A great opportunity awaits a buyer for this property! The homes are in a prime location, on a wide street with lots of parking across the street. The property is situated between Pensacola & Piikoi Streets, moments away from Ala Moana Mall, restaurants, banks, schools & medical centers. There is a lot of potential to update & customize these homes & make them shine! A bonus is the covered lanai between the houses for entertaining or relaxing & a side yard for gardening.
The two-story Front House, built in 1949, has three bedrooms w/ one bath upstairs & two bedrooms w/ one bath downstairs. The single-level Guest House, built in 1963, has two bedrooms w/ one bath & one-car carport. There are two laundry areas, two water heaters & separate electric meters.
Two detached legal single family homes with lots of driveway parking. Homes are in good shape with new paint, new carpet, new appliances. Front house has 7 bedrooms, back house has 4 bedrooms. Centrally located, walking distance to Ala Moana Shopping Center and more. OR redevelop under Bill 7 passed by the City to promote multi-family units.
Architectural renderings available to include a 3 story building - 18 units to include 8 studios, 6 two bedrooms, 2 three bedrooms plus lobby, gym, rec area.
It's all about the location!
Bill 7 offers numerous incentives - property tax abatement, less parking stall requirements, shorter setbacks (buyer to do their own due diligence regarding Bill 7).