact fees (approx $230,000 in savings!)
  • 60 unit development under Bill 7
  • 48,000sf of floor area or standard A@ zoning up to 16,080 sf w/ City's parking exemptions for MF developers

OVERVIEW

ATTENTION DEVELOPERS!!! Prime 12,000sf lot less than a mile between both Waikiki and UH Manoa. So much potential: Bill 7 development/ live in one, rent the others/ land bank and build later/ rent out as is—-it’s all up to you! DD includes: 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**

FOR SALE DETAILS

PRICE

$3,349,000 USD

PRICE/SF

$931 USD /SF

# OF UNITS

5

PRICE/UNIT

$669,800

CAP RATE

1.68%

% LEASED

100%

SALE TYPE

Investment

BUILDING DETAILS

PROPERTY TYPE

Multi-Family

PROPERTY SUBTYPE

Apartments

ADD'L SUBTYPES

Office/Residential

TOTAL BUILDING SIZE

-

STORIES

1

YEAR BUILT

1955

PARKING SPACES

5

LAND DETAILS

LAND ACRES

0.28 AC

LAND SF

12,000 SF

ZONING

A-2

APN/PARCEL ID

1-2-7-007-050-0000

ASK ABOUT THIS PROPERTY

Christina Low DwightCommercial Investment Strategies LLCMore Info
808-429-1098

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Christina Low DwightCommercial Investment Strategies LLCMore Info
808-429-1098

By clicking the button, you agree to Showcase's Terms of Use and Privacy Policy.