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1609 Alapai St

Honolulu, HI 96813
  • $3,300,000
  • STATUS: Active
  • ON SITE: 60 Days
  • MLS #: 653515
UPDATED: 37 min ago
$3,300,000
  • 4
    BEDS
  • 0.11
    ACRES
  • 2
    BATHS
  • 0
    1/2 BATHS
  • 1,364
    SQFT
  • $2,419
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1937
Area:

School Ratings & Info

Description

Special A2 zoned development opportunity. Located contiguous to the corner of Alapai/Prospect Sts, this property is being sold together with 1617 Alapai St, MLS # 653418 for a total of 10,732 sq ft as part of an estate sale. These properties have not been marketed since 1953 and represent an ideal opportunity for redevelopment into higher density residential/apartment use and development under Bill 7. 702 Prospect and 1617 Alapai each contain 2 dwellings with 3 rental units each for a total of 6 rental units. The location is ideally located on the slope of Punchbowl. Buyer to do their own due diligence as to development ability. These properties are a very rare chance to own A2 zoned land in probably the most premier A2 zoned land on Oahu. A beautiful residential area with close proximity to Downtown and skyrocketing land values. Some of the units are on month to month rental agreements significantly below market value. Please do not disturb the occupants.

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© 2021 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Iokua Real Estate, Inc.. Data last updated: 2021-10-22T20:34:27.413.
www.iokuasales.com/homes/120715451
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1609 Alapai St Honolulu, HI 96813

  • Price: $3,300,000
  • Status: Active
  • Updated: 37 min ago
  • MLS #: 653515
4
Beds
2
Baths
0
½ Baths
0.11
Acres
1,364
SQFT
$2,419
$/SQFT
1937
Built
Neighborhood:
Punchbowl
Area:
Honolulu
Property Description
Special A2 zoned development opportunity. Located contiguous to the corner of Alapai/Prospect Sts, this property is being sold together with 1617 Alapai St, MLS # 653418 for a total of 10,732 sq ft as part of an estate sale. These properties have not been marketed since 1953 and represent an ideal opportunity for redevelopment into higher density residential/apartment use and development under Bill 7. 702 Prospect and 1617 Alapai each contain 2 dwellings with 3 rental units each for a total of 6 rental units. The location is ideally located on the slope of Punchbowl. Buyer to do their own due diligence as to development ability. These properties are a very rare chance to own A2 zoned land in probably the most premier A2 zoned land on Oahu. A beautiful residential area with close proximity to Downtown and skyrocketing land values. Some of the units are on month to month rental agreements significantly below market value. Please do not disturb the occupants.
Exterior Features

Design Double WallSingle Wall Land Tenure Fee Simple Lot Description Dead End Ocean Front N Pool N Roads Paved Topography Gentle Slope View CityOcean

Interior Features

Appliances Other (Remarks)

Property Features

Assessed Value 1000600 Assessment Year 2021 Distressed Standard Sale Lot Number 3 Power Overhead Property Type Multi-Family Sewer Sewer-Connected Solid Waste Disposal Other (Remarks) Tax Key 122004033 Taxes 3502.00 Terms CashConventionalOpen Vehicle Parking Other (Remarks) Water County Zoning A-2

Listing information © 2021 MLS Hawaii, Inc. All rights reserved.
Listing courtesy of Nathalie Mullinix Realty Universal, Inc..


© 2021 MLS Hawaii, Inc. All rights reserved. IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Iokua Real Estate, Inc.. Data last updated: 2021-10-22T20:34:27.413.
 
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