2112 Citron St
Honolulu, HI 96826

For Sale
Active
List Price
$3,695,000 (FS)
Property Type:
Multi-Family
Studio Units:
0
1-Bed Units:
0
2-Bed Units:
5
3-Bed Units:
1
Land Area (sf):
12,000
Living (sf):
--
Lanai (sf):
--
Other (sf):
--
Parking Stalls:
4 - Assigned
MLS #:
202212409
Island:
Oahu
Region:
Metro Oahu
Neighborhood:
MOILIILI
TMK:
1-2-7-007-050-0000
List Date:

REMARKS:

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 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**

PROPERTY INFORMATION:

Zoning:
12 - A-2 Medium Density Apartme
Furnished:
Partial
Year Built:
1955
Year Remodeled:
--

FINANCIAL INFORMATION:

Assd. Val. Land:
$2,460,000
Assd. Val. Imprv:
$205,800
Assd. Val. Total:
$2,665,800
Tax Year:
2022
Monthly Taxes:
$780
Home Exempt.:
--

SCHOOLS:

Elem. School:
Lunalilo
Middle School:
Washington
High School:
Kaimuki

OTHER PROPERTY FEATURES:

Frontage:
Other
View:
None
Pool:
--
Amenities:
None
Inclusions:
--
Security:
--
Assn. Fee Inclusions:
--
Other Fee Inclusions:
--
Lot Description:
Other
Topography:
Level, Other
Number of Stories:
One
Building Style:
--
Property Condition:
Fair
Construction:
Above Ground, Single Wall, Wood Frame
Roofing:
Composition
Floor Covering:
--
Disclosures:
1031 Exchange
Possession:
At Closing, Subject To Tenancy
Terms Accept.:
Cash, Conventional, Exchange
Land Recorded:
Land Court
Exclusions:
--
Easements:
Electric
Set-Backs:
C&C, Of Record
Compensation*:
2.5

* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Monday, August 8, 2022.  Information is deemed reliable but not guaranteed.  Copyright: 2022 by HiCentral MLS, Ltd.  Listing courtesy of Commercial Inv. Strategies