Ontario real estate investors buy under-performing Monaco Villas

By Business Observer Staff
| 8:25 a.m. August 16, 2013
| 0 Free Articles Remaining!

Tampa Bay-Lakeland

BUYER: The Kain Limited Partnership (principals: Harsch and Anita Khandelwal), Ontario, Canada
SELLER: Monaco Villas Ltd.
PROPERTY: 14323 Lucerne Drive and 1501 Skipper Road, Tampa
PRICE: $1.75 million
PREVIOUS PRICE: $708,600, August 1990
LAW FIRM ON DEED: Robert L. Barnes Jr. PL, Tampa

PLANS, DESCRIPTION: Harsch and Anita Khandelwal of Kitchener, Ontario, Canada purchased the 106-unit Monaco Villas apartment community for $1.75 million.

The price equated to $16,509 per unit.