125 N Davis Ln
- - 42,000 SF low-rise/garden building
- - 55 modern and spacious units
- - Recent 2023 renovation including new metal roofs
- - Assumable Freddie Mac loan at 3.54% w/ approx. 6 years remaining
- - Low maintenance hard coat stucco exteriors, freshly painted in 2023
- - Impressive 95% occupancy rate
Property Description
Introducing a prime investment opportunity in Northwest Florida! Discover a meticulously renovated 42,000 SF, 55-unit multifamily gem, boasting a prime location zoned for Multifamily use. This property is a beacon of opportunity, with a track record of exceptional performance evidenced by its impressive 95% occupancy rate. Featuring modern amenities and thoughtful design, this low-rise/garden property represents a compelling prospect for prospective investors seeking a turnkey opportunity in the flourishing Northwest Florida market. 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% Don't miss your chance to add this high-performing asset with below market debt to your portfolio!
Key Property Information
| Listing Status: | Available |
|---|---|
| Listing Type: | Call for offers |
| Property Types: | Apartment Buildings |
| Price: | $5,195,000 |
| No. of Units: | 55 |
| Year Built: | 1984 |
| Lot Size: | 3.40 Acres |
| Opportunity Zone: | No |
| Price per unit: | $94,455 |
| Property Website | Click Here |
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