KAKAAKO 1112 Kamaile St, Honolulu
$1,475,000 - 7 Beds, 3.00 Baths, 1,586 Sf
MLS® # 202406731
3 Beds
1 Baths
680 Sqft
.15 Acres
1954
Year Built
- Overview 3 Beds, 1 Bath, 680 SQ. Feet, 0.15 Acres
- Listing Type Residential
- Office: RE/MAX Honolulu
EXCEPTIONAL INVESTMENT OPPORTUNITY: UNPRECEDENTED A-2 APARTMENT ZONED PROPERTY IN THE HEART OF MAKIKI! THIS EXTRAORDINARY OFFERING IS PRICED WELL BELOW THE 2023 REAL PROPERTY TAX LAND VALUE. FEATURING AN EXISTING WELL KEPT 3 BEDROOM/ 1 BATH 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 SQUARE FOOT UPON PROJECT COMPLETION. MOREOVER, THERE ARE NO PERMITTING OR UTILITY FEES TO WORRY ABOUT, POTENTIALLY EXEPEDIATED PERMITTING, AND A REMARKABLE 10 YEAR PROPERTY TAX EXEMPTION. IN FACT, 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.TO BE CONVEYED AS IS.
Essential Information
MLS® #202324350
Price$1,598,000
Bedrooms3
Bathrooms1.00
Full Baths1
Square Footage680
Acres0.15
Year Built1954
TypeResidential
Sub-TypeSingle Family
Land TenureFS - Fee Simple
StyleDetach Single Family
StatusActive
Community Information
Address1139 Papaku Pl
AreaMetro
SubdivisionMAKIKI AREA
Amenities
AmenitiesWall/Fence
UtilitiesConnected, Water
Parking Spaces5
Parking3 Car+, Boat
ViewNone
PoolNone
Interior
StoriesOne
Exterior
ExteriorAbove Ground, Single Wall
Lot DescriptionClear
RoofAsphalt Shingle
Additional Information
Date ListedOctober 28th, 2023
Days on Market183
Description Land TenureFS - Fee Simple
Zoning
12 - A-2 Medium Density Apartme
Listing Details
OfficeRE/MAX Honolulu
Office Contact(808) 687-8900
Property History
Price Reduced from $1,599,000 to $1,598,000
Quick Details
This Single Family Residence is priced at $1,598,000 and located at 1139 Papaku Pl, . With 3 Bedrooms and 1.00 Bathrooms, it offers a total of 680 Square feet. This Residential was built in 1954 and its status is Active. This property is represented by Robert H Vernon of RE/MAX Honolulu, Contact Number (808) 600-1816, our team of Realtors can represent you at no additional cost.
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