125 N Davis Lane Defuniak Springs, FL 32433

PRICED AT $5,579,500

Listing Details

  • $5,579,500
  • MLS# 783548
  • Type Commercial - Business
  • Status Active
  • 42,240 Square Feet
  • 4.340 acres Lot Size
  • 1984 Year Built

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.

Features

  • Built in 1984
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Gallery

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All Property Features

  • Property Type: Commercial - Business
  • Accessibility: Common Area
  • Days on Site: 157
  • Lot Description: Landscaped
  • Lot Size: 4.34 Acres
  • Parcel#: 25-3N-19-19070-001-536A
  • Security: None
  • Sewer: Public Sewer
  • Utilities: Sewer Available
  • Year Built: 1984

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