Lake Worth Beach Apartments Trade for $2 Million
Address: 701 and 711 S. Federal Highway in Lake Worth Beach Property type: This is a two-building property with the Palm Beach County Property…
March 24, 2020 at 09:00 AM
1 minute read
701 and 711 S. Federal Highway in Lake Worth Beach. Photo: Google
Address: 701 and 711 S. Federal Highway in Lake Worth Beach
Property type: This is a two-building property with the Palm Beach County Property Appraiser's office listing the structures as motels but websites listing them as apartments. The building at 701 S. Federal is 4,800 square feet with 12 units, and the building at 711 S. Federal is 4,477 square feet with eight units, according to the appraiser's office. The structures sit across a 0.6-acre lot.
Price: $2,000,000
Price per unit: $100,000
Seller: Eamon James Apartments LLC
Buyer: Home Style Properties LLC
Past sale: $575,000 in May 2013
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