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Riteway Investments buys Seminole Avenue apartments
BUYER: Riteway Investments LLC (principals: Celestino and Gustavo Marrero), Hollywood
SELLER: Bayview Loan Servicing LLC
PROPERTY: 3555 Seminole Ave., Fort Myers
PRICE: $120,000
PREVIOUS PRICE: $330,000, July 2002
TITLE FIRM ON DEED: Fidelity National Title Insurance Co., Fort Myers
PLANS, DESCRIPTION: Celestino and Gustavo Marrero, the owners and founders of Hollywood-based insurance-focused building contractor Riteway Insurance Repair Service Inc., purchased an 11-unit apartment building north of Palm Beach Boulevard for $120,000. The purchase price equated to $12,000 per unit.
Frank Szelest of Re/Max Realty Group Commercial Division represented the seller, and Mike Komar of Leffler & Associates represented the buyer.
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