Realtor Abe Lee has put another condominium conversion project on the market, a 21-unit, three-building complex on Kapiolani Boulevard near Kaimuki High School.
The one- and two-bedroom units are priced from $209,000 to $259,000, with maintenance fees ranging from $148 to $245 a month. Current tenants are being given the first opportunity to purchase the fee-simple units.
The units are being sold as-is, in an effort to keep prices down. The original building was built in 1957 followed by the two surrounding buildings, which were built in 1965.
"This condo conversion offers simple, no-frills homeownership to people who want to live in town," said Lee, principal broker of Abe Lee Realty. "With pricing well below market comparisons, this is a perfect opportunity for first-time buyers."
Central Pacific HomeLoans is offering special financing.
credited by: bizjournals.com
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