721 Paani St

721 Paani St
Honolulu, HI 96826

For Sale

Active

List Price

$1,650,000 (FS)

Property Type:: Single Family
Bedrooms:: 5
Full Baths:: 5
Half Baths:: 0

Land Area (sf):: 4,914
Living (sf):: 1,813
Lanai (sf):: --
Other (sf):: 70

Parking Stalls:: 4 - 3 Car+

MLS #:: 202311496
Island:: Oahu
Region:: Metro Oahu
Neighborhood:: MOILIILI
TMK:: 1-2-7-005-003-0000

List Date:: May 25, 2023

REMARKS:

Check out this incredible apartment zoned corner lot situated right on the outskirts of Waikiki. Centrally located close to Ala Moana Center, McCully Shopping Center, and UH Manoa, with easy access to major roads and freeways. Currently offers two well-maintained dwellings that have undergone recent updates. Building one is a 3 bedroom 2 bath, had its water heater replaced in 2023, and offers a homey feel. Building two consists of one 2 bedroom 1 bath, and two studios with roofing replaced this year (2023). Additionally, the bathrooms and kitchens have received upgrades. Each building has its own electric meter and one water meter for the whole property. This property presents the perfect opportunity for redevelopment with Honolulu's Bill 7.

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PROPERTY INFORMATION:

Zoning:: 12 - A-2 Medium Density Apartme
Furnished:: None

Year Built:: 1938
Year Remodeled:: 2017

FINANCIAL INFORMATION:

Assd. Val. Land:: $1,184,500
Assd. Val. Imprv:: $150,600
Assd. Val. Total:: $1,335,100

Tax Year:: 2022
Monthly Taxes:: $389
Home Exempt.:: $0

SCHOOLS:

Elem. School:: Ala Wai
Middle School:: Washington
High School:: Kaimuki

OTHER PROPERTY FEATURES:

Frontage:: --
View:: None
Pool:: None
Amenities:: None
Inclusions:: Dryer, Refrigerator, Washer, Water Heater
Security:: --
Assn. Fee Inclusions:: --
Other Fee Inclusions:: --

Lot Description:: Clear
Topography:: Level
Number of Stories:: One, Two
Building Style:: Multiple Dwellings
Property Condition:: Average
Construction:: Wood Frame
Roofing:: Asphalt Shingle
Floor Covering:: Ceramic Tile, Laminate

Disclosures:: 1031 Exchange, Licensed Owner, Relative of Licensee
Possession:: Subject to Rental Lease
Terms Accept.:: Cash, Conventional
Land Recorded:: Land Court

Exclusions:: --
Easements:: None
Set-Backs:: Of Record

Compensation*:: 3
Compensation Type:: %

* The offer of compensation to cooperating brokers is made only to the Participants and MLS Subscribers of HICMLS or Participants and MLS Subscribers of other Reciprocating Boards as set forth in that certain Multiple Listing Service Reciprocal Agreement, as amended from time to time, which is incorporated herein by reference.

Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. listings last updated on Friday, April 19, 2024. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd. Listing courtesy of eXp Realty