Houston apartment investor buys Santa Barbara Villas

By Business Observer Staff
| 11:00 a.m. November 22, 2013
| 0 Free Articles Remaining!

Charlotte–Lee–Collier

BUYER: 3910 Santa Barbara Villas LLC (principal: Joseph Colangelo), Houston
SELLER: MB REO-FL Multifamily LLC
PROPERTY: 3910 Santa Barbara, various units, Cape Coral
PRICE: $1.05 million
PREVIOUS PRICE: $190,000, February 2004 (includes additional parcels)
LAW FIRM ON DEED: Cape Coral Title, Cape Coral

PLANS, DESCRIPTION: Joseph Colangelo of Houston purchased the 19-unit Santa Barbara Villas for $1.05 million.

The price equated to $55,263 per unit.