Property
Beds
None
Full Baths
None
1/2 Baths
None
Year Built
None
Sq.Footage
N/A
Investment Opportunity: 16-Unit Portfolio in DeFuniak Springs, Florida.Pleased to present a remarkable investment opportunity, featuring a well-maintained portfolio of 16 units. This offering includes six duplexes, each with 2 bedrooms and 1 bathroom, encompassing 878 square feet, and one quadplex, with each unit featuring 2 bedrooms and 1 bathroom at 752 square feet. Priced at $2,050,000, this property promises exceptional investment potential.The current owner is motivated to sell as he plans to develop a new apartment complex on his adjacent land. To facilitate a smooth transaction, he is open to offering attractive financing terms:Down Payment: 30%Interest Rate: 9%Amortization: Over 30 years with a balloon payment due in 10 years.The property currently generates a monthly rent of $15,625, and with the Resident Benefits Package, the total monthly tenant payments reach $16,215. (100% occupied) The portfolio is professionally managed to ensure the property remains well-maintained, leading to consistent rental income and minimal vacancies. Current management company would love to stay in place and offer their management services to the new owner, ensuring a seamless transition and continued high-quality management of the units.
Features & Amenities
Interior
Area & Lot
-
Lot Size(acres)
2.16
-
Property Type
Commercial Sale
Exterior
-
Garage
No
Financial
-
Sales Price
$2,050,000
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Location
County
Walton
Elementary School
Middle School
High School
Listing Courtesy of Keith R Wood , ERA American Real Estate
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30A Luxury Group
EXP LUXURYGROUP 30A
Call EXP LUXURY today to schedule a private showing.
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