Listed by Riviera Commercial SVN
$5,579,500
125 N Davis Lane
Details
APN 25-3N-19-19070-001-536A
Property Type Multifamily
Sub Type Apartment Building, Duplex/Triplex/Quadruplex
Square Footage 42,240
Units 55
Cap Rate 7.94%
NOI $442,797
Occupancy 95%
Price per SqFt $132
Class C
Year Built 1984
Year Renovated 2023
Buildings 12
Stories 1
Acreage 4.340
Zoning Multifamily
Parking Spaces 88 spaces
Parking Per SqFt 2.08
Investment Type Stabilized
Multifamily | 55 Units | $101,445/unit
Marketing 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.
Investment highlights
- 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. 7 years remaining
- Low maintenance hard coat stucco exteriors, freshly painted in 2023
- Impressive 95% occupancy rate
Listing Contacts
Listed by Riviera Commercial SVN
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Loan Amount
$0.00
Annual Debt Service
$--
$--
Annual Cash Flow
$442,796.56
$36,899.71/mo
Valuation Metrics
0
DSCR
7.94%
Cap Rate
7.94%
ROI
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