Renovated Multifamily Investment
125 N Davis Ln, Defuniak Springs, FL 32433
55-unit multifamily property with 95% occupancy in Northwest Florida.
Type:Multifamily
Property size:
42,000 SFPrice / SF:
$140/SF- Added:
- Mar 6, 2026
- Days on Market:
- 81
- Last Refresh:
- Apr 6 at 12:27 am
Property Features for 125 N Davis Ln
General Information
- Standard status
- Active
- Size
- 42,000 SF
- Property subtype
- Multifamily
Listing agent Gordon MacLean, CCIM License ##3185347 (888) 240-0499
Listing office SVN RIVIERA COMMERCIAL (888) 240-0499
Listing date Mar 6, 2026
Source Svn
Displayed information is deemed reliable but is not guaranteed and should be independently verified.
All listing content including descriptions, pricing, images are the copyrighted material of SVN RIVIERA COMMERCIAL
HighLights
- Impressive 95% occupancy rate indicating strong performance.
- Assumable Freddie Mac loan at 3.54% with approximately 7 years remaining.
- Recently renovated in 2023, including new metal roofs and fresh paint.
- 55 modern and spacious units.
- 42,000 SF low‑rise/garden building.
- Located in Northwest Florida, near major thoroughfares and local attractions.
Overview
Located in Northwest Florida, this multifamily property features 55 units within a 42,000 SF low-rise/garden building. The property, zoned for Multifamily use, has undergone a recent renovation in 2023, including new metal roofs and freshly painted low-maintenance hard coat stucco exteriors. The property maintains an impressive 95% occupancy rate. The location offers proximity to major thoroughfares, the historic downtown area, Chautauqua Vineyard & Winery, and Lake DeFuniak. An assumable Freddie Mac loan at 3.54% with approximately 7 years remaining is available.
Financial Insights
Value Estimation Calculated for Apartment 5plus
Conservative
$5.17M
NOI $465,142 @ 9.00% cap · cautious / downside scenario
Moderate
$6.64M
NOI $465,142 @ 7.00% cap · market / base-case scenario
Aggressive
$9.30M
NOI $465,142 @ 5.00% cap · optimistic / upside scenario
NOI & Cap Rate Calculator
NOI Build-Up
- Vacancy
- income lost from leasable area expected to sit empty during the year — subtracted from gross rent.
- EGI (Effective Gross Income)
- gross rent minus vacancy losses — the realistic income before paying operating costs.
- OpEx (Operating Expenses)
- recurring costs to operate the property (property tax, insurance, utilities, maintenance, management) — excludes financing and capital improvements.
- NOI (Net Operating Income)
- income a property generates after operating costs but before financing and taxes.
Calculated for Apartment 5plus
| Component | $ | $/SF |
|---|---|---|
| Gross rent | $1.01M | $24.00 |
| − Vacancy | −$162.3k | −$3.86 |
| EGI | $845.7k | $20.14 |
| − OpEx | −$380.6k | −$9.06 |
| NOI | $465.1k | $11.07 |
42,000 SF · lease $24.00/SF/yr · vacancy 16.10% · expense 45.00%
Alternative Use Scenarios
Best Use
Apartment 5plus
$6.64M
$5.81M – $7.75M
NOI $465,142 @ 7.0% cap · market cap 7.89%
Second Best
—
—
no second resolved use
Theoretical Best
Office A
$10.56M
$9.24M – $12.32M
NOI $739,368 @ 7.0% cap · market cap 12.54%
Zoning and permitted uses should be independently verified with local authorities.
Property Profile
Location Intelligence
Current Use by Public Records
Apartment buildings
Location Insight
- Map
- Local Demand
- City
- Defuniak Springs
- County
- Walton
- State
- Florida
- Longitude
- -86.0958
- Latitude
- 30.7271
Nearby Similar for Sale
FAQs
What type of property is this?
Apartment building - 55-unit multifamily property with 95% occupancy in Northwest Florida.
Where is this apartment building located?
The property is located at 125 N Davis Ln Defuniak Springs, FL.
What is the asking price?
The asking price for this property is $5,895,000.
What are key features of this property?
This property features: Impressive 95% occupancy rate indicating strong performance.; Assumable Freddie Mac loan at 3.54% with approximately 7 years remaining.; Recently renovated in 2023, including new metal roofs and fresh paint.
