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! 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. All tenants on Month-to-Month leases. 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.Click on Virtual Walk-thru link. (Open with Video Player for Google Drive)

Construction Materials Above GroundOtherSingle Wall Location Other Lot Description Other Other Parking <10 Spaces Parking CoveredOpenUnassigned Parking Total 8 Property Frontage Other Roof Asphalt ShingleOther Stories OneTwo Topography LevelOther View None

Furnished None Laundry IndividualOtherWasher Sq Ft Building 1800

1 Bed Units 0 2 Bed Units 3 3 Or More Bed Units 0 Amenities A/COtherStorage Annual Expenses 55800.00 Assessed Value Improvements 108600.00 Assessed Value Land 862500.00 Assessed Value Total 971100.00 Building Type DuplexMulti DwellingsOther Disclosures Non Resident OwnerPet On PropertySee Remarks Documents Lease Documents Easements Other Expenses Include Excise TaxInsuranceProperty Tax Flood Zone Zone X Foreclosure YN No Land Recorded Land Court Land Tenure Fs - Fee Simple Listing Financing CashConventionalExchange Net Operating Income 45145.00 Other Income 0.00 Possession At ClosingSubject To Tenancy Property Condition AverageFair Recreation Facilities None Set Backs Of Record Sewer Connected Special Sale Conditions None Studio Units 0 Tax Amount 275.00 Tax Annual Amount 3300.00 Tax Paid By Seller No Tax Year 2023 Tenant Pays AcCable TvElectricityOtherWater Total Actual Rent 55800.00 Total Income 55800.00 Utilities Available CableInternetOtherOverhead ElectricityPublic WaterTelephoneWater Utilities Meters ElectricIndividualWater Zoning 11 - A-1 Low Density Apartment

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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2023-06-06T17:58:50.113. Information is deemed reliable but not guaranteed. Copyright: 2023 by HiCentral MLS, Ltd.

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3536 Salt Lake Boulevard

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3536 Salt Lake Boulevard Honolulu, HI 96818

Property Description

Construction Materials	Above Ground Other Single Wall
Location	Other
Lot Description	Other
Other Parking	<10 Spaces
Parking	Covered Open Unassigned
Parking Total	8
Property Frontage	Other
Roof	Asphalt Shingle Other
Stories	One Two
Topography	Level Other
View	None

Furnished	None
Laundry	Individual Other Washer
Sq Ft Building	1800

1 Bed Units	0
2 Bed Units	3
3 Or More Bed Units	0
Amenities	A/C Other Storage
Annual Expenses	55800.00
Assessed Value Improvements	108600.00
Assessed Value Land	862500.00
Assessed Value Total	971100.00
Building Type	Duplex Multi Dwellings Other
Disclosures	Non Resident Owner Pet On Property See Remarks
Documents	Lease Documents
Easements	Other
Expenses Include	Excise Tax Insurance Property Tax
Flood Zone	Zone X
Foreclosure YN	No
Land Recorded	Land Court
Land Tenure	Fs - Fee Simple
Listing Financing	Cash Conventional Exchange
Net Operating Income	45145.00
Other Income	0.00
Possession	At Closing Subject To Tenancy
Property Condition	Average Fair
Recreation Facilities	None
Set Backs	Of Record
Sewer	Connected
Special Sale Conditions	None
Studio Units	0
Tax Amount	275.00
Tax Annual Amount	3300.00
Tax Paid By Seller	No
Tax Year	2023
Tenant Pays	Ac Cable Tv Electricity Other Water
Total Actual Rent	55800.00
Total Income	55800.00
Utilities Available	Cable Internet Other Overhead Electricity Public Water Telephone Water
Utilities Meters	Electric Individual Water
Zoning	11 - A-1 Low Density Apartment