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$ 5,895,000
Est. payment /mo
Active
125 N Davis LN Defuniak Springs, FL 32433
42,240 SqFt
UPDATED:
Key Details
Property Type Multi-Family
Sub Type Multi Family
Listing Status Active
Purchase Type For Sale
Square Footage 42,240 sqft
Price per Sqft $139
Subdivision [No Recorded Subdiv]
MLS Listing ID 783548
HOA Y/N No
Year Built 1984
Lot Size 4.340 Acres
Acres 4.34
Property Sub-Type Multi Family
Property Description
Introducing a multifamily investment opportunity in Northwest Florida!
A well maintained and renovated 42,000 SF, 55-unit multifamily gem, boasting a prime location zoned for Multifamily use.
Highlights
Low-rise/garden
Current in-place ASSUMABLE Freddie MAC first mortgage:
Origination: March 24, 2022
Loan Amount: $3,120,000
Term: 10 yrs.
Amort: 30 yrs.
Rate: 3.54%
CAP Rate 7.31%
NOI 430,990.00
Flood Zone X
Recent 2023 new metal roofs
Low maintenance hard coat stucco exteriors,
freshly painted in 2023
Impressive 95% occupancy rate
Operating memorandum available upon request.
A well maintained and renovated 42,000 SF, 55-unit multifamily gem, boasting a prime location zoned for Multifamily use.
Highlights
Low-rise/garden
Current in-place ASSUMABLE Freddie MAC first mortgage:
Origination: March 24, 2022
Loan Amount: $3,120,000
Term: 10 yrs.
Amort: 30 yrs.
Rate: 3.54%
CAP Rate 7.31%
NOI 430,990.00
Flood Zone X
Recent 2023 new metal roofs
Low maintenance hard coat stucco exteriors,
freshly painted in 2023
Impressive 95% occupancy rate
Operating memorandum available upon request.
Location
State FL
County Walton
Area 12 - Walton County
Interior
Fireplace No
Exterior
Utilities Available Sewer Available
Accessibility Common Area
Private Pool No
Building
Lot Description Landscaped
Sewer Public Sewer
Schools
Elementary Schools Maude Saunders
Middle Schools Walton
High Schools Walton
Others
Tax ID 25-3N-19-19070-001-536A
Security Features None
Special Listing Condition Listed As-Is, Other
Listed by SVN Riviera Commercial
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