Listing
Overview
Price: $1,375,000
Area: ALIAMANU
Status: Active
Fantastic opportunity to own one of the largest and lowest cost Bill 7 qualified properties in the Honolulu Metro area! Architectural rendering is 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! DPP has approved construction of an 8 unit (2br/1ba) apartment building. Larger (24 unit) build, inquire w/ DPP. Golf-course view for new apartment/condo building structure above 3 stories. Conveniently located with easy access to freeways, Aloha Stadium, Salt Lake and Moanalua Shopping centers. Existing 7500sf level lot has a 2BR/1BA home in the rear (3-car covered parking under the home) and a duplex (each with 2BR/1BA) in the front. Each unit is approximately 600sf with separately metered electric and water with own washer/dryer. Current rents have been fixed since 2018 and pro-forma rent-roll is $68,400/yr. Good income property, but unique Bill 7 development opportunity can be transformational for the right investor. Buyers to complete all due diligence that they deem material. Sold AS-IS. Please use commercial PSA. Include AS IS addendum. Listing by: Real Capital Advisors, LLC
array(45) {
["MLSNumber"]=>
array(1) {
[0]=>
string(9) "202308788"
}
["StreetNumber"]=>
array(1) {
[0]=>
string(4) "3536"
}
["PropertyType"]=>
array(1) {
[0]=>
string(12) "Multi-Family"
}
["StreetName"]=>
array(1) {
[0]=>
string(9) "Salt Lake"
}
["StreetSuffix"]=>
array(1) {
[0]=>
string(9) "Boulevard"
}
["UnitNumber"]=>
array(1) {
[0]=>
string(0) ""
}
["City"]=>
array(1) {
[0]=>
string(8) "Honolulu"
}
["StateOrProvince"]=>
array(1) {
[0]=>
string(2) "HI"
}
["PostalCode"]=>
array(1) {
[0]=>
string(5) "96818"
}
["VirtualTourURLUnbranded"]=>
array(1) {
[0]=>
string(85) "https://drive.google.com/file/d/1otmUx0ljIbS-Prm-oLoGQflboPvvOGwW/view?usp=share_link"
}
["ListPrice"]=>
array(1) {
[0]=>
string(10) "1375000.00"
}
["CurrentPrice"]=>
array(1) {
[0]=>
string(10) "1375000.00"
}
["Neighbourhood"]=>
array(1) {
[0]=>
string(8) "ALIAMANU"
}
["Status"]=>
array(1) {
[0]=>
string(6) "Active"
}
["PublicRemarks"]=>
array(1) {
[0]=>
string(1195) "Fantastic opportunity to own one of the largest and lowest cost Bill 7 qualified properties in the Honolulu Metro area! Architectural rendering is 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! DPP has approved construction of an 8 unit (2br/1ba) apartment building. Larger (24 unit) build, inquire w/ DPP. Golf-course view for new apartment/condo building structure above 3 stories. Conveniently located with easy access to freeways, Aloha Stadium, Salt Lake and Moanalua Shopping centers. Existing 7500sf level lot has a 2BR/1BA home in the rear (3-car covered parking under the home) and a duplex (each with 2BR/1BA) in the front. Each unit is approximately 600sf with separately metered electric and water with own washer/dryer. Current rents have been fixed since 2018 and pro-forma rent-roll is $68,400/yr. Good income property, but unique Bill 7 development opportunity can be transformational for the right investor. Buyers to complete all due diligence that they deem material. Sold AS-IS. Please use commercial PSA. Include AS IS addendum."
