This is A-2 Zone property which allows options to build. Convenient location between Pensacola and Piikoi Street. Close to UH,
convenient to Waikiki, downtown Honolulu, shopping, schools, freeway and business. On the bus line.
The house needs repair. The pool is empty and in need of repair. The property is sold in "As Is Condition" with no exceptions.
Great Opportunity to remodel the home to your taste or redevelop it.
Many options for you on this property. First you can build a 32 unit Bill 7 Apartment Complex because this is an apartment zoned parcel. What's even better is the owner already has the plans and open building permit ready to go! All you have to do is get your HUI together and start getting bids for contractors. If you have a heart for helping others and want to build more affordable housing in Honolulu and take advantage of the Bill 7 benefits then this project is for you! Over $200K was spent on the due diligence, plans, and permitting.
Second, you can restore this beautiful home that should be considered as a historic site in Makiki. Back in the day this property hosted many soirees.
Third, you can knock down and build your own family compound. It is possible to package this parcel with the parcel to the left of the subject property and redevelop into a family compound or multi-family dwelling as a Bill 7/non-Bill 7. Use one parcel as parking and a larger dwelling can be built on the adjacent lot.
Excellent opportunity to develop into a duplex, multifamily or potential for a Bill 7 build! Level corner lot consisting of 5,800 square feet, Zoned A-2 (Medium Density Apartment). The current home conists of 2-bedrooms, 1- bath and a one-car carport and a basement area. To be sold in as-is condition.