The Real Deal Miami

Lake Worth complex sells for $4.9M

May 09, 2011 12:51AM

Two adjacent apartment complexes in Lake Worth have sold for $4.95 million, according to Marcus & Millichap vice president and regional manager Greg Matus. The total represented an average price of $56,250 per unit. William Berthiaume, an associate in Marcus and Millichap’s Fort Lauderdale office, represented the private investor from Delray Beach that purchased the site. The seller, also unidentified, was a private owner from Lake Worth.The two complexes comprise 88 units across eight buildings. One complex is Sunny Estates, a 60-unit multi-family building at 3431 Helena Drive in Lake Worth, and the other is the Winchester Apartments, which is a 28-unit community at 3496 Lynwood Road in Lake Worth. TRD