Townview Apartments, located in the heart of the Zephyrhills business district, are now under new ownership.
Kraus Townview Apartments LP finalized its purchase of the 46-unit complex at 38124 Townview Ave., in Zephyrhills, earlier this month for $2.1 million, or $45,650 per unit. It was sold by Regal Properties Capital, which had purchased the nearly 30-year-old complex in 2008 for $2.4 million.
Kraus Townview purchased the complex using a $1.5 million mortgage from TD Bank, according to Pasco County property records. The Waterloo, Ontario-based company includes among its managers Michael Weber and Nelson Kraus, according to state corporation records.
The complex is located on nearly 3 acres of land, off Gall Boulevard just south of Pretty Pond Road.
The sale is the largest real estate transaction so far this year in Zephyrhills, topping the $1.5 million sale of the All Craft Marine location on County Road 54 by its tenants last February.
