Address
48 N School Street Honolulu, HI
Price
$ 3,000,000
Property Attributes
  • MLS#202129420
  • TypeBackup
  • CountyOAHU
  • CityHonolulu
  • AreaMetro
  • NeighborhoodNUUANU-LOWER
  • Zip96817
  • StyleApartments,Multi Dwellings
  • Year Built1955
  • Taxes$ 522
  • Price$ 3,000,000
  • Bedrooms9
  • Full Bathrooms0
  • Half Bathrooms0
  • Lot Size7,857 SqFt
Listing Provided Courtesy Of:
Hawaii Sands Realty
Data Source:
HiCentral MLS (HICMLS)
Property Description

This A-1 zoned property currently has three buildings: a 5 bed/2 bath house with basement, and two 4-unit walk-up apartments with one bed/one bath units, all separately metered, 13 parking stalls, and a coin operated laundry area. BILL 7 REDEVELOPMENT OPPORTUNITY: The purpose of the City and County of Honolulu’s Bill 7 is to establish a temporary program to accelerate the construction of affordable rental housing in the apartment and business mixed use zoning districts by relaxing certain zoning and building code standards, and offering certain financial incentives. The seller contracted with ahl architects to examine the feasibility for Bill 7 application to this property. ahl architects determined that this plot would qualify under Bill 7 and would allow for the development of a 40 to 56 unit apartment building with maximum use of the floor to area ratio. Due to its location off the H-1 freeway, with convenient access to downtown Honolulu and all areas of the island, this is an ideal spot for redevelopment under Bill 7. Learn more about the redevelopment and the property's current condition at our commercial properties page.

Price History
11/22/2021 Listed $3,000,000

General Features

Amenities None
Easements Other
Land Tenure FS - Fee Simple
Parking Total 13
Property Condition Average
Roof Other
Sewer Connected
Status In Escrow Showing
TMK Area 117
TMK Division 1
TMK Parcel 47
TMK Plat 9
TMK Section 7
TMK Zone 1
Terms Offered Cash, Govt Guaranteed Loan, Open, Other
Topography Level
Utilities Gas
View City, Garden, Mountain

Interior Features

Stories Type Three
Total Units 9

Exterior Features

Lot Description Clear
Lot Size Area 7857.00
Parking Features Assigned
Property Frontage Other

Amenities

  • Foreclosure
  • Views
  • Short Sale
  • New Construction
  • Adult 55+
  • Lease To Own
  • No HOA Fees
  • Furnished
  • Primary On Main
  • Air Conditioning
  • Seller Finance
  • Green
  • Fixer Upper
  • Horse
  • Golf
  • Fireplace
  • Deck
  • Garage
  • Basement
  • Pool

Property vs Backup Average in 96817

Price
AVG $1.04M
$3M
Taxes
AVG $385
$522
Visits
AVG 59
23
Year Built
AVG 1965
1955
Walkscore
AVG 80
90
Data Provided by Walkscore ® not using MLS data

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