60-United Apartment Building in Lake Worth, FL Sold for $6 Million by Marcus & Millichap

 

The Floridian apartments, 4611 South Congress Avenue
 Lake Worth, FL

LAKE WORTH, FL – Marcus & Millichap (NYSE: MMI), a leading commercial real estate brokerage firm specializing in investment sales, financing, research and advisory services, announced the sale of The Floridian, a 60-unit apartment property located in Lake Worth, FL, according to Ryan Nee, regional manager of the firm’s Fort Lauderdale office. The asset sold for $6,000,000.

 

Evan Richardson

Evan Richardson and Daniel J. Cunningham, investment specialists in Marcus & Millichap’s Fort Lauderdale office, had the exclusive listing to market the property on behalf of the seller, a private investor.  The brokers also secured and represented the buyer, a private investor.

  “By marketing the Floridian through our exclusive listing process we were able to generate several written offers and procure a cash buyer that closed just shy of the list price,” says Richardson

 The Floridian is located at 4611 S Congress Ave in Lake Worth, FL.  The property was built in 1964 of concrete block construction with painted stucco and fire-resistant concrete roofs.

 The asset consists of 57 one-bedroom/one-bathroom units and 3 studio units. The studios are approximately 450 rentable square feet while the one-bedroom/one-bathroom units are about 540 rentable square feet.

 

Daniel J. Cunningham

There is currently an on-site office that occupies one of the one-bedroom units. The property has on-site laundry facilities, an abundance of parking, and is near major area employment centers and economic drivers.

CONTACT:

 Ryan Nee

First Vice President and

District Manager

Fort Lauderdale, FL

(954) 245-3400

Dream Finders Homes Now Selling at Upscale Bella Collina in Lake County, FL

Gerry Boeneman

 MONTVERDE, FL – If luxury is what you’re looking for in a home and community, then look no farther than Dream Finders Homes’ offerings at the Tuscan-inspired Bella Collina community west of Orlando .

The Anna Maria with Bonus model is the builder’s first of seven floorplans to be built in the gated, master-planned community, according to Gerry Boeneman, president of Dream Finders Homes’ Central Florida division. “We’re excited to offer some of our most upscale plans in beautiful Bella Collina.”

Boeneman said Dream Finders Homes will offer three- to five-bedroom homes with optional bonus room on 40 and 50-foot lots in the well-appointed community of nearly 2,000 acres.

         Anna Maria with Bonus model

“Our luxury floorplans are designed to fit in perfectly with our homesites that front on either the incredible views of the Nick Faldo-designed championship golf course or some of the most supreme conservation views in all of Lake County .”

Dream Finders plans to build a total of 149 new homes ranging from 2,500 to 3,412 square feet of living area in the luxury community.  The homebuilder will build two new models with the first – Anna Maria with Bonus – slated for completion by March.  Pricing will start in the low $500,000s.

Bella Collina’s crown jewel is an expansive 75,000 square foot clubhouse that encompasses six buildings including three dining facilities, a 500-person ballroom with dedicated banquet team, a wine cellar for private ballroom events, a full-service spa and state-of-the-art fitness center. Six Har-Tru tennis courts and an oversized resort-style pool anchor the community’s outdoor amenities.  

Nick Faldo-designed championship golf course 

Located north of SR 50 just off the Florida Turnpike, Bella Collina is convenient to upscale shopping and dining in Montverde, Mount Dora and Winter Garden, 30 minutes from downtown Orlando and Walt Disney World, and 90 minutes from beaches on the Gulf of Mexico or Florida’s East Coast, via SR 429 and SR 528.

For more information about Dream Finder Homes’ new home designs at Bella Collina, please call 888-214-1164.

CONTACTS:

Gerry Boeneman, Division President, Dream Finders Homes,

888-214-1164 or Gerry.Boeneman@dreamfindershomes.com

Beth Payan, Larry Vershel Communications,

407-644-4142, 407-461-3781 or beth@larryvershel.com