$2,050,000
For Sale

1218 N 20Th Street

Defuniak Springs, FL 32433
#956528
Browse 25 photos
Type:Purchase
Structure:Land
Zone:Residential

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

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      • MLS #956528

Location

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Information deemed reliable but not guaranteed. The information is provided exclusively 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.


Last Updated: . Source: ECAR

Listing Courtesy
Listing Agent:  (#20140121151511282648000000)
Listing Office: ERA American Real Estate (#20140121012053115813000000)

Ambrea ChatmanReal Estate Group
$
years

Down Payment

$
%
10.0%

Interest Rate

%
6.0%

Tax Rate

%
2.6%
$
$
annually
$
monthly

Note: The results shown are estimates only and do not include all factors. Speak with a licensed agent or loan provider for exact details. This tool is sourced from CloseHack.

Estimated Monthly Payment
$0.00
Loan Amount
$0.00

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    Information deemed reliable but not guaranteed. The information is provided exclusively 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.