Defuniak Springs, FL 32433,1218 N 20Th Street
Defuniak Springs, FL 32433,1218 N 20Th Street
Defuniak Springs, FL 32433,1218 N 20Th Street
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$2,050,000
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2.16 Acres Lot
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1218 N 20Th Street Defuniak Springs, FL 32433

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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

Learn More About LPT Realty

Kevin Dehlinger

Agent | License ID: SL3413116

+1(850) 502-0674

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1218 N 20Th Street