Bought with Oceans Real Estate
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Key Details
Sold Price $2,500,000
Property Type Multi-Family
Sub Type Multi Family
Listing Status Sold
Purchase Type For Sale
Subdivision Makiki Area
MLS Listing ID 202125316
Sold Date 03/31/22
Construction Status Average Condition,Good Condition
HOA Y/N No
Year Built 1960
Annual Tax Amount $8,618
Property Description
This 10,858 sq ft of prime (A-2) Apartment zoned land in Makiki has a solid 2 story apartment building with a 3 bed
/ 2 bath upstairs as well as a 3/2 downstairs, 1,320 sq ft of living space each, granite countertops in the kitchens and bathrooms, and painted concrete floors. The vintage corner 2/1 cottage (672 sq ft with address of 1580 Pensacola St) nestled under the iconic Makiki banyan tree makes for shady natural living. Each of the 3 units are separately metered for electricity, and each has their own laundry. This great location on the corner of Pensacola St and Wilder Ave is convenient to bus lines, Biki bikes, and just minutes to the freeway. You'll see that the back of the property on the Wilder Avenue side is bare and ready to be developed. Ask your architect about the massive development potential of a 10,858 sq ft parcel within a medium density A-2 Apartment Zone especially given the provisions of the City's Bill 7, the State's 201H Housing Program, or to simply build an apartment building and maximize the standard entitlements. The units are tenant occupied. Please do not walk on the property nor disturb the tenants.
Location
State HI
County Oahu
Community None, Storage Facilities
Area Metro
Rooms
Ensuite Laundry In Unit
Interior
Laundry Location In Unit
Cooling Central Air
Furnishings Unfurnished
Fireplace No
Appliance Dryer, Washer
Laundry In Unit
Exterior
Garage Assigned
Community Features None, Storage Facilities
Utilities Available Above Ground Utilities, Cable Available, Electricity Available, High Speed Internet Available, Phone Available, Sewer Available, Water Available, Sewer Connected
View Y/N Yes
View City, Garden, Mountain(s)
Parking Type Assigned
Total Parking Spaces 9
Building
Lot Description Cleared, Corner Lot
Entry Level One,Two
Sewer Connected
Level or Stories One, Two
Construction Status Average Condition,Good Condition
Schools
Elementary Schools Lincoln
Middle Schools Stevenson
High Schools Roosevelt
Others
Tax ID 1-2-4-018-001-0000
Financing Cash,Conventional
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