$ 2,050,000
1218 N 20Th Street Defuniak Springs, FL 32433
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REQUEST A TOUR If you would like to see this home without being there in person, select the "Virtual Tour" option and your agent will contact you to discuss available opportunities.
In-PersonVirtual Tour
$ 2,050,000
Est. payment /mo
Active
1218 N 20Th Street Defuniak Springs, FL 32433
2.16 Acres Lot
UPDATED:
10/13/2024 02:43 AM
Key Details
Property Type Commercial
Sub Type Multi-Family
Listing Status Active
Purchase Type For Sale
MLS Listing ID 956528
Lot Size 2.160 Acres
Acres 2.16
Property Description
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
Location
State FL
County Walton
Area 23 - North Walton County
Listed by ERA American Real Estate