125 Davis Lane, Defuniak Springs, FL 32433
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Priced at Only: $5,895,000
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Address: 125 Davis Lane, Defuniak Springs, FL 32433
Property Location and Similar Properties
- MLS#: 783548 ( CommercialSale )
- Street Address: 125 Davis Lane
- Viewed: 5
- Price: $5,895,000
- Price sqft: $140
- Waterfront: No
- Year Built: 1984
- Bldg sqft: 42240
- Days On Market: 47
- Additional Information
- Geolocation: 30.7272 / -86.0968
- County: WALTON
- City: Defuniak Springs
- Zipcode: 32433
- Subdivision: [no Recorded Subdiv]
- Elementary School: Maude Saunders
- Middle School: Walton
- High School: Walton
- Provided by: SVN Riviera Commercial
- DMCA Notice
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DescriptionIntroducing 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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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
- Area Major: 12 - Walton County
- Occupant Type: Occupied
- Parcel Number: 25-3N-19-19070-001-536A
- Possible Use: Commercial
- The Range: 0.00
Nearby Subdivisions
- The Dial Team
- Tropic Shores Realty
- Love Life
- Mobile: 561.201.4476
- dennisdialsells@gmail.com