$5,895,000
Defuniak Springs, FL 32433
MLS# 783548
42240 sqft
1 / 27
Property 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.
Details
Maps
Contract Info
List Price/SqFt: 139.56
List Date: 2026-01-12
List Price: $5,895,000
Current Price: $5,895,000
Sub-Type: Multi-Family
Location
Sub Area: 1214 - Walton - Defuniak Springs
Community/Resort: None
Waterfront: No
Elementary School: Maude Saunders
Middle School: Walton
High School: Walton
Directions: 331 North, East on Hwy 90, North on Davis Ln for 1 mile. Property on the left
Area: 12 - Walton County
Street #: 125
Street Direction: N
Street Name: Davis
Street Suffix: Lane
State: FL
Zip Code: 32433
County: Walton
Subdivision: [No Recorded Subdiv]
Parcel ID: 25-3N-19-19070-001-536A
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
General Property Info
List Class: Residential Income
Acreage: 4.34
Construction Status: Construction Complete
Frontage Ft: 330
SqFt Tot Bldg: 42240
Lot Depth: 654
Lot SqFt: 189050
Year Built: 1984
Listing Info, Tax and Legal
HOA Fee: No
Remarks & Misc
Remarks: 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.
Present Zoning
City: 1
Resid Multi-Family: 1
Association Amenities
Laundry: 1
Project Facilities
No Short Term Rental: 1
Security-None: 1
Utilities
All Utilities: 1
Public Sewer - Connected: 1
Water Connected: 1
Accessibility Features
Common Area: 1
Sale Type
As Is: 1
Other - See Remarks: 1
Floors in Unit/Home
One: 1
Offering Type
Good Will: 1
Real Estate: 1
Sale Only: 1
Multi-Family
Year Built: 1984
Building SqFt: 42000
# of Units: 55
Price P/Unit: 107181.82
Actual Gross Income: 649314
Expenses: 218324
Net Operating Income: 430990
Cap Rate: 7.31
Site Description
Landscaped: 1
Transport. Access
2-Lane: 1
City Road: 1
Status Change Info
Status: Active
Property Features
Accessibility Features: Common Area
Offering Type: Good Will; Real Estate; Sale Only
Present Zoning: Resid Multi-Family
Project Facilities: No Short Term Rental; Security-None
Sale Type: As Is; Other - See Remarks
Site Description: Landscaped
Utilities: All Utilities; Public Sewer - Connected; Water Connected
Listing Office: SVN Riviera Commercial
Last Updated: January - 13 - 2026
Information deemed reliable but not guaranteed.