Address: 125 Davis Lane, Defuniak Springs, FL 32433
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.
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
Building and Construction
Covered Spaces: 0.00
Living Area: 0.00
Land Information
Lot Features: Landscaped
School Information
High School: Walton
Middle School: Walton
School Elementary: Maude Saunders
Garage and Parking
Garage Spaces: 0.00
Open Parking Spaces: 0.00
Utilities
Carport Spaces: 0.00
Road Frontage Type: CityStreet
Sewer: PublicSewer
Utilities: SewerAvailable
Finance and Tax Information
Home Owners Association Fee: 0.00
Insurance Expense: 0.00
Net Operating Income: 0.00
Other Expense: 0.00
Pet Deposit: 0.00
Security Deposit: 0.00
Trash Expense: 0.00
Other Features
Accessibility Features: CommonArea
Legal Description: 1/10TH INT IN N2 OF BLK 1536 SEC 25-3N-19W LESS COM WHERE N LINE BLK 1536 INTERSECTS W ROW DAVIS LANE, S
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