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.
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