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$ 1,399,999
Est. payment /mo
Active
1139 Papaku Place Honolulu, HI 96814
3 Beds
1 Bath
680 SqFt
UPDATED:
Key Details
Property Type Other Types
Sub Type Single Family
Listing Status Active
Purchase Type For Sale
Square Footage 680 sqft
Price per Sqft $2,058
MLS Listing ID 202415697
Style Detach Single Family
Bedrooms 3
Full Baths 1
Year Built 1954
Lot Size 6,750 Sqft
Acres 6750.0
Property Sub-Type Single Family
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 Honolulu
Area Metro
Zoning Zone X
Interior
Heating Connected, Public Water, Sewer Fee, Water
Flooring Other
Inclusions Range/Oven, Refrigerator, Water Heater
Furnishings None
Exterior
Parking Features 3 Car+, Boat
Garage Spaces 5.0
Pool None
Utilities Available Connected, Public Water, Sewer Fee, Water
Amenities Available Wall/Fence
View None
Total Parking Spaces 5
Building
Lot Description Clear
Story One
Others
Ownership FS - Fee Simple
Listed by RE/MAX Honolulu