Fort Myers living trusts buy Charlotte Harbor Apartments

BUYER: Donald Rechtzigel as trustee of the Donald J. Rechtzigel Irrevocable Trust and Donald and Jayne Rechtzigel as trustees of the Donald J. and Jayne L. Rechtzigel Living Trust
SELLER: Dimitrie Stingu and Jimmy Stingu PTR LLC
PROPERTY: 23136 Seneca Ave., 4460, 4470, 4485 and 4495 Church St., Port Charlotte
PRICE: $1.5 million
PREVIOUS PRICE: $861,000, May 2005
LAW FIRM ON DEED: McCrory Law Firm, Punta Gorda

PLANS, DESCRIPTION:
The Donald J. Rechtzigel Irrevocable Trust and Donald J. and Jayne L. Rechtzigel Living Trust of Fort Myers purchased the 24-unit Charlotte Harbor Apartments for $1.5 million.

The price equated to $62,500 per unit. That figure is less than the two-year average price per square foot for multifamily space ($70,191) in Southwest Florida, according to the CoStar Group.