Local developer Peter Savio of Hawaiian Island Homes Ltd has just announced that he will be selling all of the units in the Lanai City Apartments as fee simple condominium units. The complex was built in 1990 and contains a total of 24 units. Savio announced that he will be selling studios for approximately $80,000 Fee Simple and one-bedroom units for between $95,000 and $99,000 Fee Simple. Furthermore, Savio has arranged for financing to allow buyers to put no money down for the UNITA.
The units will initially be offered to the tenants living in the complex. Following that preference will be given to Lanai residents. If units are still available after those two offerings, units will be placed on the open market.
Source: Honolulu Star Advertiser, 4-14-2012, www.staradvertiser.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
Posted by Jeff Uyemura-Reyes, Broker-in-Charge, Realtor®
Global Executive Realty, LLC
www.myhawaiihomesearch.com
www.myhawaiicondo.com
www.myhawaiidreamhome.com
