702 Prospect St
Honolulu, HI 96813
List Price
$3,300,000 (FS)
- Property Type:
- Single Family
- Bedrooms:
- 4
- Full Baths:
- 2
- Half Baths:
- 0
- Land Area (sf):
- 4,814
- Living (sf):
- 1,364
- Lanai (sf):
- --
- Other (sf):
- --
- Parking Stalls:
- 2 - 2 Car, Garage, Street
- MLS #:
- 202121149
- Island:
- Oahu
- Region:
- Metro Oahu
- Neighborhood:
- PUNCHBOWL AREA
- TMK:
- 1-2-2-004-033-0000
- List Date:
REMARKS:
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.
PROPERTY INFORMATION:
- Zoning:
- 12 - A-2 Medium Density Apartme
- Furnished:
- --
- Year Built:
- 1935
- Year Remodeled:
- --
FINANCIAL INFORMATION:
- Assd. Val. Land:
- $923,500
- Assd. Val. Imprv:
- $77,100
- Assd. Val. Total:
- $1,000,600
- Tax Year:
- 2021
- Monthly Taxes:
- $292
- Home Exempt.:
- $0
SCHOOLS:
- Elem. School:
- --
- Middle School:
- --
- High School:
- --
OTHER PROPERTY FEATURES:
- Frontage:
- --
- View:
- City, Ocean
- Pool:
- None
- Amenities:
- --
- Inclusions:
- Other
- Security:
- --
- Assn. Fee Inclusions:
- --
- Other Fee Inclusions:
- None
- Lot Description:
- Other
- Topography:
- Gentle Slope
- Number of Stories:
- Two
- Building Style:
- Detach Single Family, Multiple Dwellings
- Property Condition:
- Fair
- Construction:
- Single Wall
- Roofing:
- Asphalt Shingle
- Floor Covering:
- Other
- Disclosures:
- Property Disclosure Stmt
- Possession:
- At Closing, Subject to Rental Lease
- Terms Accept.:
- Cash, Conventional, Other
- Land Recorded:
- None
- Exclusions:
- --
- Easements:
- None
- Set-Backs:
- C&C
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Friday, October 22, 2021. Information is deemed
reliable but not guaranteed. Copyright: 2021 by HiCentral MLS, Ltd. Listing courtesy of Nathalie Mullinix R. U., Inc.