}
["ListOfficeName"]=>
array(1) {
[0]=>
string(26) "Real Capital Advisors, LLC"
}
["BedsTotal"]=>
array(1) {
[0]=>
string(0) ""
}
["BathsFull"]=>
array(1) {
[0]=>
string(0) ""
}
["BathsHalf"]=>
array(1) {
[0]=>
string(0) ""
}
["LotSizeArea"]=>
array(1) {
[0]=>
string(7) "7500.00"
}
["SqftTotal"]=>
array(1) {
[0]=>
string(4) "1800"
}
["YearBuilt"]=>
array(1) {
[0]=>
string(4) "1954"
}
["BuildingName"]=>
array(1) {
[0]=>
string(0) ""
}
["PropertyCondition"]=>
array(1) {
[0]=>
string(12) "Average,Fair"
}
["ParkingTotal"]=>
array(1) {
[0]=>
string(1) "8"
}
["StoriesType"]=>
array(1) {
[0]=>
string(7) "One,Two"
}
["View"]=>
array(1) {
[0]=>
string(4) "None"
}
["MaintenanceExpense"]=>
array(1) {
[0]=>
NULL
}
["LandTenure"]=>
array(1) {
[0]=>
string(15) "FS - Fee Simple"
}
["ElementarySchool"]=>
array(1) {
[0]=>
string(0) ""
}
["MiddleOrJuniorSchool"]=>
array(1) {
[0]=>
string(0) ""
}
["HighSchool"]=>
array(1) {
[0]=>
string(0) ""
}
["ListOfficeMLSID"]=>
array(1) {
[0]=>
string(4) "RCAH"
}
["ListAgentEmail"]=>
array(1) {
[0]=>
string(27) "bradc@realcapitalhawaii.com"
}
["ListAgentDirectWorkPhone"]=>
array(1) {
[0]=>
string(0) ""
}
["ListAgentFullName"]=>
array(1) {
[0]=>
string(11) "Brad B Chun"
}
["CloseDate"]=>
array(1) {
[0]=>
string(0) ""
}
["MatrixModifiedDT"]=>
array(1) {
[0]=>
string(23) "2023-09-17T16:30:01.170"
}
["Matrix_Unique_ID"]=>
array(1) {
[0]=>
string(8) "17264432"
}
["OriginalEntryTimestamp"]=>
array(1) {
[0]=>
string(23) "2023-04-10T22:25:57.833"
}
["_thumbnail_id"]=>
array(1) {
[0]=>
string(8) "25871167"
}
["listing_image"]=>
array(20) {
[0]=>
string(8) "25871167"
[1]=>
string(8) "25871168"
[2]=>
string(8) "25871169"
[3]=>
string(8) "25871170"
[4]=>
string(8) "25871171"
[5]=>
string(8) "25871172"
[6]=>
string(8) "25871173"
[7]=>
string(8) "25871174"
[8]=>
string(8) "25871175"
[9]=>
string(8) "25871176"
[10]=>
string(8) "25871177"
[11]=>
string(8) "25871178"
[12]=>
string(8) "25871179"
[13]=>
string(8) "25871180"
[14]=>
string(8) "25871181"
[15]=>
string(8) "25871182"
[16]=>
string(8) "25871183"
[17]=>
string(8) "25871184"
[18]=>
string(8) "25871185"
[19]=>
string(8) "25871186"
}
["MLSAreaMajor"]=>
array(1) {
[0]=>
string(5) "Metro"
}
["PropertyFrontage"]=>
array(1) {
[0]=>
string(5) "Other"
}
["SpecialListingConditions"]=>
array(1) {
[0]=>
string(4) "None"
}
}
Array
(
[MLSNumber] => Array
(
[0] => 202308788
)
[StreetNumber] => Array
(
[0] => 3536
)
[PropertyType] => Array
(
[0] => Multi-Family
)
[StreetName] => Array
(
[0] => Salt Lake
)
[StreetSuffix] => Array
(
[0] => Boulevard
)
[UnitNumber] => Array
(
[0] =>
)
[City] => Array
(
[0] => Honolulu
)
[StateOrProvince] => Array
(
[0] => HI
)
[PostalCode] => Array
(
[0] => 96818
)
[VirtualTourURLUnbranded] => Array
(
[0] => https://drive.google.com/file/d/1otmUx0ljIbS-Prm-oLoGQflboPvvOGwW/view?usp=share_link
)
[ListPrice] => Array
(
[0] => 1375000.00
)
[CurrentPrice] => Array
(
[0] => 1375000.00
)
[Neighbourhood] => Array
(
[0] => ALIAMANU
)
[Status] => Array
