Bought with Oceans Real Estate
$2,400,000
$3,300,000
27.3%For more information regarding the value of a property, please contact us for a free consultation.
702 Prospect ST Honolulu, HI 96813
4 Beds
2 Baths
1,364 SqFt
Key Details
Sold Price $2,400,000
Property Type Single Family Home
Sub Type Single Family Residence
Listing Status Sold
Purchase Type For Sale
Square Footage 1,364 sqft
Price per Sqft $1,759
Subdivision Punchbowl Area
MLS Listing ID 202121149
Sold Date 07/01/22
Style Detached,Multiplex
Bedrooms 4
Full Baths 2
Construction Status Average Condition
Year Built 1935
Annual Tax Amount $3,504
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.
Location
State HI
County Oahu
Area Metro
Interior
Flooring Other
Fireplace No
Exterior
Parking Features Garage, Two Car Garage, Two Spaces, On Street
Garage Spaces 2.0
Garage Description 2.0
Pool None
Utilities Available Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Other, Phone Available, Water Available
View Y/N Yes
View City, Ocean
Total Parking Spaces 2
Building
Lot Description Corner Lot, Dead End, Other
Entry Level Two
Water Public
Architectural Style Detached, Multiplex
Level or Stories Two
New Construction No
Construction Status Average Condition
Others
HOA Fee Include None
Tax ID 1-2-2-004-033-0000
Financing Cash
Special Listing Condition None
Read Less
Want to know what your home might be worth? Contact us for a FREE valuation!
Our team is ready to help you sell your home for the highest possible price ASAP
