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REO Apartment in Lake Worth Sold

Posted on May 20, 2013 | | 1583 reads

Blair Lee of Lighthouse Realty Services, Inc announces the following sale:

Small apartment/motel project located at 701 and 711 South Federal Highway in Lake Worth, Florida is 20 units that contains with 9,277 square feet on 0.62 acres. It was bank owned and essentially vacant at time of sale and in need of repairs.

The property sold for $575,000 in May 2013 to Eamon James Apartments, LLC. Lighthouse Realty Services represented the buyer in the transaction and the seller was Optimum Bank. The new renovated the property and is in lease up.

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