4 Beds

2.00 Baths

1,364 SqFt

In Escrow Showing

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.

Property Details
Price $3,300,000
Bedrooms 4
Full Baths 2
Total Baths 2.00
Property Style Detach Single Family,Multiple Dwellings
Lot Size Area 4814
Property Type Residential
Sub type SingleFamilyResidence
MLS Sub type Single Family
Year Built 1935
Subdivision PUNCHBOWL AREA
View City,Ocean
Roof Asphalt Shingle
Lot Description Other
Pool features None
Parking Description 2 Car,Garage,Street
Parking Spaces 2
Geographic Data
County Oahu
Market Area Metro
Address Information
Address 702 Prospect Street, Honolulu, HI 96813
Postal Code 96813
City Honolulu
State HI
Country United States
Listing Information
Listing Office Nathalie Mullinix R. U., Inc.
Listing Office Phone (808) 261-0350
Listing Agent Nathalie C Mullinix
Listing Agent Phone (808) 261-0350
Special listing conditions None
Ownership FS - Fee Simple
Terms Cash,Conventional,Other
Virtual Tour URL https://app.immoviewer.com/landing/unbranded/612caca02028634e2138aa12
MLS® Information
Days on market 197
MLS® Status In Escrow Showing
Listing Last Modified Mar 9, 2022
Tax ID 1-2-2-004-033-0000
Tax Year 2021
Tax Annual Amount 292
MLS® Area Metro
MLS® # 202121149

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Based on information from the Multiple Listing Service of HiCentral MLS, Ltd. Listing last updated on May, 19 2022 08:32 am. Information is deemed reliable but not guaranteed. Copyright: 2022 by HiCentral MLS, Ltd.
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