1139 Papaku PL Save Request In-Person Tour Request Virtual Tour
Honolulu,HI 96814
Key Details
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Active Under Contract
Purchase Type For Sale
Square Footage 680 sqft
Price per Sqft $2,058
Subdivision Makiki Area
MLS Listing ID 202415697
Style Detached
Bedrooms 3
Full Baths 1
Construction Status Average Condition,Good Condition
Year Built 1954
Annual Tax Amount $6,036
Property Description
LARGE PRICE IMPROVEMENT - 300K BELOW TAX ASSESSED VALUE FOR 2024! AN EXCEPTIONAL INVESTMENT OPPORTUNITY: UNPRECEDENTED A-2 ZONED PROPERTY IN THE HEART OF MAKIKI! FEATURING AN EXISTING WELL KEPT 3 BEDS/ 1BA SINGLE FAMILY HOME, IT ENJOYS A GREAT LOCATION JUST OFF THE MAIN THOROUGHFARE, SHARING A PAVED ROAD WITH 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 SQ.FT. UPON PROJECT COMPLETION. MOREOVER, THERE ARE NO PERMITTING OR UTILITY FEES TO WORRY ABOUT, POTENTIALLY EXPEDITED PERMITTING & REMARKABLE 10 YEAR PROPERTY TAX EXEMPTION.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. CONVEYED AS IS.
Location
State HI
County Oahu
Area Metro
Interior
Flooring Other
Inclusions Range/Oven,Refrigerator,Water Heater
Furnishings Unfurnished
Fireplace No
Exterior
Parking Features Boat,Three or more Spaces
Fence Fenced,Wall
Pool None
Utilities Available Other,Sewer Available,Water Available
View Y/N No
View None
Total Parking Spaces 5
Building
Lot Description Cleared,Interior Lot,Level
Entry Level One
Water Public
Architectural Style Detached
Level or Stories One
New Construction No
Construction Status Average Condition,Good Condition
Others
Tax ID 1-2-4-012-022-0000
Special Listing Condition None