Bradenton apartment condos sell for $1.4 million

BRADENTON -- A Bradenton property investor who went through a well-publicized bankruptcy five years ago has sold 100 condominium apartment units he owned near downtown Bradenton.

On Dec. 17, 2013, Paul Sharff, an investor and former head of the Manatee County Republican Party, sold the units to APG City Walk LLC for $1.418 million, according to Manatee County property records.

The condos are part of the 144-unit City Walk Condominium complex on Fifth Street West in Bradenton. APG City Walk LLC, a Bradenton company managed by William Decklever, lists its business address at the condo complex.

City Walk was previously an apartment complex known as Cedar Tree Village Apartments. The complex is made up of 18 two-story buildings.

It is located three blocks south of McKechnie Field and adjacent to a city of Bradenton wastewater treatment plant.

The purchase is one of eight APG City Walk has made at City Walk Condominiums. County records show the company bought seven units from various owners in March for a total of $156,000 or an average of $22,285.

Another company managed by Decklever, APG Florida LLC, purchased another 26 units at City Walk beginning in 2011, according to county records.

In the latest transaction, the average price paid per unit was $14,180.

That price is not only below the $74,212 average sale price in the fourth quarter of 2013, but also below the average asking price, which was $35,294.

Sharff, a former head of the Manatee County Republican Party, filed for bankruptcy in July 2009.

At the time, he listed more than $22.9 million in liabilities and $53,000 in assets. County records show that he first bought into the City Walk complex in 2001.

Matt M. Johnson, Herald business reporter, can be reached at 941-745-7027, or on Twitter@MattAtBradenton.

This story was originally published April 30, 2014 at 12:00 AM with the headline "Bradenton apartment condos sell for $1.4 million."