1139 Papaku PL Save Request In-Person Tour Request Virtual Tour
Honolulu,HI 96814
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active Under Contract
Purchase Type For Sale
Subdivision Makiki Area
MLS Listing ID 202416131
Construction Status Average Condition,Good Condition
Year Built 1954
Annual Tax Amount $6,024
Property Description
PRICE IMPROVEMENT - 200K 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 A SET OF PLANS AVAILABLE FOR REVIEW. PLANS WERE FOR AN 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 PRIOR TO CLOSE . TO BE CONVEYED AS/IS.
Location
State HI
County Oahu
Area Metro
Interior
Furnishings Unfurnished
Fireplace No
Laundry None
Exterior
Parking Features Open
Community Features None
Utilities Available Above Ground Utilities,Cable Available,Electricity Available,High Speed Internet Available,Water Available,Sewer Connected
View Y/N No
View None
Total Parking Spaces 5
Building
Lot Description Cleared,Dead End,Interior Lot,Other,Level
Dwelling Type Other
Entry Level One
Sewer Connected
Water Public
Level or Stories One
Construction Status Average Condition,Good Condition
Others
Tax ID 1-2-4-012-022-0000
Special Listing Condition None