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1218 N 20Th Street, DeFuniak Springs, FL 32433

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For Sale

$2,050,000

2.16 acres

Estimated Payment

$      /mo. †

APR for 30 years

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  • Other Residential
    Property type

  • 2.2 acres
    Lot size

Explore this Property

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.
MLS# 956528

Courtesy Of ERA American Real Estate

(850) 651-2454

Property Features

  • Amenities
    Dock
  • Architecture Style
    Other
  • Lot Size
    2.16 Acres

Map and Directions

Directions to 1218 N 20Th Street, DeFuniak Springs, FL 32433

Home seller CENTURY 21 AllPoints Realty

Get to know the neighborhood. A local affiliated CENTURY 21 office will help you set up tours, give advice, and negotiate with sellers.

CENTURY 21 AllPoints Realty

(850) 837-7800
Learn More About Us

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Copyright © 2024 Emerald Coast Association of Realtors. All rights reserved. All information provided by the listing agent/broker is deemed reliable but is not guaranteed and should be independently verified. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. Information being provided is for consumers' personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing.

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This information is provided for general informational purposes only and should not be relied on in making any home-buying decisions. School information does not guarantee enrollment. Contact a local real estate professional or the school district(s) for current information on schools. This information is not intended for use in determining a person's eligibility to attend a school or to use or benefit from other city, town or local services.

† Based on a 30-year fixed rate of 3.38% with 20% down. The estimated payment is offered for convenience and is not an offer of credit. Due to market fluctuations, interest rates are subject to change at any time and without notice. Interest rates are also subject to credit and property approval based on secondary market guidelines. The rates shown are based on average rates for our best qualified customers. Your individual rate may vary. Rates may differ for FHA, VA or jumbo loans.

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