MLS Number 202121149 For Sale
Let our Oahu real estate inspire you...
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 #202121143 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. Listing information courtesy of Nathalie Mullinix R. U., Inc.
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Property Type | Single Family |
| Bedrooms | 4 |
| Full Bathrooms | 2 |
| Interior Living Area | 1,364 sq. ft.
126.72 sq. m. |
| Total Area |
1,364 sq. ft. 126.72 sq. m. |
| Lot Size Area |
0.111 acres
447.24 sq. m. |
| Year Built | 1935 |
| Parking Total | 2 |
| Parking Type |
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| Property Condition | Fair |
| Utilities |
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| Views |
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| Inclusions |
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| Flooring |
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| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Architectural Style |
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| Construction Materials |
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| Easements |
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| Location | Corner, Dead End |
| Lot Features |
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| Roof | Asphalt Shingle |
| Stories | Two |
| Item | Details (Information deemed reliable, but not guaranteed.) |
|---|---|
| Current Price | $3,300,000 FS - Fee Simple |
| Price / Sq. Ft. | $2,419.35 / Sq. Ft. |
| Land Tenure | FS - Fee Simple (You own the land.) |
| Tax Assessed Value | $1,000,600 |
| Tax Assessed Value Improvements | $77,100 |
| Tax Assessed Value Land | $923,500 |
| Tax Exemption Owner Occupancy | $0 |
| Tax Amount | $292 / Month |
| Tax Year | 2021 |
| TMK (Tax Map Key) | 1-2-2-004-033-0000 |
| Item | Details |
|---|---|
| City | Honolulu |
| Neighborhood | Punchbowl Area |
| Zip Code | 96813 |
| Zoning | 12 - A-2 Medium Density Apartme |
| Flood Zone | Zone X |
