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    702 Prospect Street

    Honolulu, HI 96813
    • $3,300,000
    • STATUS: Active
    • ON SITE: 57 Days
    • MLS #: 202121149
    UPDATED: 51 min ago
    $3,300,000
    • 4
      BEDS
    • 0.11
      ACRES
    • 2
      BATHS
    • 0
      1/2 BATHS
    • 1,364
      SQFT
    • $2,419
      $/SQFT
    Neighborhood:
    Type:
    Single-Family Home
    Built:
    1935
    County:
    Area:

    School Ratings & Info

    Description

    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.

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    © 2021 HiCentral MLS, Ltd. All rights reserved.
    Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

    IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Island Life Homes.

    Licensed in the State of Hawaii, USA.
    www.islandlifehm.com/homes/120714367
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    702 Prospect Street Honolulu, HI 96813

    • Price: $3,300,000
    • Status: Active
    • Updated: 51 min ago
    • MLS #: 202121149
    4
    Beds
    2
    Baths
    0
    ½ Baths
    0.11
    Acres
    1,364
    SQFT
    $2,419
    $/SQFT
    1935
    Built
    Neighborhood:
    Punchbowl Area
    County:
    Oahu
    Area:
    Metro
    Property Description
    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.
    Exterior Features

    Construction Materials Single Wall Location CornerDead End Lot Description Other Parking 2 CarGarageStreet Pool None Road Frontage Paved Rd Roof Asphalt Shingle Stories Two Style Detach Single FamilyMultiple Dwellings Topography Gentle Slope View CityOcean

    Interior Features

    Floors Other Inclusions Other Sq Ft Roofed Living 1364

    Property Features

    Assessed Value Improvements 923500.00 Assessed Value Land 77100.00 Assessed Value Total 1000600.00 Association Fee2 Includes None Disclosures Property Disclosure Stmt Easements None Flood Zone Zone X Foreclosure YN No Fractional Ownership YN No Land Recorded None Land Tenure Fs - Fee Simple Listing Financing CashConventionalOther New Construction No Occupancy Tenant Possession At ClosingSubject To Rental Lease Property Condition Fair Property Subtype Single Family Setbacks C&C Special Sale Conditions None Tax Amount 292.00 Tax Paid By Seller 0 Tax Year 2021 Utilities Available CableConnectedInternetOverhead ElectricityPublic WaterTelephone Zoning 12 - A-2 Medium Density Apartme

    Listings provided courtesy of Nathalie Mullinix R. U., Inc..
    Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2021-10-18T02:58:42.82. Information is deemed reliable but not guaranteed. Copyright: 2021 by HiCentral MLS, Ltd.


    © 2021 HiCentral MLS, Ltd. All rights reserved.
    Some of the active listings on this site may be listed by other REALTORS®. If you are interested in those active listings, our company may represent you as the buyer's agent. If the active listing you are interested in is our company's active listing, you may speak to one of our agents regarding your options for representation.

    IDX information is provided exclusively for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information is deemed reliable but is not guaranteed accurate by the MLS or Island Life Homes.

    Licensed in the State of Hawaii, USA.
     
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    Honolulu HI, 96816