9 photos 
1139 Papaku Place
Honolulu, HI 96814
$1,598,000
Monthly mortgage paymentsProperty Type
Multi-Family
Beds
Baths
Parking
8
Balcony
No
Basic Info
- MLS Number: 202325040
- HOA Fees:
- Maintenance Fees:
- Neighbourhood: MAKIKI AREA
- TMK: 1-2-4-12-22
- Annual Tax Amount: $6036.00/year
Property description
680
6750.00
EXCEPTIONAL INVESTMENT OPPORTUNITY: UNPRECEDENTED A-2 APARTMENT ZONED PROPERTY IN THE HEART OF MAKIKI! THIS EXTRAORDINARY OFFERING IS PRICED WELL BELOW THE 2023 REAL PROPERTY TAX LAND VALUE. FEATURING AN EXISTING WELL KEPT 3 BEDROOM/ 1 BATH HOME, IT ENJOYS A GREAT LOCATION JUST OFF THE MAIN THOROUGHFARE, SHARING A PAVED ROAD WITH THE POST read more OFFICE.WHAT MAKES THIS PROPERTY TRULY EXCEPTIONAL IS THE POTENTIAL FOR A BILL 7 REDEVELOPMENT PROJECT, ADDRESSING THE PRESSING NEED FOR AFFORDABLE HOUSING.UNDER BILL 7, YOU COULD BENEFIT FROM SUBSTANTIAL INCENTIVES, INCLUDING THE POSSIBILITY OF CITY GRANTS FOR UP TO $15.00 PER SQUARE FOOT UPON PROJECT COMPLETION. MOREOVER, THERE ARE NO PERMITTING OR UTILITY FEES TO WORRY ABOUT, POTENTIALLY EXEPEDIATED PERMITTING & REMARKABLE 10 YEAR PROPERTY TAX EXEMPTION. IN FACT, SELLERS HAVE PLANS SUBMITTED TO DPP FOR A DEVELOPMENT OF A SUBSTANTIAL 33 UNIT PROJECT UNDER BILL 7. FOR FULL DETAILS AND TO EXPLORE THE DEVELOPMENT OPPORTUNITIES THIS PROPERTY HOLDS. BUYERS AND THEIR AGENTS SHOULD PERFORM THEIR DUE DILIGENCE AND REACH OUT TO THE DEPARTMENT OF PLANNING & PERMITTING, LUO AND PROFESSIONALS LICENSED FOR DEVELOPMENT. TO BE CONVEYED AS IS.
Construction Materials: Above Ground,Single Wall
Flooring:
Inclusion
Honolulu, HI 96814
Mortgage Calculator
$3711 per month
| Architectural Style: | N/A |
| Flood Zone: | Zone X |
| Land Tenure: | FS - Fee Simple |
| Major Area: | Metro |
| Market Status: | Active |
| Unit Features: | N/A |
| Unit View: | None |
| Amenities: | None |
| Association Community Name: | N/A |
| Easements: | Electric,Other,Sewer |
| Internet Automated Valuation: | 1 |
| Latitude: | 21.3035007 |
| Longitude: | -157.8432161 |
| Listing Service: | Full Service |
| Lot Features: | Clear |
| Lot Size Area: | 6750.00 |
| MLS Area Major: | Metro |
| Parking Features: | Open |
| Permit Address Internet: | 1 |
| Pool Features: | N/A |
| Property Condition: | Above Average |
| Property Sub Type: | Multi-Family |
| SQFT Garage Carport: | N/A |
| SQFT Roofed Living: | N/A |
| Stories Type: | One |
| Topography: | Level |
| Utilities: | Public Water |
| View: | None |
| YearBuilt: | 1954 |
Contact An Agent
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