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721 Paani Street

Honolulu, HI 96826
  • $1,650,000
  • STATUS: Active
  • ON SITE: 270 Days
  • MLS #: 202311379
Price Reduced
UPDATED: 70 min ago
$1,650,000
  • 0
    BEDS
  • 0.11
    ACRES
  • 0
    BATHS
  • 0
    1/2 BATHS
  • 1,813
    SQFT
  • $910
    $/SQFT
Neighborhood:
Type:
Multi-Family
Built:
1938
County:
Area:

School Information

Elementary School:
Middle School:
High School:

Description

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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© 2024 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/140115140
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721 Paani Street Honolulu, HI 96826

  • Price: $1,650,000
  • Status: Active
  • On Site: 270 Days
  • Updated: 70 min ago
  • MLS #: 202311379
0
Beds
0
Baths
0
½ Baths
0.11
Acres
1,813
SQFT
$910
$/SQFT
1938
Built
Neighborhood:
Moiliili
County:
Oahu
Area:
Metro
Elementary School:
Ala Wai
Middle School:
Kaimuki
High School:
Washington
Property Description
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.
Exterior Features

Construction Materials Wood Frame Location Corner Lot Description Clear Other Parking None Parking AssignedCoveredOpen Parking Total 4 Roof Asphalt Shingle Stories OneTwo Topography Level View None

Interior Features

Furnished None Laundry CoinDryerWasher Remodeled Year 2017 Sq Ft Building 1813

Property Features

1 Bed Units 0 2 Bed Units 1 3 Or More Bed Units 1 Amenities None Annual Expenses 21923.48 Assessed Value Improvements 150600.00 Assessed Value Land 1184500.00 Assessed Value Total 1335100.00 Building Type Multi Dwellings Disclosures 1031 ExchangeLicensed OwnerRelative of Licensee Easements None Expenses Include Other Flood Zone Zone AO Land Recorded Land Court Land Tenure FS - Fee Simple Listing Financing CashConventional Net Operating Income 62076.52 Other Income 0.00 Possession Subject To Tenancy Property Condition Average Recreation Facilities None Set Backs C&C Sewer Connected Special Sale Conditions None Studio Units 2 Tax Amount 389.42 Tax Annual Amount 4673.04 Tax Paid By Seller No Tax Year 2022 Tenant Pays Cable TVElectricity Total Actual Rent 7000.00 Total Income 84000.00 Utilities Available CableInternetOverhead ElectricityPublic WaterSewer Fee Utilities Meters ElectricWater Zoning 12 - A-2 Medium Density Apartme

Listings provided courtesy of eXp Realty: (808) 725-2794.
Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listings last updated on 2024-02-27T07:59:08.863. Information is deemed reliable but not guaranteed. Copyright: 2024 by HiCentral MLS, Ltd.


© 2024 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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2243 Kauhana Street
Honolulu HI, 96816