13 photos 
1139 PAPAKU Place
Honolulu, HI 96814
$1,598,000
Monthly mortgage paymentsProperty Type
Single Family
Beds
3
Baths
1
Parking
5
Balcony
No
Basic Info
- MLS Number: 202324350
- 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 SINGLE FAMILY HOME, IT ENJOYS A GREAT LOCATION JUST OFF THE MAIN THOROUGHFARE, SHARING A PAVED ROAD WITH read more THE POST OFFICE.WHAT MAKES THIS PROPERTY TRULY EXCEPTIONAL IS THE POTENTIAL FOR A BILL 7 REDEVELOPMENT PROJECT, ADDRESSING THE PRESSING NEED FOR AFFORDABLE HOUSING AND/OR THE POTENTIAL TO DEVELOP SENIOR CARE FACILITIES FOR OUR KAPUNA. 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, AND A REMARKABLE 10 YEAR PROPERTY TAX EXEMPTION. IN FACT, SELLERS HAVE COPIES OF BUILDING PLANS SUBMITTED TO DPP FOR A 33 UNIT AFFORDABLE HOUSING 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 CONSULT PROFESSIONALS.TO BE CONVEYED AS IS.
Construction Materials: Above Ground,Single Wall
Flooring: Laminate,Other
Inclusion
- Range/Oven
- Refrigerator
Honolulu, HI 96814
Mortgage Calculator
$3711 per month
| Architectural Style: | Detach Single Family |
| Flood Zone: | Zone X |
| Land Tenure: | FS - Fee Simple |
| Major Area: | Metro |
| Market Status: | Active |
| Unit Features: | N/A |
| Unit View: | None |
| Amenities: | Wall/Fence |
| Association Community Name: | N/A |
| Easements: | Electric,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: | 3 Car+,Boat |
| Permit Address Internet: | 1 |
| Pool Features: | None |
| Property Condition: | Average |
| Property Sub Type: | Single Family |
| SQFT Garage Carport: | N/A |
| SQFT Roofed Living: | 680 |
| Stories Type: | One |
| Topography: | Level |
| Utilities: | Connected,Water |
| View: | None |
| YearBuilt: | 1954 |
Contact An Agent
1010676