Canadian investor group buys Zephyrhills Townview Apartments

BUYER: Kraus Townview Apartments Limited Partnership (principals: Michael Weber and Nelson Kraus), Waterloo, Ontario
SELLER: Regal Properties Capital Inc.
PROPERTY: 38100, 38112, 38124, 38136, 38140, 38140, 38140, 38140, 38140, 38140, 38140, 38140, 38140, 38140 and 38140 Townview Ave., Zephyrhills
PRICE: $2.1 million
LAW FIRM ON DEED: Robert D. Barcley PA, St. Petersburg

PLANS, DESCRIPTION:
An Ontario investment group, led by Michael Weber and Nelson Kraus, purchased the 46-unit Townview Apartments for $2.1 million.

The price equated to $45,652 per unit. That figure is lower than the average price per square unit ($70,803) for multifamily space in the Tampa Bay area, according to the CoStar Group.