125 N Davis Lane, Defuniak Springs, FL 32433
[No Recorded Subdiv] · Walton County
Key Facts
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 Information
Property Type
Commercial Sale
Sub-Type
Multi Family
Year Built
1984
Living Area
42,240 sq ft
Lot Size
4.34 acres
Days on Market
91
MLS® Listing#
783548
Property Features
Lot Features
Utilities
Sewer
Schools
- Elementary:
- Maude Saunders
- Middle:
- Walton
- High:
- Walton
Financial Details
HOA
None
Parcel Number
25-3N-19-19070-001-536A
Directions
331 North, East on Hwy 90, North on Davis Ln for 1 mile. Property on the left
Affordability Calculator
$1,159,000
Estimated monthly payment
$30,843/mo
Principal $4,636,000 · Est. interest $6,467,633 over 30 yrs
Neighborhood Market Statistics
How this home compares to active listings in Defuniak Springs, FL
- $359,497
- Median Listing Price
- 88
- Median Days on Market
- 1,612
- Median Sq Ft
- $223
- Median Price / Sq Ft
- 3,502
- Active Listings
- This home’s price is 1512% above the area median.
- Its price per sq ft is 38% below the area median.
Market statistics compiled from active EXIT Realty® and MLS listings in Defuniak Springs, FL.
Location
Points of Interest in Defuniak Springs, FL
Showing the Defuniak Springs area map.
Nearby Schools
Walton Academy
School · 0.4 mi away
Walton Education Foundation
Secondary · 0.5 mi away
Freeport High School
Secondary · 0.5 mi away
Walton Middle School
Secondary · 1.4 mi away
Cornerstone Church of Defuniak Springs
School · 1.9 mi away
Walton High School
Secondary · 1.9 mi away
Emerald Coast Technical College
Secondary School · 1.9 mi away
Walton Middle School
Elementary · 2.1 mi away
Walton Initiative for Success in Education (Wise)
School · 2.1 mi away
Maude Saunders Elementary School
Elementary · 2.3 mi away
West Defuniak Elementary School
Elementary · 2.5 mi away
Galilean Academy
School · 4.4 mi away
Ponce de Leon Elementary School
Elementary · 8.0 mi away
Ponce de Leon High School
Secondary · 8.2 mi away
Freeport High School
Secondary · 12.7 mi away
Mossy Head School
Elementary · 14.0 mi away
Tri-County Community Council
School · 14.5 mi away
Freeport Elementary School
Elementary · 15.3 mi away
Freeport Middle School
Secondary · 15.8 mi away
Paxton School
School · 21.1 mi away
Commute Calculator
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| 27590-27612 Big Bend Road, Bonita Springs, FL | $4,199,999 | 12 | 9 | 5,900 |
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Moving Cost Estimate
EXIT Agents in Defuniak Springs
Listing Courtesy: SVN Riviera Commercial - 8882400499