721 Paani Street, Honolulu, HI 96826

$1,690,000
List Price
$1,690,000
Status
ACTIVE
Type
Multifamily
MLS#
202311379
Days on Market
129
Land Area
4,914
Year Built
1938
Year Remodeled
2017
Neighborhood
Moiliili
Land Tenure
FS - Fee Simple

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.

Additional Information

Island
Oahu
Stories Type
One, Two
Utilities
Cable, Internet, Overhead Electricity, Public Water, Sewer Fee
View
None
Easements
None
Parking Total
4
Tenants Responsibilities Include
Cable TV, Electricity
Sqft Building
1813
Elementary School
Ala Wai
Middle School
Washington
High School
Kaimuki
Lot Size
4,914
Construction Materials
Wood Frame
Mls Area Major
Metro
Neighborhood
Moiliili
Studio Units Number Of
2
Year Built
1938
Year Remodeled
2017
Tax Amount
$389
Total Income
84000
Sewer
Connected
Unit Two Bed Number Of
1
Roof
Asphalt Shingle
Recreation Facilities
None
Parking Features
Assigned, Covered, Open
Lot Features
Clear
Amenities
None
Total Annual Operating Expenses
21923
Unit Three Bed Number Of
1
Assessed Total
1335100
Assessed Improvement
150600
Assessed Land
1184500
Zoning
12 - A-2 Medium Density Apartme

Mortgage Calculator

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Calculator source: Real Geeks

Listing courtesy of eXp Realty.

Based on information from the Multiple Listing Service of Hicentral MLS, Ltd. Listings last updated on . Information is deemed reliable but not guaranteed. Copyright: 2023 by HiCentral MLS, Ltd. IDX information is provided exclusively for consumers' personal, non-commercial use. It may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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