SQUARE FEET42,240
MLS#783548
STATUSActive
PROPERTY TYPECommercial - Business
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.
Property Features
Property Type: Commercial - Business
Lot Size: 4.34 Acres
Year Built: 1984
Feature Descriptions
Accessibility: Common Area
Days on Site: 52
Lot: Landscaped
Parcel#: 25-3N-19-19070-001-536A
Security: None
Sewer: Public Sewer
Utilities: Sewer Available
Local Schools
High School: Walton
Middle School: Walton
Elementary School: Maude Saunders
Listed By / Shown By
Listed By
Agency Name: SVN Riviera Commercial
Shown By
Agency Title: Premier Property Group
Agency Phone: 850-337-1555
125 N Davis Lane | MLS# 783548
This commercial property located at 125 N Davis Lane , Defuniak Springs, FL 32433 is currently listed for sale with an asking price of $5,895,000. Search Defuniak Springs real estate on www.premierfl.com today.