(
[0] => Active
)
[PublicRemarks] => Array
(
[0] => Fantastic opportunity to own one of the largest and lowest cost Bill 7 qualified properties in the Honolulu Metro area! Architectural rendering is 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! DPP has approved construction of an 8 unit (2br/1ba) apartment building. Larger (24 unit) build, inquire w/ DPP. Golf-course view for new apartment/condo building structure above 3 stories. Conveniently located with easy access to freeways, Aloha Stadium, Salt Lake and Moanalua Shopping centers. Existing 7500sf level lot has a 2BR/1BA home in the rear (3-car covered parking under the home) and a duplex (each with 2BR/1BA) in the front. Each unit is approximately 600sf with separately metered electric and water with own washer/dryer. Current rents have been fixed since 2018 and pro-forma rent-roll is $68,400/yr. Good income property, but unique Bill 7 development opportunity can be transformational for the right investor. Buyers to complete all due diligence that they deem material. Sold AS-IS. Please use commercial PSA. Include AS IS addendum.
)
[ListOfficeName] => Array
(
[0] => Real Capital Advisors, LLC
)
[BedsTotal] => Array
(
[0] =>
)
[BathsFull] => Array
(
[0] =>
)
[BathsHalf] => Array
(
[0] =>
)
[LotSizeArea] => Array
(
[0] => 7500.00
)
[SqftTotal] => Array
(
[0] => 1800
)
[YearBuilt] => Array
(
[0] => 1954
)
[BuildingName] => Array
(
[0] =>
)
[PropertyCondition] => Array
(
[0] => Average,Fair
)
[ParkingTotal] => Array
(
[0] => 8
)
[StoriesType] => Array
(
[0] => One,Two
)
[View] => Array
(
[0] => None
)
[MaintenanceExpense] => Array
(
[0] =>
)
[LandTenure] => Array
(
[0] => FS - Fee Simple
)
[ElementarySchool] => Array
(
[0] =>
)
[MiddleOrJuniorSchool] => Array
(
[0] =>
)
[HighSchool] => Array
(
[0] =>
)
[ListOfficeMLSID] => Array
(
[0] => RCAH
)
[ListAgentEmail] => Array
(
[0] => bradc@realcapitalhawaii.com
)
[ListAgentDirectWorkPhone] => Array
(
[0] =>
)
[ListAgentFullName] => Array
(
[0] => Brad B Chun
)
[CloseDate] => Array
(
[0] =>
)
[MatrixModifiedDT] => Array
(
[0] => 2023-09-17T16:30:01.170
)
[Matrix_Unique_ID] => Array
(
[0] => 17264432
)
[OriginalEntryTimestamp] => Array
(
[0] => 2023-04-10T22:25:57.833
)
[_thumbnail_id] => Array
(
[0] => 25871167
)
[listing_image] => Array
(
[0] => 25871167
[1] => 25871168
[2] => 25871169
[3] => 25871170
[4] => 25871171
[5] => 25871172
[6] => 25871173
[7] => 25871174
[8] => 25871175
[9] => 25871176
[10] => 25871177
[11] => 25871178
[12] => 25871179
[13] => 25871180
[14] => 25871181
[15] => 25871182
[16] => 25871183
[17] => 25871184
[18] => 25871185
[19] => 25871186
)
[MLSAreaMajor] => Array
(
[0] => Metro
)
[PropertyFrontage] => Array
(
[0] => Other
)
[SpecialListingConditions] => Array
(
[0] => None
)
)
- Land Area (sf): 7,500
- Living (sf): 1,800
- Year Built: 1954
- Property Condition: Average,Fair
- Number of Parking Spaces: 8
- View: None
- Listing Office: Real Capital Advisors, LLC
- Land Tenure: FS - Fee Simple
