Just Listed
Address
125 N Davis Lane, Defuniak Springs, FL
Price
$ 5,195,000
Property Attributes
- MLS#795863
- TypeCommercial
- Listing Status Active
- CountyWalton
- CityDefuniak Springs
- Area12 - Walton County
- Neighborhood[No Recorded Subdiv]
- Zip32433
- Style
- Year Built1984
- Price$ 5,195,000
- Bedrooms0
- Full Bathrooms0
- Half Bathrooms0
- Sqr Footage42240
- Lot Size4.34 Acres
Data Source:
Central Panhandle Association of REALTORS® (CPAR)
Property Description
Riviera Place Apartments | DeFuniak Springs, Florida Introducing a stabilized multifamily investment opportunity in Northwest Florida. Riviera Place Apartments is a well-maintained, approximately 42,000 SF, 55-unit garden-style apartment community offered at $5,195,000. The property combines strong current occupancy, recent capital improvements, and attractive existing debt. Most notably, the property has an assumable Freddie Mac first mortgage at a fixed 3.54% interest rate, subject to lender approval and assumption requirements. The loan originated March 24, 2022 with an original principal balance of $3,120,000, a 10-year term and 30-year amortization. Investment Highlights Asking Price: $5,195,000 55 Units NOI: $390,465.64 Cap Rate: 7.51% 95%+ Occupancy Approximately 42,000 SF Garden-style / single-story multifamily 3.54% fixed-rate assumable Freddie Mac financing Flood Zone X Significant recent capital improvements Metal roofs Low-maintenance hard-coat stucco exteriors On-site laundry and video monitoring/security system Additional rent-growth potential within the existing rent roll The latest rent roll reflects 96.4% occupancy, while the current T12 reports $605,757.74 in total income and $390,465.64 in NOI. Offering Memorandum, current T12, rent roll and loan documentation available upon request.
| Elementary School | Middle School | High School |
|---|---|---|
| Maude Saunders Elementary School | Walton Middle School | Walton High School |
| Price History | |
|---|---|
| 9/25/2026 | Listed $5,195,000 |
General Features
| Sewer | Public Sewer |
|---|---|
| Utilities | Sewer Available |
| Property Subtype | Multi Family |
| County | Walton |
| Property Type | Commercial Sale |
| HOA | false |
| Subdivision Name | [No Recorded Subdiv] |
| Special Listing Conditions | Listed As-Is,Other |
| Status | Active |
| Directions | 331 North, East on Hwy 90, North on Davis Ln for 1 mile. Property on the left |
| High School | Walton |
| City | Defuniak Springs |
| Zoning Description | City, Resid Multi-Family |
| MLS Area | 12 - Walton County |
| Lot Size Units | Acres |
| Lot Size Square Feet | 189050.4 |
| Elementary School | Maude Saunders |
| Middle/Junior High School | Walton |
| MLS Area Minor | 1214 - Walton - Defuniak Springs |
| Standard Status | Active |
| Property Sub Type Additional | Multi Family |
| Possible Use | Multi-Family |
| Occupancy Type | Occupied |
| Year Built | 1984 |
| Security Features | None |
| Accessibility | Common Area |
Exterior Features
| Lot Features | Landscaped |
|---|---|
| Lot Size Area | 4.34 |
| Lot Size Acres | 4.34 |
| Road Frontage Type | City Street |
| Building Area Total | 42240 |
| Waterfront Y/N | false |
Amenities
- Foreclosure
- Views
- Short Sale
- New Construction
- Adult 55+
- Lease To Own
- No HOA Fees
- Furnished
- Primary On Main
- Air Conditioning
- Seller Finance
- Green
- Fixer Upper
- Horse
- Golf
- Fireplace
- Deck
- Garage
- Basement
- Pool
Property vs Commercial Average in 32433
Price
Year Built
In The Neighborhood
Just Listed
Panama City
$ 599,000
0 S Bear Creek Road
Panama City, FL 32404
- Type
- Commercial
- Size
- 3,996 SqFt
Just Listed
Panama City
$ 3,195,000
1000 Beck Avenue
Panama City, FL 32401
- Type
- Commercial
- Size
- 7,618 SqFt
Emerald Coast Association of REALTORS®, Inc. All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers
Listing data provided by: Central Panhandle Association of Realtors (CPAR)
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.
All information deemed reliable but not guaranteed. All properties are subject to prior sale, change or withdrawal. Neither listing broker(s) or information provider(s) shall be responsible for any typographical errors, misinformation, misprints and shall be held totally harmless. Listing(s) information is provided for consumer's personal, non-commercial use and may not be used for any purpose other than to identify prospective properties consumers may be interested in purchasing. The data relating
