7 photos 
1525 Piikoi Street
Honolulu, HI 96822
$2,190,000
Monthly mortgage paymentsProperty Type
Multi-Family
Beds
Baths
Parking
6
Balcony
No
Basic Info
- MLS Number: 202322196
- HOA Fees:
- Maintenance Fees:
- Neighbourhood: MAKIKI AREA
- TMK: 1-2-4-20-64
- Annual Tax Amount: $6320.40/year
Property description
3123
6962.00
This property boasts an exceptional location along Piikoi Street. The rental income is currently stable but presents significant potential for growth. Prospective new owners have the option to retain it as an income-producing property or leverage Bill 7 to develop a 34-unit apartment complex. Presently, a comprehensive 34-unit Bill 7 building plan is undergoing read more thorough review by the Department of Planning and Permitting (DPP). The sale package encompasses the newly devised building plan, a complete survey, and engineering reports.
Notably, Piikoi Street is subject to a road widening plan. Nevertheless, the seller has secured a letter of approval from the DPP, granting permission for the construction of a 34-unit apartment. Furthermore, the sewer application has received official approval.
The property consists of two existing structures: the front structures encompass 3 one-bedroom units and 5 studios, all inclusive of electricity and water in the rent. Additionally, 3 studios are located in the rear structure. It is worth noting that 2 out of the 11 units are equipped with dedicated gas meters.
Construction Materials: Above Ground,Double Wall,Wood Frame
Flooring:
Inclusion
Honolulu, HI 96822
Mortgage Calculator
$5086 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: | A/C |
| Association Community Name: | N/A |
| Easements: | Street Widening |
| Internet Automated Valuation: | 1 |
| Latitude: | 21.3047 |
| Longitude: | -157.8408268 |
| Listing Service: | Full Service |
| Lot Features: | Other |
| Lot Size Area: | 6962.00 |
| MLS Area Major: | Metro |
| Parking Features: | Assigned |
| Permit Address Internet: | 1 |
| Pool Features: | N/A |
| Property Condition: | Fair |
| Property Sub Type: | Multi-Family |
| SQFT Garage Carport: | N/A |
| SQFT Roofed Living: | N/A |
| Stories Type: | One |
| Topography: | Level |
| Utilities: | Gas,Overhead Electricity,Water |
| View: | None |
| YearBuilt: | 1927 |
Contact An Agent
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