Catylist ID:
#30876345
| Catylist Listing ID: | 30876345 |
| Property Subtypes: | Duplex/Fourplex |
| Number of Units: | 16 Units |
| Building Size (RSF): | 13,544 SF |
| Gross Building Area: | See Agent |
| Sale Price: | $2,050,000 |
| Unit Price: | $128,125 Per Unit |
| In Opportunity Zone? | Yes |
| Property Use Type: | Investment |
| Sale Terms: | Cash to Seller, Owner Financing, Other |
| Cap Rate: | Undisclosed |
| Last Updated: | 8/20/2024 |
Overview / Comments
|
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. |
Attachments & Media
Additional Details
| Nearest MSA: | Crestview-Fort Walton Beach-Destin |
| County: | Walton |
| Tax ID/APN: | 223N19190000030040 |
Demographic Statistics
| Proximity: | 1 mile | 3 miles | 5 miles |
|---|---|---|---|
| Total Population: | 1,562 | 7,320 | 12,944 |
| Median Age: | 37.35 | 39.82 | 38.8 |
| Households: | 637 | 2,994 | 4,543 |
Contact
Keith WoodERA American Real EstateGulf Coast CMLS Member |
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