Lake Worth apartments sell for $12.9 million | Real Time

This property is just within the city of Lake Worth and consists of 120 four bedroom units. It last sold in 2011 for $7.8 million. That is a 65% increase over three years, about a 22% increase per year. These are not far from the Villages of Lake Worth being built right now at the northwest corner of Boutwell and Lake Worth Roads. Click title for link. This property is within the area that is considered part of the Park of Commerce.

Click here for link to the Property Appraiser website. The property contributes $39,000 to the city's general fund now with a taxable valuation of $7.2 million. Total ad valorem taxes were $171,644 this tax year.