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1139 Papaku Place, Honolulu, HI, 96814
Multi-dwelling in Makiki Area
$1,399,999Est. $7,954/mo
  • Active under contract Accepted an offer. Backup offers welcome.
  • Fee SimpleYou own the property outright.
  • 112 daysListed 08/03. Last updated 10/26.
  • Built in 1954Built 70 years ago.
Shay Kusumoto

Shayna Kusumoto

Compass | RS-85783
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What this multi-dwelling offers

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.

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Where you'll live

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1139 Papaku Place, Honolulu, HI, 96814 is located in Makiki Area on Oahu.

More about this multi-dwelling

  • Tax ID 1-2-4-012-022-0000
  • Taxes$502/mo
  • HOA Fee: n/a
  • Property Type Multi-dwelling
  • Tenure Fee Simple
  • Construction Above Ground, Single Wall, Wood Frame
  • Roof Asphalt Shingle
  • Year Built 1954
  • Lot Size 6,750 sqft
  • Views None
  • Parking Open
About HonoluluOpen and close this section

Honolulu homes come in a wide variety of styles and prices. While known for its luxury oceanfront estates, Honolulu has neighborhoods with affordable condos and modest homes for first-time buyers. Higher-priced inland homes on larger lots grace well-cared-for neighborhoods. As homes rise on hillsides, so do prices. Oceanfront luxury mansions and gated ridgeline estates with panoramic views are the most expensive homes in Honolulu. View all homes for sale in Honolulu.

Listing courtesy of Robert H Vernon from RE/MAX Honolulu, MLS #202416131. Contact: r.vernon7@gmail.com.

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